Notification of Interest re Exit Opportunity

24 December 2019

Defenx PLC

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

Notification of Interest re Exit Opportunity

Defenx PLC (AIM: DFX), the cyber-security software group, announces that, further to BV Tech's announcement on 4 December 2019 of the Exit Opportunity to Minority Shareholders, the Company has been notified by BV Tech that it acquired a further 831,378 and 321,858 Ordinary Shares on 20 and 23 December 2019 respectively at 3 pence per share, being the purchase price pursuant to the Exit Opportunity.

Following the purchase of such Ordinary Shares, BV Tech is now interested in 30,513,695 Ordinary Shares, representing approximately 78.83 per cent. of the existing issued Ordinary Shares and voting rights in the Company.

Following the approval of the Resolutions at the Company's General Meeting on 20 December 2019, the last day of dealings in Defenx's Ordinary Shares will be 6 January 2020, and at 7.00 a.m. on 7 January 2020, the admission to trading on AIM of Defenx's Ordinary Shares will be cancelled.

The Company notes that the Exit Opportunity, as announced by BV Tech on 4 December 2019, will remain open until 1:00 p.m. (London time) on 6 January 2020.

Further details of the Cancellation are set out in the Circular posted to shareholders and available on the Company's website at https://investors.defenx.com.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meaning as those used in the Company's announcement of 4 December 2019.

Enquiries

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.