Exercise of options and issue of equity

14 December 2022

Crestchic Plc

("Crestchic", the "Company" or the "Group")

Exercise of options and issue of equity

Crestchic plc, the power reliability company, announces that, further to an exercise of options, it has made an application for the admission to trading on AIM ("Admission") of 6,993 new ordinary shares of 10p each in the Company ("Ordinary Shares"). It is expected that admission will occur on 20 December 2022.

Total voting rights

Following Admission, the Company's issued share capital will comprise 29,656,203 Ordinary Shares, including 1,460,150 Ordinary Shares held in treasury.

Therefore, the figure of 28,196,053 ordinary shares should 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information

Crestchic Plc

Peter Harris, Executive Chairman 01283 531645

Iwan Phillips, Finance Director

Shore Capital (Nominated Adviser and Broker) 020 7408 4050

Robert Finlay / David Coaten / Henry Willcocks

Buchanan Communications 020 7466 5000

Charles Ryland / Stephanie Whitmore

About Crestchic:

Crestchic Plc hires and sells specialist industrial equipment. With offices or agents in the UK, USA, The Middle East, Belgium, Germany, France, Singapore, China and South Korea, Crestchic has a global customer base. This includes utility companies, renewables, the oil and gas sector, data centres, shipping, banking, mining, construction and the public sector. The product range includes loadbanks and transformers. Crestchic was admitted to AIM in 2006 since when it has grown by providing a high level of service, responsiveness and flexibility to customers.