Change in Accounting Reference Date

29 November 2021

Summerway Capital Plc

("Summerway" or the "Company")

Change in Accounting Reference Date

The Board of Directors of Summerway Capital Plc (AIM: SWC) today announces that it will be changing its accounting reference date and financial year end from 31 August to 31 December.

The accounting reference date change to 31 December has been made to align the Company's accounting reference date with that of Vertigrow Technologies Ltd, the proposed acquisition announced on 28 October 2021.

As a result, the Company's next financial reporting events will be as follows:

· Publication of interim results for the 12 months to 31 August 2021, not later than 30 November 2021;

· Publication of audited accounts for the 16 month period to 31 December 2021, not later than 30 April 2022; and

· Publication of interim results for the 6 months ended 30 June 2022, not later than 30 September 2022.

Enquiries:

Summerway Capital Plc

Tony Morris 020 7440 7520

Canaccord Genuity Limited (Nominated Adviser and Broker)

Andrew Potts 020 7523 8000