Closing of Broker Option and Final Allocation.

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014, as retained as part of the law of England and Wales. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

FOR IMMEDIATE RELEASE
30 May 2025                                                                                                                
London, UK

Defence Holdings PLC

("Defence" or "Company")

Closing of Broker Option and final allocation of the Placing

Defence (LSE: ALRT), the UK's first publicly listed pure-play defence technology platform, is pleased to announce that the broker option announced on 29 May 2025 has raised an additional £450,000, before expenses, at a price of 0.325p per share ("Placing Price"). This is in additional to the previously announced conditional placing participation and subscriptions announced on 29 May 2025. The total fundraise at the Placing Price being £3.45m.

Fortified Securities ("Fortified") acted as sole broker and Shard Capital Partners LLP is engaged as the placing agent ("Shard") to the Company for the Fundraising and have entered into a placing agreement with the Company (the "Placing Agreement").

Key Highlights:

· Total conditional placing raise (inclusive of broker option and director participation) being £3.45m gross proceeds (the "Fundraise").

· Principal Use of Net Proceeds to fully enable Defence's development strategy within the 4 core technology areas previously announced.

· The Fundraise is subject to Shareholders' approval at a general meeting to be held no later than 30 June 2025 (the "General Meeting") as well as a published supplemental prospectus (which is anticipated to be published on or prior to the date of the General Meeting). Full details of the Fundraise and the use of proceeds will be detailed in the circular to be published for the General Meeting which is anticipated to be published on or around 6 June 2025.

Brian Stockbridge Co-Founder and Board Director said:

"We are pleased with the strong support received for this Placing and Subscription, particularly the interest shown by new institutional investors. The participation of the Board, with Directors subscribing £350,000, reflects our confidence in Defence's long-term strategy and growth potential. The proceeds from this fundraise will enable the development of our four core technology areas.  This marks a significant step forward in delivering on our strategic vision."

Timetable

 A definitive timetable of events is to be announced upon publication of the circular for the General Meeting to, inter alia, provide the Resolutions to complete the Fundraise. However, the Directors anticipate the General Meeting to approve the Resolutions to be on or around 30 June 2025 with the publication of a supplemental prospectus approved by the Financial Conduct Authority (as the competent authority) to be on or around such date.

Closing of the Fundraise is conditional on both an approved supplemental prospectus as well as the passing of the Resolutions. Pursuant to the terms of the Placing Agreement, the Fundraise is conditional on closing occurring prior to 31 July 2025.

Total Voting Rights

The Company's issued share capital consists of 804,984,029 shares with a nominal value of £0.001 each, with voting rights ("Ordinary Shares").

The Company does not hold any Ordinary Shares in Treasury.

The above figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

About Defence Holdings PLC (ALRT)

Headquartered in London, Defence Holdings PLC is a publicly listed company trading under the stock ticker (ALRT) dedicated to delivering high-performance defence and security solutions for the UK and European markets. Leveraging deep capital-markets expertise and a network of technology partners, the Company intends to develop and acquire advanced sensors, AI-driven analytics, secure communications and autonomous platforms that enhance the operational advantage of its customers across land, sea, air, space and cyber domains.

Website: www.defencetechnologies.com