13 September 2024

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

External Audit Tender Process

Further to the Result of Annual General Meeting ("AGM") announcement made on 29 August 2024, the Company provides the following update in relation to Resolution 3 (re-appointment of the external auditors) which, due to the vote of a significant shareholder, was not passed.

The Audit Committee has started to undertake a tender process and the Company will inform shareholders when a new auditor has been appointed.

As a result of the vote, Kinovo has notified the Secretary of State for Business and Trade pursuant to section 490 of the Companies Act 2006.

In the meantime, Moore Kingston Smith LLP, who has been the Group's auditor for 8 years, will conclude the closing out and signing off process of the Group's subsidiary company accounts for the year ended 31 March 2024.

Enquiries

Kinovo plc
Sangita Shah, Chairman David Bullen, Chief Executive Officer	+44 (0)20 7796 4133 (via Hudson Sandler)

Canaccord Genuity Limited (Nominated Adviser and Sole Broker)	+44 (0)20 7523 8000
Adam James Andrew Potts Harry Rees

Hudson Sandler (Financial PR)	+44 (0)20 7796 4133
Dan de Belder Harry Griffiths Will Reynish

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