Commercial Update

7th July 2023

In line with previous updates, the Company reconfirms the buyer’s commitment to the DaaP sale and that proceeds from the license deal are in escrow.

A technical issue emerged this week and while it is already mainly resolved it needs to be fully rectified prior to the announcement of the DaaP sale.

The Company will update shareholders on these matters within a few weeks. The DaaP sale announcement shall be completed thereafter. All other details of the June 1st update remain in place.

The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com.