Further investment in Ixico plc

15 June 2021

CIP MERCHANT CAPITAL LIMITED

("CIP" or the "Company")

Further investment in Ixico plc

CIP is pleased to announce that, further to its announcement of 15 April 2021, it has acquired a further 150,000 ordinary shares of 1p each in Ixico plc (AIM: IXI) ("Ixico"), the artificial intelligence data analytics company delivering insights in neuroscience, for a total consideration of approximately £0.12 million.

Accordingly, CIP is now interested in, in aggregate, 3,374,500 ordinary shares of Ixico, representing approximately 7.03 per cent. of Ixico's issued share capital.

For the six month period ended 31 March 2021, Ixico achieved revenue of £4.9 million, gross profit of £3.3 million and a net profit attributable to its equity holders of £0.84 million. As at 31 March 2021, Ixico had cash and cash equivalents of £7.01 million and net assets of £10.39 million.

For further information, please contact:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.