Issue of Equity - TRC Contingent Consideration

ELIXIRR INTERNATIONAL PLC

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

Issue of Equity - TRC Contingent Consideration

Elixirr International plc (ELIX.L), an established, global award-winning challenger consultancy, announces that, pursuant to the terms of the acquisition of TRC Advisory, LLC ("Acquisition") in September 2025, the Company has issued 822,194 new ordinary shares of £0.00005 each in the capital of the Company ("New Ordinary Shares").

The issuance of New Ordinary Shares is to satisfy the equity element of contingent consideration due in relation to the FY 25 performance of TRC Advisory, LLC. The New Ordinary Shares are being issued at £7.20 per share and a total value of £5.9 million (US$8.0 million), representing the maximum value of equity contingent consideration available for FY 25 performance under the terms of the Acquisition.

The New Ordinary Shares are subject to one-year lock-in arrangements plus limitations on the number of shares which may be sold in each of the following three years under nominee agreements.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for the 822,194 New Ordinary Shares to be admitted to listing in the equity shares (commercial companies) category of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 26 May 2026.

The New Ordinary Shares will rank pari passu in all respects with the existing issued ordinary shares of the Company.

After Admission, the total number of ordinary shares in issue will be 50,853,348, and the total number of voting rights will be 50,853,348. Following Admission, this figure may be used by Company shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

For enquiries, please refer to the Company's Investor Contacts page:

https://www.elixirr.com/investors/investor-contacts

Elixirr International plc +44 (0)20 7220 5410 

Stephen Newton, Chief Executive Officer

Graham Busby, Deputy Chief Executive Officer

Nicholas Willott, Chief Financial Officer and Company Secretary

[email protected]

Cavendish Capital Markets Ltd (Broker) +44 (0)20 7220 0500

Stephen Keys, Callum Davidson, Isaac Hooper (Corporate Finance),

Sunila de Silva (ECM)

About Elixirr International plc

Elixirr is an award-winning global consulting firm working with clients across a diverse range of industries, markets and geographies. Founded in 2009, the firm set out to be the 'challenger consultancy' and do things differently than the large corporate consultancies dominating the industry: working openly and collaboratively with clients from start to finish, delivering outcomes based on innovative thinking, not methodology, and treating each client's business like their own. Elixirr was quoted on the AIM market of the London Stock Exchange in 2020 and listed on the Main Market of the London Stock Exchange in July 2025. In addition to strong organic growth, Elixirr has acquired nine boutique firms - Den Creative, Coast Digital, The Retearn Group, iOLAP, Responsum, Insigniam, Hypothesis, TRC Advisory, Kvadrant Consulting - to grow the Group's capabilities, diversify the business, expand into new geographies and access new clients.