Author: Ravi Shankar

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Sept. 22, 2026 (GLOBE NEWSWIRE) — Kirkland Lake Discoveries Corp. (TSXV: KLDC) (“Kirkland” or the “Company”) announces that, further to its news release dated September 17, 2026, it has entered into an amendment agreement with Canaccord Genuity Corp. (“Canaccord Genuity”) pursuant to which Canaccord Genuity and a syndicate of agents (collectively, the “Agents”) have agreed to upsize the previously announced “best efforts” private placement (the “Offering”) by the Company which shall now consist of (i) flow-through common shares (the “FT Shares”) of the Company at a price of $0.40 per FT Share, and special flow-through common shares (the “Special FT Shares”) of the Company at a price of $0.483 per Special FT Share, in any combination, for aggregate gross proceeds of up to approximately $12,292,662; and (ii) up to 14,285,714 common shares (the “HD Shares”) of the Company at a price of $0.35 per HD Share for gross proceeds of up to approximately $5,000,000. Each of the FT Shares and Special FT Shares will qualify as a “flow-through share” for the purposes of the Income Tax Act (Canada).

In addition, the Agents and the Company have agreed to amend and increase the size of the option granted to the Agents, such that the Company has granted the Agents an option to sell up to approximately C$2,873,278 of additional FT Shares, HD Shares or a combination thereof (as agreed between the Company and the Agents) at the respective offering prices and on the same terms and conditions, exercisable in whole or in part at any time up to 48 hours prior to the closing date of the Offering.

The Offering is expected to close on or about October 8, 2026, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. All other terms of the Offering remain unchanged. For further details, please refer to the news release of the Company dated September 17, 2026 available on SEDAR+ at www.sedarplus.ca.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States unless an exemption from such registration is available.

About Kirkland Lake Discoveries Corp.

Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) has assembled a 420 km² exploration portfolio in the Kirkland Lake region of Ontario’s Abitibi Greenstone Belt, one of the most prolific mining districts in the world. The Company’s properties span key fault zones, geophysical anomalies and volcanic-sedimentary contacts within the Blake River Group, a highly prospective assemblage known to host both gold and polymetallic massive-sulphide deposits.

With exploration permits in place, the Company is positioned to advance a pipeline of drill-ready targets at KL South, KL West and KL East, supported by anomalous soil trends, historical mineral showings and structurally controlled intersections.

For further information, please contact:
Stefan Sklepowicz
Chief Executive Officer
Phone: 226-979-3515
Email: stefan@kirklandlakediscoveries.com
Website: www.kirklandlakediscoveries.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION
All statements, other than statements of historical fact, contained in this news release constitute “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred to herein as “forward-looking statements”). Forward-looking statements include, but are not limited to, the completion of the Offering, the expected proceeds of the Offering, the anticipated date for closing of the Offering, the receipt of all necessary regulatory and other approvals, the Company’s future exploration plans with respect to its property interests and the timing thereof, the prospective nature of the projects, future price of gold, success of exploration activities and metallurgical test work, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of exploration work, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate” or “believes”, or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of management, the assumed long-term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour, and that the political environment within Canada will continue to support the development of mining projects, and the availability of financing and all applicable regulatory approvals.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Kirkland to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: actual results of current exploration activities; environmental risks; future prices of gold; operating risks; accidents, labour issues and other risks of the mining industry; availability of capital, delays in obtaining government or regulatory approvals or financing; and other risks and uncertainties. These risks and uncertainties and the additional risks described in the Company’s most recently filed annual and interim MD&A are not and should not be construed as being exhaustive.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.

Forward-looking statements in this news release are made as of the date hereof and the Company assumes no obligation to update any forward-looking statements, except as required by applicable laws.

Geneva, Switzerland, Sept. 22, 2026 (GLOBE NEWSWIRE) —

SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, and its parent company WISeKey International Holding Ltd (SIX: WIHN; NASDAQ: WKEY), today announced the continued expansion of the SEALSQ–WISeKey Quantum Highway™, an interconnected sovereign technology infrastructure designed to link strategic capabilities across Switzerland, Spain, France, the United States and India, and ultimately extending into space through WISeSat.

The SEALSQ–WISeKey Quantum Highway™ is designed to connect specialized centers of excellence rather than concentrate critical technologies in a single location. Together, these centers are intended to form an end-to-end chain of trust covering secure semiconductor and ASIC design, post-quantum security, semiconductor personalization, Root of Trust and PKI, photonics, quantum computing and quantum-secure satellite communications.

The Quantum Highway architecture spans: Silicon → Post-Quantum Security → Root of Trust → Photonics → Quantum → Space

A major new component is the planned Post-Quantum Semiconductor and Cybersecurity Center in the Canton of Jura, Switzerland. Previously announced by WISeKey, SEALSQ and the Republic and Canton of Jura, the project contemplates an investment of CHF 40–60 million and has the potential to create approximately 150 qualified jobs within five years and more than 250 over the longer term. The center would combine SEALSQ’s post-quantum semiconductor expertise with Jura’s internationally recognized capabilities in microtechnology, precision manufacturing and industrial engineering.

Jura could further strengthen a broader Swiss Quantum Technology Corridor connecting Geneva, Lausanne, Jura and space. Geneva provides WISeKey’s Root of Trust and PKI infrastructure; Lausanne contributes advanced photonics through Miraex; Jura would add semiconductor personalization, testing, certification and future ASIC capabilities; and WISeSat could extend this chain of trust into secure orbital infrastructure.

This Swiss corridor connects directly with the wider international Quantum Highway. In Spain, Quantix Edge Security is developing semiconductor capabilities in Murcia, supported by a planned investment of approximately €40 million, while La Línea de la Concepción provides an additional connection to post-quantum communications and WISeSat activities.

In France, SEALSQ’s operations provide secure-element and post-quantum semiconductor engineering, while its subsidiary IC’ALPS, provides ASIC and mixed-signal design capabilities. Together with the Grenoble technology ecosystem, these capabilities are positioned to support the development of emerging quantum-computing technologies. In the United States, SEALSQ’s investment in EeroQ connects the Quantum Highway with quantum computing based on electrons on helium. In India, cooperation with Kaynes is intended to develop local capabilities in post-quantum semiconductor design, testing and secure personalization while connecting these activities with the Group’s space ecosystem.

The final extension is space. Through the Quantum Spatial Orbital Cloud (QSOC), SEALSQ and WISeSat plan to combine post-quantum technologies, quantum-generated trust and satellite connectivity to create secure orbital infrastructure, with a roadmap that contemplates up to 100 satellites.

The result is an interconnected sovereign infrastructure spanning: Spain ↔ France ↔ Switzerland ↔ United States ↔ India ↔ Space

A secure semiconductor could therefore be designed in France, securely personalized in Spain, Switzerland or India, anchored to WISeKey’s Root of Trust in Geneva, interconnected through Swiss photonics, linked to quantum-computing environments in Europe or the United States, and ultimately extended into orbit through WISeSat.

As Carlos Moreira, Founder and CEO of WISeKey and SEALSQ, commented: “The Quantum Highway is becoming the physical map of our sovereign quantum strategy. We are connecting specialized centers rather than concentrating critical technologies in one location, creating an integrated chain of trust from semiconductor design and post-quantum security to quantum computing and space. We are building a chain of trust from silicon to quantum, and from quantum to space. Our objective is to build a trusted technology framework that extends from silicon to quantum and from quantum to space.”

About SEALSQ:
SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.

Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com

SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 Lena.cati@theequitygroup.com

Geneva, Switzerland, Sept. 22, 2026 (GLOBE NEWSWIRE) —

SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, and its parent company WISeKey International Holding Ltd (SIX: WIHN; NASDAQ: WKEY), today announced the continued expansion of the SEALSQ–WISeKey Quantum Highway™, an interconnected sovereign technology infrastructure designed to link strategic capabilities across Switzerland, Spain, France, the United States and India, and ultimately extending into space through WISeSat.

The SEALSQ–WISeKey Quantum Highway™ is designed to connect specialized centers of excellence rather than concentrate critical technologies in a single location. Together, these centers are intended to form an end-to-end chain of trust covering secure semiconductor and ASIC design, post-quantum security, semiconductor personalization, Root of Trust and PKI, photonics, quantum computing and quantum-secure satellite communications.

The Quantum Highway architecture spans: Silicon → Post-Quantum Security → Root of Trust → Photonics → Quantum → Space

A major new component is the planned Post-Quantum Semiconductor and Cybersecurity Center in the Canton of Jura, Switzerland. Previously announced by WISeKey, SEALSQ and the Republic and Canton of Jura, the project contemplates an investment of CHF 40–60 million and has the potential to create approximately 150 qualified jobs within five years and more than 250 over the longer term. The center would combine SEALSQ’s post-quantum semiconductor expertise with Jura’s internationally recognized capabilities in microtechnology, precision manufacturing and industrial engineering.

