Catenae Innovation PLC

("Catenae" or the "Company")

Temporary Suspension and Update

The Company will not be in a position to complete the audit of the financial statements to 30 September 2021 by 31 March 2022 and has therefore requested the temporary suspension of its shares from trading on AIM, until such time as the audit is complete and audited financial statements have been posted to shareholders, pursuant to AIM Rule 19.

Accordingly, at the request of the Company, the Company's ordinary shares will be suspended from trading on AIM with effect from 7:30 a.m. on Friday 1 April 2022.  The Company will request a restoration of its listing once the Company's audited report and accounts for the year ended 30 September 2021 have been published. The Directors anticipate that the Company will be in a position to publish the audited report and accounts on or around 29 April 2022. A further announcement will be made in due course.

Pursuant to AIM Rule 41, the Company has six months to publish audited accounts for the year ended 30 September 2021 to prevent cancellation of the admission of its ordinary shares to trading on AIM.

Hyperneph Software Limited ("Hyperneph")

A dispute has arisen between the Company and certain of the minority shareholders of Hyperneph in relation to the acquisition of Hyperneph.  As a result, the Company has not issued the new ordinary shares representing part of the consideration for the acquisition nor has the Company made the final cash instalment of £52,500, being part of the £270,000 consideration referred to in the announcement of 4 May 2021.  A further announcement will be made in due course.

Following the acquisition of Hyperneph, the Company is required to produce consolidated audited accounts for the year ended 30 September 2021.

Update on Financial Position

As at 30 September 2021, the Company had unaudited turnover of £25,002 (2020: £14,948) and an unudited loss of £930,804 (2020: £769,186). The unaudited net assets of the Company are £696,753 (2020: £502,427). As at 30 September 2021, the Company had cash resources of £539,842 (2020: £714,043), as of the date of this announcement the Company has cash resources of approximately £350,000, which the directors believe is sufficient for the Company's current working capital needs.

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This announcement contains inside information for the purposes of the UK Market Abuse Regulation. The person who arranged for release of this announcement on behalf of the Company was Guy Meyer, Chief Executive Officer of the Company and the Directors of the Company are responsible for the release of this announcement.

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Notes to Editors:

About Catenae Innovation PLC

Catenae Innovation is an AIM quoted provider of digital media and technology services. Catenae use the power of blockchain to deliver solutions where its people-centric technology enables trust and certainty allowing organisations to gain better control over their operations, manage staff and safely welcome customers.

www.catenaeinnovation.com

Forward-Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.