Qbiotics, page-1012

Conviction Life Sciences Company Limited ("CLSC" or the "Company")

Update on IPO

Further to the publication of the prospectus on 16 November 2022 (the "Prospectus"), the Company has decided not to proceed with its initial public offering ("IPO") due to current market uncertainty.

The Board has been encouraged by the interest shown to date, reflecting the Board's opinion of the compelling fundamental characteristics of the proposition. However, market conditions continue to be challenging and the Board, in consultation with the Investment Manager, has made this decision in light of the current outlook.

Any subscription monies received via the Intermediaries Offer or the Offer for Subscription will be returned to investors within 10 Business Days.

https://www.londonstockexchange.com/news-article/market-news/update-on-ipo/15816362