Jura could further strengthen a broader Swiss Quantum Technology Corridor connecting Geneva, Lausanne, Jura and space. Geneva provides WISeKey’s Root of Trust and PKI infrastructure; Lausanne contributes advanced photonics through Miraex; Jura would add semiconductor personalization, testing, certification and future ASIC capabilities; and WISeSat could extend this chain of trust into secure orbital infrastructure.

This Swiss corridor connects directly with the wider international Quantum Highway. In Spain, Quantix Edge Security is developing semiconductor capabilities in Murcia, supported by a planned investment of approximately €40 million, while La Línea de la Concepción provides an additional connection to post-quantum communications and WISeSat activities.

In France, SEALSQ’s operations provide secure-element and post-quantum semiconductor engineering, while its subsidiary IC’ALPS, provides ASIC and mixed-signal design capabilities. Together with the Grenoble technology ecosystem, these capabilities are positioned to support the development of emerging quantum-computing technologies. In the United States, SEALSQ’s investment in EeroQ connects the Quantum Highway with quantum computing based on electrons on helium. In India, cooperation with Kaynes is intended to develop local capabilities in post-quantum semiconductor design, testing and secure personalization while connecting these activities with the Group’s space ecosystem.

The final extension is space. Through the Quantum Spatial Orbital Cloud (QSOC), SEALSQ and WISeSat plan to combine post-quantum technologies, quantum-generated trust and satellite connectivity to create secure orbital infrastructure, with a roadmap that contemplates up to 100 satellites.

The result is an interconnected sovereign infrastructure spanning: Spain ↔ France ↔ Switzerland ↔ United States ↔ India ↔ Space

A secure semiconductor could therefore be designed in France, securely personalized in Spain, Switzerland or India, anchored to WISeKey’s Root of Trust in Geneva, interconnected through Swiss photonics, linked to quantum-computing environments in Europe or the United States, and ultimately extended into orbit through WISeSat.

As Carlos Moreira, Founder and CEO of WISeKey and SEALSQ, commented: “The Quantum Highway is becoming the physical map of our sovereign quantum strategy. We are connecting specialized centers rather than concentrating critical technologies in one location, creating an integrated chain of trust from semiconductor design and post-quantum security to quantum computing and space. We are building a chain of trust from silicon to quantum, and from quantum to space. Our objective is to build a trusted technology framework that extends from silicon to quantum and from quantum to space.”

About SEALSQ:
SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.

Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com

SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 Lena.cati@theequitygroup.com

Multi-year financing framework expands access to growth capital and provides increased financial flexibility as SafeSpace Global 

KNOXVILLE, Tenn., Sept. 22, 2026 (GLOBE NEWSWIRE) — SafeSpace Global Corporation (OTCID: SSGC) (“SafeSpace Global” or the “Company”), an applied multimodal AI-powered physical safety and security technology company, today announced that it has entered into financing agreements providing the Company with access to up to approximately $11 million in potential capital, subject to the terms and conditions of the respective agreements.

The financing package consists of an equity purchase agreement providing up to $10 million of equity financing capacity over a commitment period of up to 36 months, and a senior secured promissory note for $500,000 with an additional $500,000 in funding upon the Company fulfilling certain obligations.

The Company believes the financing structure expands its access to growth capital and provides additional financial flexibility as SafeSpace Global continues executing its core vertical broadening and multi-channel revenue growth strategy.

Scott M. Boruff, Founder and Chief Executive Officer of SafeSpace Global, commented:

“We believe this financing represents an important step in strengthening SafeSpace Global’s capital position as we enter what we believe will be a transformational period for the Company. Rather than relying on a single capital raise, we now have a financing framework designed to provide access to capital over an extended period as we execute our growth strategy.

“We believe having access to up to $10 million through the equity facility, together with the additional note financing, gives us greater flexibility to invest behind our technology, commercialization efforts and strategic opportunities while continuing to build the infrastructure required to scale SafeSpace Global.

“Our objective is straightforward: build a durable company with the technology, capital resources and commercial relationships necessary to pursue the significant opportunities we see across physical safety, security and the overall threat intelligence space.”

What SafeSpace Global Does

SafeSpace Global provides AI-powered physical-security technology designed to help make everyday environments safer. Its visual AI integrates with a facility’s existing camera infrastructure to identify potential weapons and other designated threats, present alerts for rapid human verification and transmit verified incidents to integrated response platforms.

SafeSpace Global serves multiple sectors, including K-12 education, senior living, addiction-treatment facilities, correctional facilities and faith-based organizations. Its solutions focus on proactive threat identification and providing organizations with actionable information before an incident escalates.

About SafeSpace Global Corporation

SafeSpace Global Corporation (OTCID: SSGC) is a publicly traded technology company providing proprietary, applied multimodal, AI-powered physical safety solutions in its mission to help save lives. Headquartered in Knoxville, Tennessee, the Company has its Tennessee AI Center of Excellence and regional office in Nashville, Tennessee. Learn more at www.SafeSpaceGlobal.ai.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

Investor Relations:
Michael Hrynuik
SafeSpace Global Corporation
michael.hrynuik@safespaceglobal.ai
917-885-1174

Media Contact:
Nicole Beal
SafeSpace Global Corporation
marketing@safespaceglobal.ai

Multi-year financing framework expands access to growth capital and provides increased financial flexibility as SafeSpace Global 

KNOXVILLE, Tenn., Sept. 22, 2026 (GLOBE NEWSWIRE) — SafeSpace Global Corporation (OTCID: SSGC) (“SafeSpace Global” or the “Company”), an applied multimodal AI-powered physical safety and security technology company, today announced that it has entered into financing agreements providing the Company with access to up to approximately $11 million in potential capital, subject to the terms and conditions of the respective agreements.

The financing package consists of an equity purchase agreement providing up to $10 million of equity financing capacity over a commitment period of up to 36 months, and a senior secured promissory note for $500,000 with an additional $500,000 in funding upon the Company fulfilling certain obligations.

The Company believes the financing structure expands its access to growth capital and provides additional financial flexibility as SafeSpace Global continues executing its core vertical broadening and multi-channel revenue growth strategy.

Scott M. Boruff, Founder and Chief Executive Officer of SafeSpace Global, commented:

“We believe this financing represents an important step in strengthening SafeSpace Global’s capital position as we enter what we believe will be a transformational period for the Company. Rather than relying on a single capital raise, we now have a financing framework designed to provide access to capital over an extended period as we execute our growth strategy.

“We believe having access to up to $10 million through the equity facility, together with the additional note financing, gives us greater flexibility to invest behind our technology, commercialization efforts and strategic opportunities while continuing to build the infrastructure required to scale SafeSpace Global.

“Our objective is straightforward: build a durable company with the technology, capital resources and commercial relationships necessary to pursue the significant opportunities we see across physical safety, security and the overall threat intelligence space.”

What SafeSpace Global Does

SafeSpace Global provides AI-powered physical-security technology designed to help make everyday environments safer. Its visual AI integrates with a facility’s existing camera infrastructure to identify potential weapons and other designated threats, present alerts for rapid human verification and transmit verified incidents to integrated response platforms.

SafeSpace Global serves multiple sectors, including K-12 education, senior living, addiction-treatment facilities, correctional facilities and faith-based organizations. Its solutions focus on proactive threat identification and providing organizations with actionable information before an incident escalates.

About SafeSpace Global Corporation

SafeSpace Global Corporation (OTCID: SSGC) is a publicly traded technology company providing proprietary, applied multimodal, AI-powered physical safety solutions in its mission to help save lives. Headquartered in Knoxville, Tennessee, the Company has its Tennessee AI Center of Excellence and regional office in Nashville, Tennessee. Learn more at www.SafeSpaceGlobal.ai.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

Investor Relations:
Michael Hrynuik
SafeSpace Global Corporation
michael.hrynuik@safespaceglobal.ai
917-885-1174

Media Contact:
Nicole Beal
SafeSpace Global Corporation
marketing@safespaceglobal.ai

• Toblerone Diamond Truffles with Biscoff^® combine smooth Toblerone milk chocolate, rich Biscoff^® spread filling, and crunchy honey-almond nougat pieces in a distinctive diamond shape
• Available in two formats: a 495g premium box exclusive to Costco across ten markets, and a 180g sharing box in select countries
• Marks the first global retail partnership between Mondelēz International and Costco
• Collaboration deepens Toblerone’s premium positioning and reinforces Mondelēz International’s strategy to lead in premium chocolate innovation

CHICAGO, Sept. 22, 2026 (GLOBE NEWSWIRE) — Mondelēz International, Inc. (Nasdaq: MDLZ) today announced the global launch of Toblerone Diamond Truffles with Biscoff^®, a new collaboration that brings together two of the world’s most iconic snacking brands. The partnership with Lotus Bakeries, the maker of Biscoff^®, marks a new chapter in Toblerone’s premium chocolate evolution and its commitment to delivering innovative, indulgent experiences.

