Additional Subscription and Total Voting Rights

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

20 March 2025

Onward Opportunities Limited

("Onward Opportunities" or the "Company")

Additional Subscription and Total Voting Rights

Onward Opportunities Limited, the UK smaller company focussed investment company, is pleased to announce that, further to the announcement of 7.00 a.m. on 14 March 2025, in response to investor demand it has raised additional gross proceeds of approximately £0.06 million by way of an additional direct subscription (the "Additional Subscription") for 48,000 new ordinary shares (the "Additional Subscription Shares") at a price of 124.9 pence per Additional Subscription Share.

Pursuant to the Additional Subscription, application has been made for all Additional Subscription Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on or around 24 March 2025 and the Additional Subscription Shares will, on issue, rank pari passu in all respects with the Company's existing ordinary shares.

Total Voting Rights

On Admission, the Company will have a total of 25,680,624 ordinary shares in issue. No ordinary shares are held in treasury. The figure of 25,680,624 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

FOR FURTHER ENQUIRIES:

To find out more, please visit: www.onwardopportunities.co.uk