Company Announcements

KR1 plc - Issue of Equity under Performance Incentive Scheme

14 July 2022

KR1 plc

("KR1" or the "Company")

Issue of Equity under Performance Incentive Scheme

KR1 plc (KR1:AQSE), a leading digital asset investment company, announces that, following the publication of the Company's audited Financial Statements for the year ended 31 December 2021, the performance fee payable to Reflexivity Research Limited (“Reflexivity”) under the terms of the Company’s Performance Incentive Scheme (the “Scheme”) has been settled.

The performance fee due to Reflexivity amounts to £30,144,241 and has been satisfied by the allotment of 24,571,438 ordinary shares of 0.19p each in the Company (“Ordinary Shares”). In accordance with the terms of the Scheme, the Ordinary Shares were allotted at a price equivalent to the Company’s audited net asset value per share as at 31 December 2021, the end of the period to which the performance fee related.

Following this allotment, Reflexivity is interested in 36,038,014 Ordinary Shares, representing 20.3% of the Company’s enlarged issued share capital. Reflexivity is owned by George McDonaugh and Keld van Schreven, Managing Directors of KR1, and Janos Berghorn, the Company’s Head of Research. In addition to their indirect interest in the Company through Reflexivity, George McDonaugh and Keld van Schreven also have the following interests in Ordinary Shares:


Executive          Number of Ordinary Shares  %

George McDonaugh¹          3,226,315         1.8

Keld van Schreven²         2,714,484         1.5



¹including 200,000 Ordinary Shares held by his spouse

²including 200,000 Ordinary Shares held by his spouse

Application will be made for the Ordinary Shares to be admitted to trading on the Apex segment of the AQSE Growth Market and admission is expected to become effective on Wednesday, 20 July 2022.

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, KR1 announces that, following the issue of Ordinary Shares referred to above, the Company now has 177,369,520 Ordinary Shares in issue, each share carrying the right to one vote.

This figure of 177,369,520 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

The Directors of KR1 plc accept responsibility for this announcement.

--ENDS--

For further information please contact:

      KR1 PLC                                               +44 (0)1624 630 630
George McDonaughKeld van SchrevenPeterhouse Capital Limited (AQSE Corporate Adviser)   +44 (0)20 7469 0930
Mark AnwylFTI Consulting LLP (PR Adviser)                       +44 (0)7711 387 085
Laura EwartKR1@fticonsulting.comGina Magnin

About KR1 plc

KR1 plc is a leading digital asset investment company supporting early-stage decentralised and open source blockchain projects. Founded in 2016 and publicly traded in London on the AQSE Growth Market (KR1:AQSE), KR1 has one of the longest and most successful track records of investment in the digital assets space by investing in decentralised platforms and protocols that are emerging to form new financial and internet infrastructures.

www.KR1.io

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).


     Notification and public disclosure of transactions by persons
 discharging managerial responsibilities and persons closely associated
                               with them.

1  Details of the person discharging managerial responsibilities /
   person closely associated

a) NameReflexivity Research Limited

2  Reason for the notification

a) Position/status                 PCA of PDMRs

b) Initial notification /Amendment Initial

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor

a) NameKR1 Plc

b) LEI                             213800WFTIIBY5SBCL19

4  Details of the transaction(s): section to be repeated for (i) each
   type of instrument; (ii) each type of transaction; (iii) each date;
   and (iv) each place where transactions have been conducted

a) Description of the financial
   instrument, type of instrument  Ordinary shares of 0.19 pence each
   Identification code


                                   ISIN: IM00BYYPQX37

b) Nature of the transaction       Performance award

c) Price(s) and volume(s)          24,571,438 Ordinary Shares at 122.68p
                                   per share

d) Aggregated information
   - Aggregated volume
   - Price                         N/A

e) Date of the transaction         13 July 2022

f) Place of the transaction        Not a market transaction