River Tech – Submission of court winding-up applications

Malta, 23 March 2026:

Reference is made to previous announcement made by River Tech p.l.c. (the “Company”) dated 20 March 2026.

The court applications demanding a court order for dissolution, the appointment of a liquidator and consequential winding up under Court oversight in respect of both the Company and its subsidiary, River Technologies Limited (the “Subsidiary”) were filed before the Maltese Courts on 23 March 2026. The applications were filed at the Court registry and will now have to be assigned to the relevant court, being the Civil Court (Commercial Section). Once the Court takes cognizance of the applications, a generic pre-trial decree will be issued within a few days, appointing both applications for a hearing and inviting both companies to submit any additional evidence that they may require.

With respect to the Subsidiary, one hearing is expected to be required, following which the Court will adjourn for delivery of a winding-up order and appointment of a liquidator.

Where the Company is concerned, evidentiary hearings will be required for the production of evidence in support of the winding-up application. Once all evidence and submissions are produced, the Court will adjourn for delivery of a winding-up order and appointment of a liquidator within a few months.

The Court will be required to appoint a liquidator for both the Company and the Subsidiary in its winding-up orders. Once appointed, the liquidator will take over most of the powers of the directors (including the power to bring or defend any action on behalf of the company; carrying on the business of the company as necessary for the beneficial winding up thereof; and paying creditors according to their ranking at law) and commence the dissolution process, involving the realisation of the relevant company’s assets and the distribution of any proceeds derived therefrom according to law.

The Court has been requested to appoint a provisional administrator for both the Company and the Subsidiary. The role of the provisional administrator is to take control of the relevant company until a final winding-up order is issued and a liquidator is appointed.

Once both Company and Subsidiary are placed in liquidation, the liquidators will proceed with the winding-up process under Court oversight.

Separately, the Company also advises that all group employees have been given notice of redundancy, including the Chief Executive Officer and the Chief Financial Officer.

For further information please contact: Email: investors@river.tech

About RIVER TECH: RIVER TECH P.L.C. is a technology company offering a B2B technology product. Focusing on assisting companies with specialist competencies, by providing secure and tailormade, yet user-friendly solutions, for the delivery of services within the online sphere. RIVER TECH P.L.C. is registered in Malta and is listed on Euronext Growth under the ticker symbol “RIVER”.

For more information about RIVER TECH P.L.C: https://www.river.tech/

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This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to the Euronext Growth Oslo Rule Book Part II and as mandated by Financial Supervisory Authority of Norway (Finanstilsynet) pursuant to MAR in Norway.

This stock exchange announcement was published by Rachel Mifsud Bonnici, Chief Legal & Compliance Officer of River Tech plc on 23 March 2026 at 17:37 hours CET.