As premium chocolate continues to outpace growth across the broader confectionery category, Toblerone Diamond Truffles with Biscoff^® meet rising consumer demand for unexpected, elevated flavor combinations. It is a natural next step for a brand that has never been square.

Each diamond-shaped truffle is individually crafted from smooth Toblerone milk chocolate, filled with rich Biscoff^® spread, and finished with crunchy honey-almond nougat pieces. The result is the unmistakable caramelized taste and texture of Biscoff^®, elevated by Toblerone’s signature chocolate craftsmanship.

In 2024, Toblerone introduced its distinctive diamond-shaped truffles to the market, marking a bold step beyond the brand’s legendary triangular bar. The launch proved a resounding category success, redefining what consumers expect from premium boxed chocolates. Now, the addition of Biscoff^® takes this innovation further with a partnership set to captivate chocolate lovers worldwide.

“Toblerone has always stood for being never square and celebrating unapologetic indulgence. With our diamond-shaped truffles already proving a category success, combining them with globally loved Biscoff^® was a natural next step,” said Iain Livingston, President, Toblerone & World Travel Retail, Mondelēz International. “People look for surprising combinations of familiar tastes, and this is a collaboration that only two icons could bring to life. We couldn’t be more excited to share it with the world.”

The exclusive Costco partnership represents a landmark moment for Mondelēz International and its Toblerone brand, marking the first time the company has partnered with Costco to launch a product range on a global scale. It is a further testament to the strength of both the Toblerone brand and the universal appeal of Biscoff^®.

“Biscoff^®‘s unique caramelised taste and crunchy texture have become a global phenomenon, loved across cultures and age groups,” said Isabelle Maes, Chief Marketing Officer, Lotus Bakeries. “Partnering with Toblerone, a brand synonymous with quality and indulgence, allows us to bring our iconic Biscoff^® biscuit and spread experience to consumers in an entirely new and exciting format.”

Toblerone Diamond Truffles with Biscoff^® are available in two formats designed for gifting, sharing, or personal indulgence. They can be found in some Costco stores as of now, with more to follow as shelves are filled.

• 495g premium box: An exclusive format launching with Costco across the United States, Canada, Taiwan, Australia, United Kingdom, Spain, France, Sweden, Iceland, and New Zealand.
• 180g sharing box: Available in the United Kingdom, Ireland, Switzerland, and Australia, with additional markets to follow.

About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, CLIF Bar and Tate’s Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit www.mondelezinternational.com or follow the company on X at x.com/MDLZ.

About Toblerone
In 1908, Theodor Tobler and Emil Baumann invented a unique chocolate: Toblerone. “Toblerone” is a portmanteau of “Tobler” and “Torrone,” the Italian term for honey-almond nougat. Its distinctive triangular shape has been recognised around the world ever since. Today, production remains based in Bern Brünnen, where employees work with great passion every day, producing up to 4 million Toblerone products daily, with around 90 percent of all Toblerone sold worldwide manufactured right there in Bern.

Toblerone has never been square. Not in shape. Not in spirit. And not in ambition. Never Square is the belief that the best things in life refuse to conform, and that the most interesting gifts are rarely the obvious ones.

About Biscoff^®
Since 1932, Biscoff^® has been delighting consumers’ taste buds with its delicious caramelised taste and crunchy texture. Originally from Belgium but now loved all over the world, Lotus Biscoff^® cookies were first brought to market by Jan Boone Sr., who created a caramelised cookie using only natural ingredients. This unique recipe and cookie remain the basis of three hero products: the original Lotus^® Biscoff^® cookie, the Lotus^® Biscoff^® sandwich cookie, and the Lotus^® Biscoff^® spread. Whether enjoyed at home, on the go, at the office, or on a flight, Biscoff^® provides everyone around the world with a unique moment to truly enjoy.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any statements of the plans, strategies, and objectives of management; any statements regarding our sustainability strategies, goals, and initiatives; any statements regarding future economic conditions or performance; any statements of belief or expectation; and any statements of assumptions underlying any of the foregoing or other future events. Forward-looking statements may include, among others, the words, and variations of words, “will,” “may,” “expect,” “would,” “could,” “might,” “intend,” “plan,” “believe,” “likely,” “estimate,” “anticipate,” “objective,” “predict,” “project,” “drive,” “seek,” “aim,” “target,” “potential,” “commitment,” “outlook,” “continue,” or any other similar words. These forward-looking statements are subject to change and to inherent risks and uncertainties, many of which are beyond Mondelēz International’s control, which could cause Mondelēz International’s actual results or outcomes to differ materially from those projected or assumed in these forward-looking statements. Please also see Mondelēz International’s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission, including its most recently filed Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. There may be other factors not presently known to Mondelēz International or which it currently considers to be immaterial that could cause Mondelēz International’s actual results to differ materially from those projected in any forward-looking statements it makes. Mondelēz International disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.

Contacts:	Desiree Battaglia	Vicky Kummer	Shep Dunlap
	(Mondelēz Media)	(Toblerone Media)	(Investors)
	1-847-943-4772	+41 79 563 36 63	1-847-943-5454
	news@mdlz.com	vicky.kummer@mdlz.com	ir@mdlz.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/704600a3-88ae-46ec-94bc-a9bfe8bb8a84

• Toblerone Diamond Truffles with Biscoff^® combine smooth Toblerone milk chocolate, rich Biscoff^® spread filling, and crunchy honey-almond nougat pieces in a distinctive diamond shape
• Available in two formats: a 495g premium box exclusive to Costco across ten markets, and a 180g sharing box in select countries
• Marks the first global retail partnership between Mondelēz International and Costco
• Collaboration deepens Toblerone’s premium positioning and reinforces Mondelēz International’s strategy to lead in premium chocolate innovation

CHICAGO, Sept. 22, 2026 (GLOBE NEWSWIRE) — Mondelēz International, Inc. (Nasdaq: MDLZ) today announced the global launch of Toblerone Diamond Truffles with Biscoff^®, a new collaboration that brings together two of the world’s most iconic snacking brands. The partnership with Lotus Bakeries, the maker of Biscoff^®, marks a new chapter in Toblerone’s premium chocolate evolution and its commitment to delivering innovative, indulgent experiences.

As premium chocolate continues to outpace growth across the broader confectionery category, Toblerone Diamond Truffles with Biscoff^® meet rising consumer demand for unexpected, elevated flavor combinations. It is a natural next step for a brand that has never been square.

Each diamond-shaped truffle is individually crafted from smooth Toblerone milk chocolate, filled with rich Biscoff^® spread, and finished with crunchy honey-almond nougat pieces. The result is the unmistakable caramelized taste and texture of Biscoff^®, elevated by Toblerone’s signature chocolate craftsmanship.

In 2024, Toblerone introduced its distinctive diamond-shaped truffles to the market, marking a bold step beyond the brand’s legendary triangular bar. The launch proved a resounding category success, redefining what consumers expect from premium boxed chocolates. Now, the addition of Biscoff^® takes this innovation further with a partnership set to captivate chocolate lovers worldwide.

“Toblerone has always stood for being never square and celebrating unapologetic indulgence. With our diamond-shaped truffles already proving a category success, combining them with globally loved Biscoff^® was a natural next step,” said Iain Livingston, President, Toblerone & World Travel Retail, Mondelēz International. “People look for surprising combinations of familiar tastes, and this is a collaboration that only two icons could bring to life. We couldn’t be more excited to share it with the world.”

The exclusive Costco partnership represents a landmark moment for Mondelēz International and its Toblerone brand, marking the first time the company has partnered with Costco to launch a product range on a global scale. It is a further testament to the strength of both the Toblerone brand and the universal appeal of Biscoff^®.

“Biscoff^®‘s unique caramelised taste and crunchy texture have become a global phenomenon, loved across cultures and age groups,” said Isabelle Maes, Chief Marketing Officer, Lotus Bakeries. “Partnering with Toblerone, a brand synonymous with quality and indulgence, allows us to bring our iconic Biscoff^® biscuit and spread experience to consumers in an entirely new and exciting format.”

Toblerone Diamond Truffles with Biscoff^® are available in two formats designed for gifting, sharing, or personal indulgence. They can be found in some Costco stores as of now, with more to follow as shelves are filled.

