July 7, 2021

Trading Update and Notice of Interim Results

Brave Bison, the social media and marketing group, announces that it will publish its interim results for the six-month period to 30 June 2021 on or before Monday 16 August 2021.

The Board is pleased to report that trading in the first half of the year has continued to be strong and the Board now expects the Company to exceed current market expectations for the full year. Revenue for H1 2021 is expected to be not less than £7.3m (H1 2020: £5.5m) and H1 2021 Adjusted EBITDA* is expected to be not less than £0.5m (H1 2020: £0.4m loss).  Net cash increased by £0.2m to £2.9m at 30 June 2021 (30 December 2020: £2.7m).

*Adjusted EBITDA is a non-IFRS measure that the Group uses to measure its performance and is defined as earnings before interest, taxation, depreciation and amortisation and after add back of costs related to restructuring, acquisitions and share based payments.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.