Further Investment in Fresho Pty Ltd

("Primorus" or the "Company")

Primorus Investments plc (AIM: PRIM) is pleased to announce that the Company has subscribed for 588,000 new Preference Shares ("New Shares") in Fresho Pty Ltd ("Fresho") at a price of AUD$1.25 per New Share ("Issue Price") for total consideration of AUD$700,000 (approximately £364,000) ("Subscription") using its existing cash resources. The Subscription includes an additional 28,000 new Preference Shares that have been issued to the Company at the Issue Price in lieu of transaction fees relating to the Subscription.

Following this investment, Primorus now holds 4,295,610 ordinary shares and 1,852,512 preference shares in Fresho, representing approximately 5.2% of Fresho's issued share capital on a fully diluted basis.

The Subscription is part of a AUD$5 million fundraise being undertaken by Fresho to continue to fund its growth strategy and expansion plan.

More information about Fresho can be found on its website: https://www.fresho.com/

Fresho a market leader in the B2B fresh food industry with a significant traction to date of AUD$7.7 billion gross merchandise value with over 20 million orders processed annually.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

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