• 495g premium box: An exclusive format launching with Costco across the United States, Canada, Taiwan, Australia, United Kingdom, Spain, France, Sweden, Iceland, and New Zealand.
• 180g sharing box: Available in the United Kingdom, Ireland, Switzerland, and Australia, with additional markets to follow.

About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, CLIF Bar and Tate’s Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit www.mondelezinternational.com or follow the company on X at x.com/MDLZ.

About Toblerone
In 1908, Theodor Tobler and Emil Baumann invented a unique chocolate: Toblerone. “Toblerone” is a portmanteau of “Tobler” and “Torrone,” the Italian term for honey-almond nougat. Its distinctive triangular shape has been recognised around the world ever since. Today, production remains based in Bern Brünnen, where employees work with great passion every day, producing up to 4 million Toblerone products daily, with around 90 percent of all Toblerone sold worldwide manufactured right there in Bern.

Toblerone has never been square. Not in shape. Not in spirit. And not in ambition. Never Square is the belief that the best things in life refuse to conform, and that the most interesting gifts are rarely the obvious ones.

About Biscoff^®
Since 1932, Biscoff^® has been delighting consumers’ taste buds with its delicious caramelised taste and crunchy texture. Originally from Belgium but now loved all over the world, Lotus Biscoff^® cookies were first brought to market by Jan Boone Sr., who created a caramelised cookie using only natural ingredients. This unique recipe and cookie remain the basis of three hero products: the original Lotus^® Biscoff^® cookie, the Lotus^® Biscoff^® sandwich cookie, and the Lotus^® Biscoff^® spread. Whether enjoyed at home, on the go, at the office, or on a flight, Biscoff^® provides everyone around the world with a unique moment to truly enjoy.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any statements of the plans, strategies, and objectives of management; any statements regarding our sustainability strategies, goals, and initiatives; any statements regarding future economic conditions or performance; any statements of belief or expectation; and any statements of assumptions underlying any of the foregoing or other future events. Forward-looking statements may include, among others, the words, and variations of words, “will,” “may,” “expect,” “would,” “could,” “might,” “intend,” “plan,” “believe,” “likely,” “estimate,” “anticipate,” “objective,” “predict,” “project,” “drive,” “seek,” “aim,” “target,” “potential,” “commitment,” “outlook,” “continue,” or any other similar words. These forward-looking statements are subject to change and to inherent risks and uncertainties, many of which are beyond Mondelēz International’s control, which could cause Mondelēz International’s actual results or outcomes to differ materially from those projected or assumed in these forward-looking statements. Please also see Mondelēz International’s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission, including its most recently filed Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. There may be other factors not presently known to Mondelēz International or which it currently considers to be immaterial that could cause Mondelēz International’s actual results to differ materially from those projected in any forward-looking statements it makes. Mondelēz International disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.

Contacts:	Desiree Battaglia	Vicky Kummer	Shep Dunlap
	(Mondelēz Media)	(Toblerone Media)	(Investors)
	1-847-943-4772	+41 79 563 36 63	1-847-943-5454
	news@mdlz.com	vicky.kummer@mdlz.com	ir@mdlz.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/704600a3-88ae-46ec-94bc-a9bfe8bb8a84

Award-winning educational series helps media teams turn convergence into performance, leveraging expertise from Tastemade, Omnicom Media and A+E

NEW YORK, Sept. 22, 2026 (GLOBE NEWSWIRE) — Nexxen, the advertising technology platform powered by unique data and media, announced today a new module from its flagship education initiative, Nexxen U. The module – Data for the Converged Media World – is designed to demystify complicated data concepts for brands and media buyers navigating converged linear, Connected TV (“CTV”) and digital video planning.

First launched in January 2025, Nexxen U provides foundational training to media professionals, supporting them as they navigate the complexities of our converged industry, like siloed planning and disparate measurement frameworks. The program’s first two modules – The Converged Landscape and Converged Media Planning and Activation – delivered course completion rates that exceeded typical benchmarks for industry training programs by +25%, featuring expert-led sessions from across the buy and sell sides. Given this success, Nexxen U won two Convergent TV Awards and was shortlisted at the Digiday Content Marketing Awards in 2026.

“Nexxen U is an informative and thorough resource full of valuable context for the ever-changing space of video advertising, all provided in a concise and direct manner,” said James Ferguson, SVP, Digital Solutions & Partnerships, Active International. “As linear and streaming continue to converge, Nexxen is providing the tools to ensure media planners and buyers are making informed decisions about where and how to place their ad dollars.”

Now, Data for the Converged Media World aims to translate data literacy into stronger converged campaign performance for students, with sessions taught by leaders at Tastemade, Omnicom Media and A+E.

“The most effective buyers understand how data works on both sides of the transaction,” said Joseph Lerner, VP, Programmatic, A+E Global Media. “Nexxen U helps buyers see how data works from the publisher’s perspective, giving them the context to use audience signals more strategically and effectively across campaigns.”

“Marketers have access to more data than ever, but having data and knowing how to use it are two very different things,” said Kristin Eardley, Head of Programmatic and Revenue Partnerships, Tastemade. “Nexxen U helps marketers better understand the signals behind their campaigns so they can reach the right audiences, make smarter decisions and ultimately drive better results.”

“Nexxen U was built to meet the moment, when more teams than ever are being asked to plan holistically across linear, streaming and digital,” said Kara Puccinelli, Chief Commercial Officer, Nexxen. “This latest module is helping brands and buyers move beyond terminology and into application, so data can become a competitive advantage in how they build audiences, connect channels and prove outcomes.”

Data for the Converged Media World is available now on Nexxen U.

About Nexxen

Nexxen is the advertising technology platform that delivers full-funnel performance powered by unique data and media. Comprised of a demand-side platform (“DSP”) and supply-side platform (“SSP”), with the Nexxen Data Platform at its core, we meet the demands of today’s converging media landscape with exclusive audience intelligence, automation and expertise.

Headquartered in Israel, Nexxen maintains offices throughout North America, Europe and Asia-Pacific and is traded on Nasdaq (NEXN). For more information, please visit nexxen.com.

Forward-Looking Statements  

This press release contains forward-looking statements, including forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Forward-looking statements are identified by words such as “anticipates,” “believes,” “expects,” “intends,” “may,” “can,” “will,” “estimates,” and other similar expressions. However, these words are not the only way Nexxen identifies forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the Nexxen U courses as well as any benefits associated with any of the Nexxen U courses or Nexxen’s products and platforms. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause Nexxen’s actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements, including, but not limited to, the following: negative global economic conditions, including risks related to tariff impacts or policy shifts that could materially affect market sentiment, consumer behavior and advertising demand;  global and local economic and geopolitical forces and unrest, including the war involving the United States, Israel and Iran, the war and hostilities involving Israel, Hamas, Hezbollah, and Yemen and the Ukraine/Russia war, and how those conditions may adversely impact Nexxen’s business, customers, and the markets in which Nexxen competes. Nexxen cautions you not to place undue reliance on these forward-looking statements. For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company’s most recent Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission (SEC.gov) on March 4, 2026. Any forward-looking statements made by Nexxen in this press release speak only as of the date of this press release, and Nexxen does not intend to update these forward-looking statements after the date of this press release, except as required by law.

For more information, please contact:         
Genevieve Wheeler        
Director, Communications        
gwheeler@nexxen.com

Award-winning educational series helps media teams turn convergence into performance, leveraging expertise from Tastemade, Omnicom Media and A+E

NEW YORK, Sept. 22, 2026 (GLOBE NEWSWIRE) — Nexxen, the advertising technology platform powered by unique data and media, announced today a new module from its flagship education initiative, Nexxen U. The module – Data for the Converged Media World – is designed to demystify complicated data concepts for brands and media buyers navigating converged linear, Connected TV (“CTV”) and digital video planning.

First launched in January 2025, Nexxen U provides foundational training to media professionals, supporting them as they navigate the complexities of our converged industry, like siloed planning and disparate measurement frameworks. The program’s first two modules – The Converged Landscape and Converged Media Planning and Activation – delivered course completion rates that exceeded typical benchmarks for industry training programs by +25%, featuring expert-led sessions from across the buy and sell sides. Given this success, Nexxen U won two Convergent TV Awards and was shortlisted at the Digiday Content Marketing Awards in 2026.

“Nexxen U is an informative and thorough resource full of valuable context for the ever-changing space of video advertising, all provided in a concise and direct manner,” said James Ferguson, SVP, Digital Solutions & Partnerships, Active International. “As linear and streaming continue to converge, Nexxen is providing the tools to ensure media planners and buyers are making informed decisions about where and how to place their ad dollars.”

Now, Data for the Converged Media World aims to translate data literacy into stronger converged campaign performance for students, with sessions taught by leaders at Tastemade, Omnicom Media and A+E.

