NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

                                                                                                                                                              9 August 2021

Cindrigo Holdings Limited

('Cindrigo' or the 'Company')

Clarification of 3 August Announcement Concerning

Cancellation of Listing

Cindrigo Holdings Limited (LSE: CINH) wishes to clarify the statement in the announcement dated 3 August 2021 that "the FCA has confirmed" that the cancellation of the Company's listing should be simultaneous with the relisting of the Company's shares and will happen automatically at that time. Although this statement followed a telephone discussion with the Issuer Management department of the FCA and remains the Company's expectation, it should be noted that it was not formal FCA guidance.

As stated on the 3 August, readmission to listing is subject to the approval of the prospectus, the Company meeting the eligibility for listing requirements to the FCA's satisfaction and the Company's application for readmission thereafter being successful, which the Company is not able to guarantee will take place within any particular timeframe or at all.

**ENDS**

For more information visit www.challengeracquisitions.com or enquire to: