Reduction of capital

Calisen plc (the "Company")

Reduction of Capital

The Company is pleased to announce that, as contemplated in the prospectus for the initial public offering of the Company, distributable reserves have been created following the completion of a reduction of its share capital, whereby the entire amount standing to the credit of the Company's share premium account was cancelled (the "Capital Reduction").

The Capital Reduction was formally approved by the High Court of Justice on 9 June 2020. Following registration of the order of the High Court of Justice with Companies House, the Capital Reduction became effective on 22 June 2020.

Following the Capital Reduction, as at 22 June 2020, the issued share capital of the Company consists of 547,980,973 ordinary shares of £0.01 each. The distributable reserves created by the Capital Reduction amount to £1,089,788,369.11.

For further information please contact:

Company Secretary

Sarah Blackburn

[email protected]

Investor relations

Adam Key[email protected]

Media enquiries

Finsbury (public relations adviser to Calisen)

Dorothy Burwell / Harry Worthington

+44 7733 294 930 / +44 7818 526 556

[email protected]