“The most effective buyers understand how data works on both sides of the transaction,” said Joseph Lerner, VP, Programmatic, A+E Global Media. “Nexxen U helps buyers see how data works from the publisher’s perspective, giving them the context to use audience signals more strategically and effectively across campaigns.”

“Marketers have access to more data than ever, but having data and knowing how to use it are two very different things,” said Kristin Eardley, Head of Programmatic and Revenue Partnerships, Tastemade. “Nexxen U helps marketers better understand the signals behind their campaigns so they can reach the right audiences, make smarter decisions and ultimately drive better results.”

“Nexxen U was built to meet the moment, when more teams than ever are being asked to plan holistically across linear, streaming and digital,” said Kara Puccinelli, Chief Commercial Officer, Nexxen. “This latest module is helping brands and buyers move beyond terminology and into application, so data can become a competitive advantage in how they build audiences, connect channels and prove outcomes.”

Data for the Converged Media World is available now on Nexxen U.

About Nexxen

Nexxen is the advertising technology platform that delivers full-funnel performance powered by unique data and media. Comprised of a demand-side platform (“DSP”) and supply-side platform (“SSP”), with the Nexxen Data Platform at its core, we meet the demands of today’s converging media landscape with exclusive audience intelligence, automation and expertise.

Headquartered in Israel, Nexxen maintains offices throughout North America, Europe and Asia-Pacific and is traded on Nasdaq (NEXN). For more information, please visit nexxen.com.

Forward-Looking Statements  

This press release contains forward-looking statements, including forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Forward-looking statements are identified by words such as “anticipates,” “believes,” “expects,” “intends,” “may,” “can,” “will,” “estimates,” and other similar expressions. However, these words are not the only way Nexxen identifies forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the Nexxen U courses as well as any benefits associated with any of the Nexxen U courses or Nexxen’s products and platforms. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause Nexxen’s actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements, including, but not limited to, the following: negative global economic conditions, including risks related to tariff impacts or policy shifts that could materially affect market sentiment, consumer behavior and advertising demand;  global and local economic and geopolitical forces and unrest, including the war involving the United States, Israel and Iran, the war and hostilities involving Israel, Hamas, Hezbollah, and Yemen and the Ukraine/Russia war, and how those conditions may adversely impact Nexxen’s business, customers, and the markets in which Nexxen competes. Nexxen cautions you not to place undue reliance on these forward-looking statements. For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company’s most recent Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission (SEC.gov) on March 4, 2026. Any forward-looking statements made by Nexxen in this press release speak only as of the date of this press release, and Nexxen does not intend to update these forward-looking statements after the date of this press release, except as required by law.

For more information, please contact:         
Genevieve Wheeler        
Director, Communications        
gwheeler@nexxen.com

Octopus Future Generations VCT plc

Half-Yearly Report

Octopus Future Generations VCT plc (‘Future Generations VCT’ or the ‘Company’) is supporting businesses that address the most significant challenges shaping the markets of the future.

The Company is managed by Octopus AIF Management Limited (the ‘Manager’), which has delegated investment management to Octopus Investments Limited (‘Octopus’ or the ‘Portfolio Manager’) via its investment team Octopus Ventures.

The Company today announces the half-yearly report for the six months to 30 June 2026.

Key Financials

	Six months to 30 June 2026	Six months to 30 June 2025	Year ended 31 December 2025
Net assets (£’000)	£53,381	£52,613	£48,379
Profit/(loss) after tax (£’000)	£2,126	£(261)	£(1,352)
NAV per share1	84.4p	88.4p	81.0p
Total value per share	90.0p	88.4p	86.6p
Total return per share2	3.4p	(0.5)p	(2.2)p
Total return per share %3	4.2%	(0.5)%	(2.5)%
Dividends paid in the year	Nil	N/A	5.6p
Dividend yield %	0.0%	N/A	6.3%
Dividends declared	0.9p	N/A	Nil

1. Net asset value (NAV) per share is an alternative performance measure.
2. Total return per share is an alternative performance measure, calculated as movement in NAV per share in the period plus dividends paid in the period.
3. Total return % is an alternative performance measure, calculated as total return/opening NAV.

Chair’s statement

Key financials

• Total net assets: £53.4 million
• Net Asset Value (NAV) per share: 84.4p
• Dividend declared: 0.9p

I am pleased to present the unaudited half-yearly report and accounts for the Company for the six months ended 30 June 2026.

The NAV per share at 30 June 2026 was 84.4p, representing an increase of 3.4p per share since 31 December 2025 and a total return of 4.2% for the six-month period. Net assets at the period end were £53.4 million.

The increase in NAV during the period is encouraging and reflects positive net valuation movements across parts of the portfolio, with a number of companies delivering strong commercial and technical progress or completing funding rounds during the period. Other companies continue to navigate more challenging operating and fundraising conditions.

As a relatively young VCT, many of the Company’s investments remain at an early stage of development, where progress can be uneven and valuations can fluctuate between reporting periods. The Board therefore continues to take a long-term view of performance as the portfolio develops and matures.

In the six months ended 30 June 2026, the Company invested £2.7 million in five new and follow-on opportunities. The cash balance of £14.3 million as at 30 June 2026 represents 26.7% of net assets at that date.

Fundraise
The Company’s offer for subscription, launched in February 2026, raised £2.9 million. We would like to welcome new shareholders to the Company and thank all shareholders for their continued support.

Since the period end, the Board has reopened the offer for subscription to provide existing and new investors with a further opportunity to invest in the Company.

The Board continues to consider the appropriate level of fundraising alongside the Company’s investment pipeline and liquidity requirements. The reduction in upfront income tax relief available on new VCT subscriptions from 30% to 20% took effect from 6 April 2026, and the Board will continue to monitor the impact of this change on investor demand across the VCT market.

Dividend
I am pleased to confirm that the Board has decided to declare the Company’s first interim dividend of 0.9p per share, equivalent to approximately 1.1% of the Company’s opening NAV per share at 31 December 2025. The dividend will be payable on 7 December 2026 to shareholders on the register on 20 November 2026.

This represents an important milestone in the Company’s development and the first regular distribution under the dividend policy adopted by the Board and announced on 7 September 2026. As set out in that policy, the Board’s long-term ambition is to target a regular annual dividend equivalent to approximately 5% of opening NAV per share as the Company’s portfolio matures, with distributions expected to build progressively over time.

The Board currently intends to declare a further interim dividend alongside the publication of the Company’s NAV as at 31 December 2026, expected in March 2027. This interim dividend and any further dividend will remain subject to the Board’s assessment at that time of the Company’s available cash resources, distributable reserves, investment opportunities and the long-term interests of shareholders. The level and timing of any dividend will remain entirely at the discretion of the Board.

Shareholders who have elected to participate in the Dividend Reinvestment Scheme will receive their dividend in the form of new Future Generations VCT shares in accordance with the terms of the scheme.

VCT qualification
Shoosmiths LLP provides the Board and Portfolio Manager with advice concerning ongoing compliance with His Majesty’s Revenue & Customs (HMRC) rules and regulations concerning VCTs. The Board has been advised that Future Generations VCT is complying with the conditions set by HMRC for maintaining approval as a VCT. A key requirement is to maintain at least an 80% qualifying investment level. As at 30 June 2026, 91% of the portfolio, as measured by HMRC rules, was invested in VCT qualifying investments.

Principal risks and uncertainties
The Board continues to review the risk environment in which the Company operates on a regular basis. There have been no significant changes to the principal risks and uncertainties described on pages 33 to 36 of the Annual Report for the year ended 31 December 2025.

The factors underpinning a number of these risks remain relevant. Geopolitical and economic uncertainty continued during the period, while conditions for private company fundraising and exits remained selective. These factors can affect the availability and cost of capital for portfolio companies, the timing of potential realisations and the valuations applied to early-stage investments.

The Board and Portfolio Manager continue to monitor these risks closely, together with company-specific trading performance and cash requirements across the portfolio.

Portfolio Manager and team
As set out in the Annual Report, the appointment of Luke Edis as Lead Fund Manager and the establishment of a dedicated Future Generations VCT investment team marked an important step in the Company’s development. The team are focused on building a distinctive pipeline of new opportunities for the Company, alongside strengthening portfolio oversight and maintaining discipline around capital allocation.

During the period, the Company completed new investments in Greenpixie and geoSurge. These were the first new investments made specifically for Future Generations VCT without co-investment from another Octopus-managed fund, marking an important milestone in the development of the Company’s dedicated investment pipeline.

This builds on the approach outlined in the Annual Report. In its early years, Future Generations VCT benefited from co-investing alongside other Octopus-managed funds, helping it to establish a diversified portfolio efficiently. As the Company has developed, the dedicated investment team has increasingly been able to originate and execute investments independently and make investment decisions tailored specifically to the objectives of Future Generations VCT.

