<SEC-DOCUMENT>0001104659-21-112955.txt : 20210903
<SEC-HEADER>0001104659-21-112955.hdr.sgml : 20210903
<ACCEPTANCE-DATETIME>20210903162347
ACCESSION NUMBER:		0001104659-21-112955
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210903
FILED AS OF DATE:		20210903
DATE AS OF CHANGE:		20210903

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Arqit Quantum Inc.
		CENTRAL INDEX KEY:			0001859690
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40777
		FILM NUMBER:		211236814

	BUSINESS ADDRESS:	
		STREET 1:		3 MORE LONDON RIVERSIDE
		STREET 2:		1ST FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			SE1 2RE
		BUSINESS PHONE:		44 203 91 70155

	MAIL ADDRESS:	
		STREET 1:		3 MORE LONDON RIVERSIDE
		STREET 2:		1ST FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			SE1 2RE
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2126997d1_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Washington, D.C. 20549</B>&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>FORM&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>&nbsp;</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>REPORT OF FOREIGN PRIVATE
ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>PURSUANT TO RULE&nbsp;13a-16&nbsp;OR&nbsp;15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>UNDER THE SECURITIES
EXCHANGE ACT OF 1934</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of September 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number: 001-40777</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14"><B></B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARQIT QUANTUM INC.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14"><B></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified in its
charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1st Floor, 3 More London Riverside<BR>
London SE1 2RE, United Kingdom </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of principal executive office)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form&nbsp;20-F or Form&nbsp;40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Form 20-F <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT>
&nbsp;&nbsp;Form 40-F <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation&nbsp;S-T&nbsp;Rule&nbsp;101(b)(7):&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the Business Combination Agreement
dated May 12, 2021 (the &ldquo;Business Combination Agreement&rdquo;) by and among Arqit Quantum Inc., a Cayman Islands exempted limited
liability company (&ldquo;Arqit&rdquo;), Centricus Acquisition Corp. (&ldquo;Centricus&rdquo;), Centricus Heritage LLC, a Cayman Islands
limited liability company, solely in its capacity as Centricus&rsquo; representative, Arqit Limited, a company limited by shares incorporated
in England (the &ldquo;Company&rdquo;), David John Williams, solely in his capacity as the Company Shareholders representative, and the
shareholders of the Company party thereto: (i) on September 2, 2021, Centricus merged with and into Arqit (the &ldquo;Merger&rdquo;),
with Arqit surviving the merger, and the security holders of Centricus (other than security holders of Centricus electing to redeem their
Centricus ordinary shares) became security holders of Arqit, and (ii) on September 3, 2021, Arqit acquired all of the issued and outstanding
share capital of the Company from the shareholders of the Company in exchange for Arqit ordinary shares, such that the Company is a direct
wholly owned subsidiary of Arqit (the &ldquo;Share Acquisition&rdquo; and, together with the Merger, the &ldquo;Business Combination&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In consideration for the Merger, each Centricus
shareholder received one Arqit ordinary share and one Arqit warrant for each ordinary share and warrant they held in Centricus, respectively,
immediately prior to the Merger. Each ordinary share of the Company was acquired by Arqit in exchange for 46.06 ordinary shares of Arqit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May 12, 2021, concurrently with the execution
of the Business Combination Agreement, Arqit and Centricus entered into subscription agreements with certain investors (the &ldquo;PIPE
Investors&rdquo;), pursuant to which the PIPE Investors agreed to subscribe for and purchase, and Arqit agreed to issue and sell to such
PIPE Investors, an aggregate of 7,100,000 Arqit ordinary shares at $10.00 per share for gross proceeds of $71,000,000 (the &ldquo;PIPE
Financing&rdquo;). The PIPE Investors include certain affiliates of Centricus, which agreed to fund $51,000,000 of the PIPE Financing.
The PIPE Financing closed on September 3, 2021 immediately after the Business Combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Following the closing
of the PIPE Financing, and after giving effect to redemptions of shares by shareholders of Centricus and payment of transaction expenses,
the transactions described above generated approximately $96 million for Arqit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">After market close on September 3, 2021, Centricus&rsquo;
ordinary shares, units and warrants ceased trading on The Nasdaq Stock Market LLC, and beginning on September 7, 2021, Arqit&rsquo;s ordinary
shares and warrants will begin trading on Nasdaq under the symbols &ldquo;ARQQ&rdquo; and &ldquo;ARQQW&rdquo;, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On September 3, 2021, Arqit issued a press release
titled, &ldquo;Arqit and Centricus Announce Closing of Business Combination.&rdquo; A copy of this press release is attached as Exhibit
99.1 to this Form 6-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 8%; border-bottom: black 1.5pt solid; padding: 0.25pt 0.25pt 0.75pt"><B>Exhibit No.</B></TD>
    <TD STYLE="width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 91%; border-bottom: black 1.5pt solid; padding: 0.25pt 0.25pt 0.75pt"><B>Description</B></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding: 0.25pt"><A HREF="tm2126997d1_ex99-1.htm#a_001">99.1</A></TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt"><A HREF="tm2126997d1_ex99-1.htm#a_001">Press release of Arqit Quantum Inc., dated September 3, 2021.</A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></DIV>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt"><B>ARQIT QUANTUM INC.</B></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 5%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 40%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">By:</TD>
    <TD STYLE="text-indent: 0; border-bottom: black 1.5pt solid; padding: 0">/s/ David Williams</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">Name:&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">David Williams</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">Title:</TD>
    <TD STYLE="padding: 0.25pt">Chief Executive Officer</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: September 3, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2126997d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;<B><A NAME="a_001"></A>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Arqit and Centricus Announce Closing of Business
