Update re: Dev Clever Holdings plc

10 September 2020

Asimilar Group plc

('Asimilar' or the 'Company')

Update re: Dev Clever Holdings plc

Asimilar Group plc (AIM: ASLR), the AIM quoted investing company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT) notes the recent announcement made by Dev Clever Holdings plc ("Dev Clever"), which is listed on the Standard List of the London Stock Exchange, reporting on a significant contract win and providing a trading update for the financial year ending 31 October 2020.

As announced on 1 September 2020 and 3 September 2020, Intrinsic Capital (Jersey) Limited ("ICJL") is a wholly owned subsidiary of Asimilar and holds 20,000,000 Dev Clever shares, representing 4.25% of Dev Clever's issued share capital. In addition, ICJL has a right to subscribe for up to a further 80,000,000 ordinary shares in Dev Clever at a price of 10 pence per Dev Clever share and, following the exercise of all of these subscription rights, ICJL will be entitled to exercise a warrant to subscribe for up to 50,000,000 additional Dev Clever shares at a price of 25 pence.

The Dev Clever announcement can be viewed in full in the link below:

https://www.londonstockexchange.com/news-article/DEV/trading-update-and-new-contract/14680919

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