This does not mean that the Company will invest only on a standalone basis. Future Generations VCT continues to benefit from being part of the wider Octopus Ventures platform and may invest alongside other Octopus-managed funds where an opportunity is suitable for the Company. This provides the dedicated team with access to a broad pipeline of potential investments, specialist expertise and networks, as well as the ability to support companies through multiple funding rounds where appropriate.

Outlook
The increase in NAV over the six-month period is encouraging, particularly against a market environment which remains challenging for early-stage businesses. The Board remains mindful that short-term fluctuations are an inherent feature of venture capital investing and that many of the companies within the portfolio remain at an early stage of their development.

Looking ahead, the Board is also encouraged by the progress being made across the portfolio and by the development of an independent investment pipeline under the dedicated Future Generations VCT team. The focus for the remainder of the year will remain on disciplined capital allocation, supporting the existing portfolio and selectively pursuing new investment opportunities with the potential to create long-term value for shareholders.

I would like to conclude by thanking my Board colleagues and the Octopus team on behalf of all shareholders for their continued hard work. The Board’s long-term view of the opportunities within early-stage venture capital remains positive, and we look forward to seeing the Company continue to develop.

Helen Sinclair
Chair
22 September 2026

Portfolio Manager’s review

Portfolio composition at 30 June 2026

	By number of companies	By portfolio value
Revitalising healthcare	19	£19.0m
Empowering people	14	£15.5m
Building a sustainable planet	7	£4.3m

Focus on performance
The NAV per share at 30 June 2026 was 84.4p, compared with 81.0p at 31 December 2025, representing a total return of 4.2% for the six-month period.

The increase in NAV was principally driven by positive net valuation movements across the investment portfolio. During the period, 17 companies delivered a collective increase in value of £5.0 million. The largest positive contributors were Manual (trading as Voy), RemoFirst and Intrinsic. These businesses continued to make good progress through revenue growth, commercial and technical development, and the achievement of important milestones.

These gains were partially offset by downward valuation movements across 13 companies, which collectively reduced the value of the portfolio by £2.4 million. The largest negative contributors included Cerebral, Kita and Swiipr. The reasons for these movements varied by company, reflecting company-specific performance, funding requirements and the valuation methodologies applied at the period end.

Overall, these movements resulted in a net valuation increase of £2.6 million across the portfolio during the six-month period. Positive valuation movements were seen across a greater number of companies than negative movements, while several of the strongest performers were also among the Company’s larger holdings and therefore had a greater influence on overall portfolio performance.

The portfolio continued to operate against a mixed market backdrop during the period. While venture investment showed signs of improvement, fundraising conditions remained selective, with capital increasingly concentrated in companies demonstrating strong growth and clear differentiation. This continued to create a varied environment for early-stage businesses seeking further funding.

Performance across an early-stage portfolio will inevitably vary between individual companies and reporting periods. While the overall increase in value during the period is encouraging, we continue to take a long-term view of performance and focus on the underlying progress and prospects of each business. As the portfolio develops, a number of the Company’s more established holdings are beginning to demonstrate stronger commercial progress. While it remains too early to draw conclusions from any single reporting period, this provides some encouraging evidence of the potential for value creation as portfolio companies mature.

At 30 June 2026, the investment portfolio was valued at £38.8 million, with cash and cash equivalents of £14.3 million.

The return on Future Generations VCT’s uninvested cash reserves was £0.3 million in the six months to 30 June 2026 (twelve months to 31 December 2025: £0.8 million), driven by returns on money market funds. The Board’s objective for these investments is to generate sufficient returns through the cycle to cover costs, with limited risk to capital.

Disposals

During the six months to 30 June 2026, the Company completed two portfolio disposals and received further deferred proceeds from a previous exit.

In March, Inflow was acquired by Cerebral, a US-based mental healthcare provider. The transaction was completed through an exchange of shares, meaning the Company received shares in Cerebral in place of its holding in Inflow. Cerebral’s scale and US distribution infrastructure provide an opportunity for the combined business to reach a broader customer base. Also in March, the Company exited its investment in Elo Health, with no capital returned.

During the period, the Company also received deferred proceeds relating to the 2024 sale of Cobee. Since the period end, the Company has also received consideration relating to the disposals of Correcto and Pivotal.

Overview of investments

During the six months to 30 June 2026, the Company invested £2.7 million, comprising £2.0 million across two new investments and £0.7 million across three follow-on investments.

The development of a dedicated investment team and independent pipeline for Future Generations VCT has broadened the opportunity set available to the Company as the portfolio matures. During the period, the Company completed its first two new investments without co-investment from another Octopus-managed fund.

Future Generations VCT invested £1.0 million in Greenpixie’s £4.7 million Pre-Series A round and invested £1.0 million in geoSurge’s £9.5m Series A round.

These investments demonstrate the progress being made in building a pipeline specifically for Future Generations VCT. The team will continue to assess new opportunities alongside selective follow-on investment into existing portfolio companies where there is a compelling case for further capital.

Greenpixie
Helping the world’s largest organisations reduce cloud costs and carbon emissions.

What it does
Greenpixie helps large organisations make their cloud infrastructure more efficient, identifying opportunities to reduce energy use, carbon emissions and unnecessary spend. Already working with global enterprises including Mastercard, it is expanding through partnerships with major industry participants within financial operations (FinOps).

Why we invested
As AI drives greater cloud usage, businesses face increasing pressure to manage both the cost and environmental impact of their computing infrastructure. Greenpixie operates in a growing market and its proprietary technology and FinOps partnerships provide a scalable route to serving large global organisations.

geoSurge
Helping businesses become discoverable in the age of AI search.

What it does
geoSurge helps businesses understand and improve how their brands appear across leading AI models. Its platform combines analytics, AI-optimised content and proprietary technology to increase the likelihood of brands being recommended in AI-generated answers.

Why we invested
AI is changing how customers discover products and services, creating a new category of business software. Despite being founded in 2025, geoSurge has already attracted external investment alongside Future Generations VCT. One of its founders previously helped build Zilch, providing relevant experience of building and scaling a high-growth technology business.

Valuations

Future Generations VCT’s unquoted portfolio companies are valued in accordance with UK GAAP accounting standards and the International Private Equity and Venture Capital (IPEV) valuation guidelines.

This means we value the portfolio at fair value, which is the price we expect people would be willing to buy or sell an asset for, assuming they had all the information available that we do, are knowledgeable parties with no pre-existing relationship, and that the transaction is carried out under the normal course of business.

‘External price’ includes valuations based on funding rounds that are typically completed by, or shortly after, the period end, and exits of companies where terms have been issued with an acquirer. ‘Multiples’ is predominantly used for valuations that are based on a multiple of revenues for portfolio companies. Where there is uncertainty around the potential outcomes available to a company, a probability-weighted ‘scenario analysis’ is considered.

‘Milestone analysis’ is used for very early-stage investments that are not yet generating revenue. The initial value is estimated by starting with the price from the most recent funding round. This is then adjusted based on the company’s progress against qualitative milestones, such as product development, customer growth, or regulatory approvals, to reflect any increase or decrease in value.

	Valuation methodology by value	Valuation methodology by number of companies
External Price	37%	11
Multiples	29%	4
Milestone analysis	28%	10
Scenario analysis	6%	10
Write off	–	5

Top ten investments
Here, we set out the cost and valuation of the top ten holdings, which account for over 64% of the value of the portfolio.

Portfolio	Investment theme	Investment cost	Valuation at 30 June 2026
1 Voy1	Revitalising healthcare	£0.9m	£4.7m
2 RemoFirst	Empowering people	£1.4m	£3.6m
3 CoMind	Revitalising healthcare	£2.8m	£3.5m
4 Intrinsic	Empowering people	£1.5m	£2.6m
5 Infinitopes	Revitalising healthcare	£2.3m	£1.9m
6 Neat	Building a sustainable planet	£0.6m	£1.9m
7 HelloSelf	Revitalising healthcare	£2.6m	£1.6m
8 Phlux	Empowering people	£1.2m	£1.6m
9 Ufonia	Revitalising healthcare	£1.1m	£1.6m
10 Apheris	Empowering people	£1.5m	£1.6m

1. Menwell Limited (trading as Voy, formerly Manual)

Outlook
The progress made across parts of the portfolio during the first half of the year is encouraging, although the environment for early-stage companies remains selective. Capital continues to be available for businesses demonstrating strong growth and clear differentiation, but fundraising conditions remain challenging for companies that are not meeting their commercial milestones.

Against this backdrop, we will continue to take a disciplined approach to deploying the Company’s capital. Our focus is on supporting existing portfolio companies where we believe further investment can create long-term value, while continuing to build the independent pipeline of new opportunities for Future Generations VCT.

