Primorus Investments plc

("Primorus")

Alteration Earth - Investment Update

Primorus (AIM: PRIM) notes the recent announcements by its investee company Alteration Earth PLC ("ALTE"), that it has entered into non-binding heads of terms to acquire PRI0R1TY AI PLC ("Proposed Acquisition") and that the non-binding heads of terms for ALTE to acquire the entire issued share capital of Verdant Earth Technologies Limited has been terminated by mutual agreement.

Primorus holds 5,000,000 ordinary shares in ALTE representing approximately 27.8% of the issued share capital of ALTE.

The ALTE announcement in relation to the Proposed Acquisition can be viewed at the link below:

https://www.londonstockexchange.com/news-article/ALTE/acquisition/16539320

For further information please contact:

Primorus Investments plc

Matthew Beardmore, Chief Executive Officer

+44 (0) 20 8154 7907

Nominated Adviser

Cairn Financial Advisers LLP

Sandy Jamieson/James Caithie

+44 (0) 20 7213 0880

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