VBL Plc

Share Issue/Capital Change • Oct 12, 2021

VBL Pic COMPANY ANNOUNCEMENT

The following is a company announcement issued by VBL Plc pursuant to the Capital Markets Rules as issued by the Malta Financial Services Authority in accordance with the provisions of the Financial Markets Act (Chapter 345 of the Laws of Malta), as amended from time to time.

Pursuant to the company announcement dated 23th July 2021, VBL Plc ("the Company") hereby announces that it has increased its share capital to 244,471,217 ordinary shares, pursuant the subscription of a total of 14,471,217 new ordinary shares of €0.20 nominal value each, according to the process described in the Propsectus published by the Company on the 23d July 2021 and approved by MFSA.

Further to the above, on the 12th October 2021, all ordinary shares of VBL Plc, representing 100% of the issued share capital, have been admitted to listing at the Malta Stock Exchange ("MSE"), and all relevant documents required by the Companies Act, Chapter 386 of the Laws of Malta will be filed with the Malta Business Registry, and that all documents required by the Capital Markets Rules to be lodged with the MFSA, in due course, in connection with the listing to MSE.

The first day of trading of the Company's shares on the MSE will be 13th October 2021.

The Company hereby announces that all applicable conditions for listing as set out in the Capital Markets Rules have been fulfilled in relation to VBL Plc. and the shares of the Company as referred to above. Furthermore, the Company declares that all ordinary shares of the Company referred to above are in all respects identical and no alterations have been made to the Prospectus as approved for publication by the MFSA.

Dr Davjd Meli Company Secretary

12th October, 2021

54, Marsamxett Road, Valletta, VLT 1853, Malta Tel .: +356 27 133 344 Web: www.vbl.com.mt