AI is increasingly influencing both the opportunities we are seeing and the markets in which our portfolio companies operate. This includes businesses where AI sits at the heart of the product, as well as companies benefiting from the broader second-order effects of AI adoption, including in areas such as energy and infrastructure, search and discovery, data, cyber security and more. Greenpixie and geoSurge demonstrate the breadth of opportunities emerging from these changes, while rapid technological development also creates competitive and execution risks that we consider carefully when assessing investments.

Our priority for the remainder of the year is to remain selective in how we deploy capital, work closely with portfolio companies to support their development, and continue to identify businesses that we believe have the potential to generate long-term value for shareholders.

Luke Edis
Lead Fund Manager
Octopus Future Generations VCT
22 September 2026

Directors’ responsibilities statement

The Directors confirm that to the best of their knowledge:

• the half-yearly financial statements have been prepared in accordance with ‘Financial Reporting Standard 104: Interim Financial Reporting’ issued by the Financial Reporting Council;
• the half-yearly financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company; and
• the half-yearly report includes a fair review of the information required by the Financial Conduct Authority Disclosure Guidance and Transparency Rules, being:
  • we have disclosed an indication of the important events that have occurred during the first six months of the financial year and their impact on the condensed set of financial statements;
  • we have disclosed a description of the principal risks and uncertainties for the remaining six months of the period; and
  • we have disclosed a description of related party transactions that have taken place in the first six months of the current financial year, that may have materially affected the financial position or performance of the Company during that period and any changes in the related party transactions described in the last annual report that could do so.

By Order of the Board

Helen Sinclair
Chair
22 September 2026

Income statement

	Unaudited			Unaudited			Audited
	Six months to 30 June 2026			Six months to 30 June 2025			Year ended 31 December 2025
	Revenue £’000	Capital £’000	Total £’000	Revenue £’000	Capital £’000	Total £’000	Revenue £’000	Capital £’000	Total £’000
Gain/(loss) on disposal of fixed asset investments	–	47	47	–	(17)	(17)	–	(28)	(28)
Gain/(loss) on valuation of fixed asset investments	–	2,614	2,614	–	93	93	–	(588)	(588)
Investment management fees	(124)	(370)	(494)	(125)	(375)	(500)	(241)	(723)	(964)
Investment income	263	–	263	458	–	458	813	–	813
Other expenses	(304)	–	(304)	(295)	–	(295)	(585)	–	(585)
Profit/(loss) before tax	(165)	2,291	2,126	38	(299)	(261)	(13)	(1,339)	(1,352)
Tax	–	–	–	–	–	–	–	–	–
Profit/(loss) after tax	(165)	2,291	2,126	38	(299)	(261)	(13)	(1,339)	(1,352)
Earnings per share – basic and diluted	(0.2)p	3.7p	3.5p	0.1p	(0.6)p	(0.5)p	0.0p	(2.3)p	(2.3)p

• The ‘Total’ column of this statement is the profit and loss account of Future Generations VCT; the supplementary revenue return and capital return columns have been prepared under guidance published by the Association of Investment Companies.
• All revenue and capital items in the above statement derive from continuing operations.
• Future Generations VCT has only one class of business and derives its income from investments made in shares and securities, and from bank and money market funds. Future Generations VCT has no other comprehensive income for the period.

The accompanying notes form an integral part of the financial statements.

Balance sheet

	Unaudited		Unaudited		Audited
	As at 30 June 2026		As at 30 June 2025		As at 31 December 2025
	(£’000)	(£’000)	(£’000)	(£’000)	(£’000)	(£’000)
Fixed asset investments		38,848		31,319		33,524
Current assets:
Debtors	366		609		638
Cash at bank	100		101		100
Money market funds	14,164		20,686		14,233
		14,630		21,396		14,971
Creditors: amounts falling due within one year	(97)		(102)		(116)
Net current assets		14,533		21,294		14,855
Net assets		53,381		52,613		48,379
Share capital		63		60		60
Share premium		8,008		4,945		5,135
Special distributable reserve		48,521		51,854		48,521
Capital reserve realised		(4,293)		(720)		(2,713)
Capital reserve unrealised		1,391		(3,433)		(2,480)
Revenue reserve		(309)		(93)		(144)
Total equity shareholders’ funds		53,381		52,613		48,379
Net asset value per share		84.4p		88.4p		81.0p

The accompanying notes form an integral part of the financial statements.

The statements were approved by the Directors and authorised for issue on 22 September 2026 and are signed on their behalf by:

Helen Sinclair
Chair
Company Number: 13750143

Statement of changes in equity

	Share capital £’000	Share premium £’000	Special distributable reserve¹ £’000	Capital reserve realised¹ £’000	Capital reserve unrealised¹ £’000	Revenue reserve¹ £’000	Total £’000
As at 1 January 2026	60	5,135	48,521	(2,713)	(2,480)	(144)	48,379
Comprehensive income for the period:
Management fees allocated as capital expenditure	–	–	–	(370)	–	–	(370)
Net gain on disposal of fixed asset investments	–	–	–	47	–	–	47
Net gain on fair value of fixed asset investments	–	–	–	–	2,614	–	2,614
Loss after tax	–	–	–	–	–	(165)	(165)
Total comprehensive income for the period	–	–	–	(323)	2,614	(165)	2,126
Contributions by and distributions to owners:
Shares issued	3	2,890	–	–	–	–	2,893
Share issue costs	–	(17)	–	–	–	–	(17)
Total contributions by and distributions to owners	3	2,873	–	–	–	–	2,876
Other movements:
Prior year fixed asset gains/(losses) now realised	–	–	–	(1,257)	1,257	–	–
Total other movements	–	–	–	(1,257)	1,257	–	–
Balance as at 30 June 2026	63	8,008	48,521	(4,293)	1,391	(309)	53,381

1. Included within these reserves is an amount of £43,919,000 which is considered distributable to shareholders under Companies Act rules. The Income Taxes Act 2007 restricts distribution of capital from reserves created by the conversion of the share premium account into a special distributable reserve until the third anniversary of the share allotment that led to the creation of that part of the share premium account. As at 30 June 2026, £43,301,000 of the special reserve is distributable under this restriction.

The accompanying notes form an integral part of the financial statements.

	Share capital £’000	Share premium £’000	Special distributable reserve1 £’000	Capital reserve realised1 £’000	Capital reserve unrealised1 £’000	Revenue Reserve1 £’000	Total £’000
As at 1 January 2025	54	51,854	–	(328)	(3,526)	(131)	47,923
Comprehensive income for the period:
Management fees allocated as capital expenditure	–	–	–	(375)	–	–	(375)
Net loss on disposal of fixed asset investments	–	–	–	(17)	–	–	(17)
Net gain on fair value of fixed asset investments	–	–	–	–	93	–	93
Profit after tax	–	–	–	–	–	38	38
Total comprehensive income for the period	–	–	–	(392)	93	38	(261)
Contributions by and distributions to owners:
Shares issued	6	4,963	–	–	–	–	4,969
Share issue costs	–	(18)	–	–	–	–	(18)
Total contributions by and distributions to owners	6	4,945	–	–	–	–	4,951
Other movements:
Share premium cancellation	–	(51,854)	51,854	–	–	–	–
Total other movements	–	(51,854)	51,854	–	–	–	–
Balance as at 30 June 2025	60	4,945	51,854	(720)	(3,433)	(93)	52,613

1. Reserves are available for distribution.

The accompanying notes form an integral part of the financial statements.

	Share capital £’000	Share premium £’000	Special distributable reserve1 £’000	Capital reserve realised1 £’000	Capital reserve unrealised £’000	Revenue reserve1 £’000	Total £’000
As at 1 January 2025	54	51,854	–	(328)	(3,526)	(131)	47,923
Comprehensive income for the year:
Management fees allocated as capital expenditure	–	–	–	(723)	–	–	(723)
Loss on disposal of fixed asset investments	–	–	–	(28)	–	–	(28)
Net loss on fair value of fixed asset investments	–	–	–	–	(588)	–	(588)
Loss after tax	–	–	–	–	–	(13)	(13)
Total comprehensive loss for the year	–	–	–	(751)	(588)	(13)	(1,352)
Contributions by and distributions to owners:
Shares issue (includes DRIS)	6	5,153	–	–	–	–	5,159
Share issue costs	–	(18)	–	–	–	–	(18)
Dividends paid (includes DRIS)	–	–	(3,333)	–	–	–	(3,333)
Total contributions by and distributions to owners	6	5,135	(3,333)	–	–	–	1,808
Other movements:
Share premium cancellation	–	(51,854)	51,854	–	–	–	–
Prior year fixed asset loss unrealised	–	–	–	–	–	–	–
Transfer between reserves	–	–	–	(1,634)	1,634	–	–
Total other movements	–	(51,854)	51,854	(1,634)	1,634	–	–
Balance as at 31 December 2025	60	5,135	48,521	(2,713)	(2,480)	(144)	48,379

1. Included within these reserves is an amount of £43,184,000 (2024: £nil) which is considered distributable to shareholders under Companies Act rules. The Income Taxes Act 2007 restricts distribution of capital from reserves created by the conversion of the share premium account into a special distributable reserve until the third anniversary of the share allotment that led to the creation of that part of the share premium account. As at 31 December 2025, £28,430,000 (2024: £nil) of the special reserve is distributable under this restriction.

