Litigation Settlement Agreement with Tesla, Inc

Dissemination of a Regulatory Announcement that contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.

21 March 2024

CAP-XX Limited

("CAP-XX" or the "Company")

Litigation Settlement Agreement with Tesla, Inc

Further to the Company's Litigation Update announcement on 14 March 2024, CAP-XX Limited announces that a settlement agreement (the "Settlement Agreement") has been signed with Tesla, Inc.

The effect of the Settlement Agreement is to settle all litigation matters with Maxwell/Tesla.

Whilst the terms of the Settlement Agreement are confidential, they do not involve payments to Tesla that the Board of CAP-XX considers to be material to the Company.

For further information contact:

CAP-XX Limited

Pat Elliott (Chairman)                                                                             +61 (2) 9157 0000

Lars Stegmann (Chief Executive Officer)

Allenby Capital (Nominated Adviser and Joint Broker)

David Hart / Piers Shimwell (Corporate Finance)                                      +44 (0) 20 3328 5656

Tony Quirke / Stefano Aquilino (Sales and Corporate Broking)

Cavendish Securities plc (Joint Broker)

Neil McDonald / Pearl Kellie                                                                   +44 (0) 13 1220 6939

Kreab (Financial PR)

Robert Speed                                                                                       +44 (0) 20 7074 1800

Notes to Editors:

CAP-XX (LSE: CPX) is a leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics, and deliver similar benefits in automotive and other transportation applications. For more information about CAP-XX, visit www.cap-xx.com