Update to Right to Subscribe

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 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

Dev Clever Holdings plc

("Dev Clever" or "the Company")

Update on conditional subscription rights with Intrinsic Capital Jersey Limited ("ICJL")

The Company is pleased to announce that it has agreed with ICJL to amend the first tranche of the £10.0m conditional subscription rights originally announced on 13 May 2020, as follows:

a) Prior to the publication of a prospectus, as detailed in the 13 May 2020 announcement, it has been agreed that 2.5m of the first tranche of 20m subscription shares will be completed on or before 31 July 2020, raising £250,000 before related costs; and

b) the balance of 17.5m shares will be subscribed for subject to the publication by the Company of a prospectus by the original back stop date of 31st August 2020, raising £1.75 million before related costs.

The initial £250,000 will support the Company in enabling a faster global rollout of its careers development platforms and allow the Company to quickly launch in new markets such as India and China as part of the recently announced partnership with Veative. The 2.5m shares are being issued in accordance with the available headroom that the Company retains to issue new shares without the prior publication of a prospectus. All other details of the conditional subscription rights remain as originally announced on 13 May 2020.

The Company will make a further announcement once the initial 2.5m ordinary shares have been issued to ICJL.

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Notes to Editors

Dev Clever Holdings plc, together with its wholly owned subsidiary DevClever Limited, is a software and technology group based in Tamworth, United Kingdom, specialising in the use of lightweight integrations of cloud-based VR and gamification technologies to deliver rich customer engagement experiences across both the education and commercial sectors. In January 2019, Dev Clever listed on the Standard List of the London Stock Exchange. The Group's core focus is the development and commercialisation of its core platforms:

Educate Division:

Careers guidance and recruitment solution that offers secondary schools, colleges, universities, apprenticeship providers and employers with a range of digital products to more efficiently recruit and develop applicants and skills within their institutions and organisations.

Agency Services:

The Company's agency services division provides customers from the retail, brand and hospitality sectors with bespoke application and customisation of the Group's proprietary cloud-based products in order to increase consumer engagement, transactional efficiencies and enhance customer experience within their venues, our products include:

Engage: a proprietary cloud-based gamification solution that offers brands and retailers a range of products to drive higher levels of consumer engagement via the use of digitally redeemable incentives at the same time as fully controlling spend.

PubPal: a proprietary, cloud based mobile, contactless ordering and payment product developed to support the independent hospitality sector. Offered as a Software-as-a-Service ("SaaS") platform, PubPal is a stand-alone product that provides venue operators with a light touch mobile ordering system that doesn't require customers to download a mobile app. PubPal is an easy to implement solution that requires no upfront cost or the need for operators to have compatible Electronic Point of Sale software.

Experience: a multi-user virtual reality (VR) framework and augmented reality framework that enables customers of our Engage and Educate channels to extend their customer and student experiences through VR.

For further information, please visit www.devcleverholdingsplc.com