1 September 2023

Tintra plc

("Tintra", the "Group" or the "Company")

Update on Audited Financial Statements

Change of Auditors

The board of directors (the "Board") of Tintra, the rapidly innovating Deep Tech & Banking business, announces that it has decided to change auditor. The relationship with MHA has been a long and healthy one and the agreement to change is driven by availability and timing of audit. 

As set out in the announcement of 31 July 2023, diary conflicts had prevented the preparation of audited accounts in time for the 31 July 2023 deadline. The Company had already at that time been working closely with a regulated third party to support its audit work and has a fully formed Statutory Report ready for audit. 

Our decision to change audit firm is to enable audit completion by the end of September. To achieve that, and having explored options with several firms of auditors, the Company intends to appoint BSS & Co (Accountancy Services) Ltd whose principals are ex-KPMG audit staff.

For auditors of AIM-quoted businesses, the issue of audit scheduling is one that is market-wide due to tighter regulations and less auditors accepting quoted firms. The Company wishes to thank MHA for its excellent service and support, and to thank them for their diligence and assistance in handover to the new firm. 

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