Completion of Convertible Bond Auction

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, REPUBLIC OF IRELAND, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

31 August 2017

Defenx PLC("Defenx" or the "Company")

Completion of Convertible Bond Auction

Defenx PLC (AIM:DFX), the cyber-security software group, is pleased to announce that, following the closing of the Convertible Bond auction, the opening of which was announced on 14 August 2017, the aggregate nominal amount of Convertible Bonds bid for under the auction is £1.25 million. The interest rate at which the Convertible Bonds are to be issued in accordance with the auction is 10%.

Accordingly, the Convertible Bonds, taken together with the gross proceeds of £1.74 million raised pursuant to the placing and subscription, announced on 7 August 2017, ensures that the Company will receive gross proceeds of, in aggregate, £2.99 million to accelerate the Group's growth plans.

In addition, the 156,250 Subscription Shares have been allotted to BV-Tech and their admission to trading on AIM is expected to take place at 8.00 a.m. tomorrow, 1 September 2017, following which, BV Tech will hold 3,636,638 Ordinary Shares, representing 28.08% of the Enlarged Share Capital.

Following admission of the Subscription Shares, Defenx will have 12,952,354 Ordinary Shares in issue and admitted to trading on AIM. The figure of 12,952,354 Ordinary Shares may be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of Defenx under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Defenx holds no Ordinary Shares in treasury.

Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement released on 7 August 2017 unless the context requires otherwise.

Enquiries

About Defenx

Founded in 2009, Defenx is a fast-growing and profitable cyber-security software group that offers a range of Security, Backup and Protection solutions for smartphones, PCs and networks.

A channel sales strategy, focused on flexibility, white-labelling and profit-share arrangements with distributors, telecoms companies and hardware manufacturers, enables Defenx to compete with established industry incumbents. Defenx's global distribution partners currently include 3Italia, Türk Telecom and Western Digital, amongst others including telecoms operators, systems integrators and original equipment manufacturers.

Defenx was admitted to trading on AIM on 3 December 2015, acquired Memopal Srl in August 2016 and announced a strategic partnership with BV-Tech, an Italian IT solutions provider, in April 2017. These have allowed the Company to diversify its product portfolio and grow its customer base by adding proprietary cloud backup and encryption technology as well as new channel partners.

Web: investors.defenx.com

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.