The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR")

28 February 2023
Valereum Plc
("Valereum" or the "Company")
Company Update
In response to recent market rumours Valereum wishes to announce that it has formed a subsidiary company, Valereum Collections Ltd. Valereum is happy to confirm that this company has been formed in Gibraltar as part of our digital collectible strategy.
More news will follow as appropriate.
The Directors of the Company accept responsibility for the contents of this announcement.
END
Enquiries:
Valereum Plc
Richard Poulden, Chairman
Tel: +971 4584 6284
AQSE Corporate Adviser
First Sentinel Corporate Finance
Brian Stockbridge
Tel: +44 (0) 7876 888 011
Investor Relations
J&H Communications Limited
George Hudson
Tel: +44 (0)7803 603130
For more information, please visit the Company's website at valereum.gi