MAC Marechale Capital Plc

02 December 2022

Marechale Capital plc

("Marechale Capital", “Marechale” or the "Company")

Half-yearly Results

Marechale Capital plc, an established City of London based corporate finance house with a long-term track record and a strong reputation for advising and financing high growth consumer brands, leisure, clean energy, mineral extraction and technology companies, announces its unaudited half-yearly results for the six months ended 31 October 2022 (“the Period”).

Chairman’s Statement

Following the significant value uplift in the Company’s investments reported in Marechale’s full year results released in August 2022, the Board continues to remain positive about the outlook for its investments.

While Marechale Capital continues to see interesting corporate finance and advisory projects where it can take founders shares and warrants as part of its advisory fees, the market remains a challenging environment to raise capital. This has resulted in advisory projects launched in the summer not being completed by the end of the Period. Marechale continues to look for new funding partners alongside its traditional investor relationships.

During the six months ended 31 October 2022 the company generated gross profits of £72,020 (2021: £227,435) and delivered an operating loss of £18,995 (2021: Loss £15,000), resulting in an overall loss before tax of £179,502 (compared to a Profit for the same period in 2021 of £1,501,000 which benefitted from significant investment revenues).

As reported in August 2022, the Company’s balance sheet shows a net asset value of £3,483,929 (2021: £2,395,105), representing 3.66p of value per share in issue. The Company remains positive about the investments that it holds in its client companies. As at 31 October 2022 the Company had £246,808 of cash reserves.

The Board is working on a number of initiatives to create further value for shareholders over and above its core investment portfolio and corporate finance projects. Furthermore, the Board is hopeful to be able to announce realisations on some of the Company’s investments in the next six months

Whist the current economic climate is difficult, Marechale Capital is working hard and is convinced that there will be good advisory and investment opportunities in its core hospitality, renewable, clean energy and technology sectors over the short to medium term.

Mark Warde-Norbury

Chairman

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014

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This financial information has been prepared in accordance with IFRS and International Financial Reporting Interpretations Committee ('IFRIC') interpretations adopted by the European Union, and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS, with the prior period being reported on the same basis.