Update on Compliance with UK Listing Rules

Iconic Labs PLC

("Iconic" or the "Company")

Update on Compliance with UK Listing Rules

Iconic Labs PLC (LSE:ICON), is pleased to provide an update on its plans to comply with its obligations under the UK Listing Rules ("UKLR") which came into force on 29 July 2024 and contained certain Transitional Provisions ("TPs") to allow issuers time to comply with the new requirements.

UKLR TP 7 set out a transitional period of one year from 29 July 2024 during which certain sections of UKLR 13 would not apply to issuers with their securities admitted to Equity Shares (Shell Companies) Category of the UK FCA's Official List. These provisions include the obligation that the constitution of the Company complies with UKLR 13.2.1 related to seeking shareholder approval to continue operations if an initial transaction has not been completed within 24 months.

The Company intends to propose the necessary amendments to its Articles of Association to ensure compliance with UKLR 13.2.1 at its next Annual General Meeting or General Meeting, whichever is the earlier.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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