Notice of AGM

26 January 2021

  Ridgecrest plc

("Ridgecrest" or the "Company")

Notice of AGM

Ridgecrest, an AIM Rule 15 cash shell, announces that it will today post a circular to shareholders to convene its annual general meeting ("AGM"). A copy of the circular will be made available on the Company's website www.ridgecrestplc.com later on today.

Resolutions to be proposed at the AGM will include, inter alia, resolutions to approve the issue of the 333,333,337 Placing Shares pursuant to the Placing, details of which were announced on 20 January 2021.

Application will be made for the 333,333,337 Placing Shares to be admitted to trading on AIM and it is expected that admission will take place on or around 19 February 2021 ("Admission").

AGM

The AGM will be held at 10.00 a.m. on 18 February 2021. Whilst, in normal circumstances, the Board values very highly the opportunity to meet shareholders in person, due to the ongoing COVID-19 pandemic, the AGM will be held either virtually or as a closed meeting with a minimum number of directors and shareholders present, such that the legal requirement to hold a quorate meeting will be satisfied; and no other shareholders will be permitted to access, attend or participate either in person or virtually.

Shareholders are accordingly strongly urged to appoint the Chairman of the AGM (rather than their own choice of person) as their proxy as this is the only way to ensure their vote is counted. Shareholders may submit questions relating to the business to be dealt with at the Annual General Meeting by emailing [email protected] at least 48 hours prior to the meeting. The Company will endeavour to publish these questions and the Company's responses on its website (www.ridgecrestplc.com) as soon as practicable after the meeting.

Total Voting Rights

Upon Admission, the Company's enlarged issued share capital will comprise 451,124,778 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 451,124,778. The aforementioned figure may 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.

 Defined terms used in this announcement have the same meaning as in the Company's announcement on 20 January 2021, unless the context requires otherwise.

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