Flying Brands Ltd : Publication of a Prospectus

FLYING BRANDS LIMITED

(“Flying Brands” or the “Company“)

Publication of a Prospectus

Further to the Company’s announcement on 16 July 2018, Flying Brands is pleased to announce that its prospectus (“Prospectus“) has been approved by the Financial Conduct Authority. The Prospectus is in connection with the issue of 6,200,000 Ordinary Shares to the sellers of Imaging Biometrics LLC (“IB”) to satisfy the remaining consideration shares due under the Share Purchase Agreement between IB and the Company; (2) the conversion of £195,050 11 March 2015 convertible loan notes into 21,787,061 Ordinary Shares; and (3) a fundraise of £500,000 (before expenses) pursuant to a placing of 20,000,000 Ordinary Shares at a price of 2.5 pence per placing share.

Admission of the 47,987,061 new Ordinary Shares in the capital of the Company will become effective and dealings will commence at 8.00 a.m. on 6 August 2018 (“Admission”). On Admission, the Company will have 120,346,495 Ordinary Shares of £0.01 in issue.

The Company has no ordinary shares held in treasury. Accordingly, the above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.

The Prospectus will be available on the Company’s website www.flyingbrands.com. In addition, a copy of the Prospectus has also been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

The Directors of the Company accept responsibility for the contents of this announcement.                    

**ENDS**

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