Combination</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Trading on Nasdaq to commence on September 7,
2021&nbsp;under the ticker &ldquo;ARQQ&rdquo;</I></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NEW YORK / LONDON (September 3, 2021) &ndash;
Arqit Quantum Inc. (&ldquo;Arqit&rdquo;), a leader in quantum encryption technology, today announced the completion of its business combination
with Centricus Acquisition Corp. (&ldquo;Centricus&rdquo;), a special purpose acquisition company. The business combination was approved
at the extraordinary general meeting of Centricus&rsquo; shareholders on August 31, 2021 and closed today, September 3, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The combined company will retain the name Arqit
Quantum Inc. Beginning on September 7, 2021, Arqit&rsquo;s ordinary shares and warrants will trade on Nasdaq under the ticker symbols
&ldquo;ARQQ&rdquo; and &ldquo;ARQQW&rdquo;, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">David Williams, Arqit Founder and Chief
Executive Officer, stated: &ldquo;Arqit has an important task ahead to protect the data of our government, enterprises and
customers. We are certain that we invented the most important cyber security technology of the era. Our QuantumCloud&trade;&nbsp;software,
already launched this month to the first 20 customers, will run very efficiently and fast on virtually any device, creating keys
which are zero trust and secure against all computational attacks. When we upgrade the system in two years&rsquo; time with the
launch of quantum satellites, the entire system also becomes fully quantum safe. It is overwhelmingly evident that the world needs
stronger, simpler encryption. The completion of this transaction will enable Arqit now to fulfil its mission. &nbsp;We have raised
cash equal to approximately twice of the funding requirement of the business, so our destiny is in our own hands. &nbsp;The board of
Arqit Quantum Inc. expresses its thanks for the support of its new investors and the team at Centricus and the adviser group who
have executed this transition with great care and effectiveness.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;We are incredibly excited to complete our
business combination with Arqit. As a public company, Arqit will now have the platform to fully execute against its vision, further accelerate
its commercial programs and establish itself as a leader in the encryption space. I look forward to continuing to support the company
as a member of the board and helping to make Arqit&rsquo;s vision of ensuring a safer environment for businesses and people a reality,&rdquo;
said Garth Ritchie, Chief Executive Officer and Director of Centricus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Arqit&rsquo;s Founder and Chief Executive Officer,
David Williams, will continue to lead the company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Deutsche Bank served
as financial advisor and capital markets advisor to Arqit and as a placement agent on the PIPE offering. J.P. Morgan served as financial
advisor to Centricus in connection with the business combination and as a placement agent on the PIPE offering. White &amp; Case LLP served
as legal advisor to Arqit. Latham &amp; Watkins LLP served as legal advisor to Centricus. Sidley Austin LLP served as legal advisor to
the placement agents.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>About Arqit: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Arqit supplies a unique
quantum encryption Platform-as-a-Service which makes the communications links of any networked device secure against current and future
forms of attack &ndash; even from a quantum computer. Arqit&rsquo;s product, QuantumCloud&trade;, enables any device to download a lightweight
software agent of less than 200 lines of code, which can create keys in partnership with any other device. The keys are computationally
secure, don&rsquo;t exist until the moment they are needed and can never be known by a third party. QuantumCloud&trade; can create limitless
volumes of keys in limitless group sizes and can regulate the secure entrance and exit of a device in a group. The addressable market
for QuantumCloud&trade; is every connected device.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>Media relations enquiries:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Arqit: Julie Moon T:
+44 7825 503 950 E: Julie.moon@arqit.uk</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">SEC Newgate: arqit@secnewgate.co.uk</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>Investor relations
enquiries</B>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Gateway: arqit@gatewayir.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>Caution About Forward-Looking
Statements </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">This communication includes
forward-looking statements. These forward-looking statements are based on Arqit&rsquo;s expectations and beliefs concerning future events
and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult
to predict accurately and may be beyond Arqit&rsquo;s control. Forward-looking statements in this communication or elsewhere speak only
as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how
they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward-looking
statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties,
investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication
may not occur. Uncertainties and risk factors that could affect Arqit&rsquo;s future performance and cause results to differ from the
forward-looking statements in this release include, but are not limited to: (i) risks that the business combination disrupts Arqit&rsquo;s
current plans and operations, (ii) the outcome of any legal proceedings that may be instituted against the Arqit related to the business
combination, (iii) the ability to maintain the listing of Arqit&rsquo;s securities on a national securities exchange, (iv) changes in
the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors, changes in laws
and regulations affecting Arqit&rsquo;s business and changes in the combined capital structure, (v) the ability to implement business
plans, forecasts, and other expectations after the completion of the business combination, and identify and realize additional opportunities,
(vi) the potential inability of Arqit to convert its pipeline or orders in backlog into revenue, (vii) the potential inability of Arqit
to successfully deliver its operational technology which is still in development, (viii) the risk of interruption or failure of Arqit&rsquo;s
information technology and communications system and (ix) the enforceability of Arqit&rsquo;s intellectual property.</P>

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