Result of General Meeting and Open Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.

5 June 2019

Collagen Solutions plc

("Collagen Solutions", the "Company" or the "Group")

Result of General Meeting and Open Offer

Resolutions passed relating to fundraising of £5.96 million, including a £4.18 million strategic investment from Rosen's Diversified Inc.

Collagen Solutions plc (AIM: COS), the developer and manufacturer of biomaterials and regenerative medicines for the enhancement and extension of human life, is pleased to announce that all resolutions put to shareholders in connection with the proposed Subscription, Placing and Open Offer to raise up to £6.0m were duly passed at the General Meeting of the Company held earlier today.

On 20 May 2019, the Company, announced a strategic investment by Rosen's Diversified Inc of £4.18 million (before expenses) (the "Subscription"). In addition to this Subscription, the Company announced a Placing and Open Offer of up to an additional £1.83 million (before expenses).

The Open Offer (which also included for these purposes a direct subscription by one of the directors) closed at 11:00 am on 4 June 2019 and will raise a total of approximately £0.53 million. Accordingly, the aggregate amount raised pursuant to the Subscription, Placing and Open Offer is approximately £5.96 million (before expenses). The Subscription, Placing and Open Offer were conducted at a price of 5.0p per share.

The funds raised from this new strategic partner and new and existing shareholders are expected to fund manufacturing expansion, product development and working capital.

An application has been made for the 119,166,429 new Ordinary Shares relating to the Subscription, Placing and Open Offer to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8:00am on 6 June 2019. Following Admission, the Company will have 443,682,981 Ordinary Shares in issue admitted to trading on AIM.

Further details of the Subscription, Placing and Open Offer were set out in the Circular published by the Company on 20 May 2019.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

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