The accompanying notes form an integral part of the financial statements.

Cash flow statement

	Unaudited     Six months to 30 June 2026	Unaudited    Six months to 30 June 2025	Audited                Year to                             31 December 2025
	£’000	£’000	£’000
Cash flows from operating activities
Profit/(loss) before tax	2,126	(261)	(1,352)
Decrease/(increase) in debtors	173	(50)	(91)
(Decrease)/increase in creditors	(19)	6	20
(Gain)/loss on disposal of fixed asset investments	(47)	17	28
(Gain)/loss on valuation of fixed asset investments	(2,614)	(93)	588
Outflow from operating activities	(381)	(381)	(807)
Cash flows from investing activities
Purchase of fixed asset investments	(2,710)	(4,457)	(7,343)
Sale of fixed asset investments	146	590	590
Outflow from investing activities	(2,564)	(3,867)	(6,753)
Cash flows from financing activities
Movement in applications account	–	(100)	(100)
Dividend paid (net of DRIS)	–	–	(3,141)
Proceeds from share issues (net of DRIS)	2,893	4,969	4,968
Share issue costs	(17)	(18)	(18)
Inflow from financing activities	2,876	4,851	1,709
(Decrease)/increase in cash and cash equivalents	(69)	603	(5,851)
Opening cash and cash equivalents	14,333	20,184	20,184
Closing cash and cash equivalents	14,264	20,787	14,333
Cash and cash equivalents comprise
Cash at bank	100	101	100
Money market funds	14,164	20,686	14,233
Closing cash and cash equivalents	14,264	20,787	14,333

The accompanying notes form an integral part of the financial statements.

Condensed notes to the financial report

1. Basis of preparation
The unaudited results which cover the six months to 30 June 2026 have been prepared in accordance with the Financial Reporting Council’s (FRC) Financial Reporting Standard 104 Interim Financial Reporting (January 2022) and the Statement of Recommended Practice (SORP) for Investment Companies re-issued by the Association of Investment Companies in July 2022.

The Directors consider it appropriate to adopt the going concern basis of accounting. The Directors have not identified any material uncertainties to the Company’s ability to continue to adopt the going concern basis over a period of at least twelve months from the date of approval of the financial statements. In reaching this conclusion, the Directors have taken into account the potential impact on the economy including inflation and the recession.

The principal accounting policies have remained unchanged from those set out in the Company’s 2025 Annual Report and Accounts.

2. Publication of non-statutory accounts
The unaudited financial report for the six months ended 30 June 2026 does not constitute statutory accounts within the meaning of s.415 of the Companies Act 2006 and has not been delivered to the Registrar of Companies. The comparative figures for the period ended 31 December 2025 have been extracted from the audited financial statements for that period, which have been delivered to the Registrar of Companies. The independent auditor’s report on those financial statements, in accordance with Chapter 3, Part 16 of the Companies Act 2006, was unqualified. This financial report has not been reviewed by the Company’s auditor.

3. Earnings per share
The earnings per share is based on 61,425,870 Ordinary shares (30 June 2025: 56,631,830, 31 December 2025: 58,147,725) being the weighted average number of shares in issue during the period. There are no potentially dilutive capital instruments in issue and so no diluted returns per share figures are relevant. The basic and diluted earnings per share are therefore identical.

4. Net asset value per share

	30 June 2026	30 June 2025	31 December 2025
Net assets (£’000)	53,381	52,613	48,379
Shares in issue	63,282,656	59,508,123	59,738,204
Net asset value per share (p)	84.4	88.4	81.0

5. Allotments
During the six months to 30 June 2026, 3,544,452 shares were issued at a weighted average price of 83.6p per share (30 June 2025: 5,567,019 shares at a weighted average price of 91.6p per share, 31 December 2025: 5,797,100 shares at a weighted average price of 91.3p per share).

6. Transactions with the Manager and Portfolio Manager
Future Generations VCT is classified as a full-scope Alternative Investment Fund (AIF) under the Alternative Investment Fund Management Directive (AIFMD). Future Generations VCT has appointed Octopus AIF Management Limited to provide the services of an Alternative Investment Fund Manager (AIFM) of a full scope AIF. In accordance with its power to do so under AIFMD, Octopus AIF Management Limited has delegated portfolio management to Octopus Investments Limited, whilst retaining the obligations of a risk manager.

Future Generations VCT paid Octopus AIF Management Limited £494,000 in the period as a management fee (30 June 2025: £500,000, 31 December 2025: £964,000). The annual management charge (AMC) is based on 2% of Future Generations VCT’s NAV. The AMC is payable quarterly in advance and calculated using the latest published NAV of Future Generations VCT and the number of shares in issue at each quarter end. Once the quarter has ended, an adjustment will be made if the NAV at the end of the current quarter is calculated and which differs from the NAV as at the end of the previous quarter.

Octopus also provides Non-Investment Services to Future Generations VCT, payable quarterly in advance. The fee is 0.3% of Future Generations VCT’s NAV, calculated at quarterly intervals. The Non-Investment Services Agreement (NISA) fee is calculated using the latest published NAV of Future Generations VCT and the number of shares in issue at each quarter end. As with the AMC, an adjustment will be made if the NAV calculated at the end of the current quarter differs from the NAV at the end of the previous quarter. During the period, £74,000 was paid to Octopus for Non-Investment Services (30 June 2025: £75,000, 31 December 2025: £152,000).

In addition, Octopus is entitled to performance-related incentive fees, subject to Future Generations VCT’s total return at year end exceeding the total return at the previous year end when an incentive fee was paid or 97p if the first incentive fee has not yet been paid (the ‘Excess’), equal to 20% of the Excess. No performance fee will become payable until cumulative dividends (paid or declared) are equal to or greater than 10p per Ordinary share and the total return exceeds 120p per Ordinary share. An amendment to the performance incentive scheme was agreed in April 2026, whereby any performance incentive fee, once triggered by the conditions referred to above, is payable over three years and is subject to recalculation and partial cancellation if the Company’s NAV declines in the second and/or third years. No performance fee was payable during the period.

The cap relating to Future Generations VCT’s total expense ratio, that is the regular, recurring costs of Future Generations VCT expressed as a percentage of its NAV, above which Octopus has agreed to pay, is 3.0%, and is calculated in accordance with the AIC Guidelines.

7. Related party transactions
Several members of the Octopus investment team hold non-executive directorships as part of their monitoring roles in Future Generations VCT’s portfolio companies, but they have no controlling interests in those companies.

The Directors received the following dividends from Future Generations VCT:

Name	30 June 2026 £	30 June 2025 £	31 December 2025 £
Helen Sinclair	–	N/A	815
Joanna Santinon	–	N/A	4,074
Ajay Chowdhury	–	N/A	–

8. Voting rights and equity management
The following table shows the percentage voting rights held by Future Generations VCT in each of the top ten investments, on a fully diluted basis.

Investment	30 June 2026 % voting rights held by Future Generations VCT
Menwell Limited (t/a Voy, formerly Manual)	0.4%
RemoFirst, Inc.	1.8%
CoMind Technologies Ltd	2.6%
Intrinsic Semiconductor Technologies Ltd	3.9%
Infinitopes Ltd	5.6%
Neat SAS	1.8%
HelloSelf Limited	4.1%
Phlux Technology Ltd	5.6%
Ufonia Ltd	2.0%
Apheris AI GmbH	3.4%

9. Post balance sheet events
The following events occurred between the balance sheet date and the signing of this financial report:

• on 7 September 2026, the Company re-opened its Offer to further applications under the Prospectus published on 2 February 2026;
• a dividend of 0.9p per share was declared on 22 September 2026 and it is to be paid on 7 December 2026; and
• the Company completed the disposals of PearBio and Correcto in August 2026.

10. Half-Yearly Report
The unaudited half-yearly report for the six months ended 30 June 2026 will shortly be available to view at https://octopusinvestments.com/our-products/venture-capital-trusts/octopus-future-generations-vct/

A copy of the half-yearly report will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information please contact:

Ronan Goggin
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067

LEI: 213800AL71Z7N2O58N66