Oscillate Plc - Interim Results for the Six Months Ended 31 May 2024

27 June 2024 Oscillate PLC ("Oscillate" or the "Company") Interim Results for the Six Months Ended 31 May 2024 I am pleased to present the interim results for Oscillate plc (AQSE: MUSH) for the period ending 31 May 2024. Director's Statement During the period the Company made a loss of £302,783 compared with a loss of £508,310 for the same period last year. The loss is mainly due to revaluations of investments. The Board has been working diligently to reduce the administrative costs of the Company and these were £74,461 compared to £71,482 for the comparable period. Although the administrative costs show as slightly higher compared to the comparative period, directors' salaries are being accrued and remain unpaid. As at 31 May 2024, the Company's cash position was £1,060,311 (2023: £1,168,956). The Board of the Company continues to work to source good investments at an attractive price and hopes to be able to update the market presently. These interim results have not been audited or reviewed by the Company's auditor. John Treacy Independent Non-Executive Director, Oscillate plc The Directors of the Company accept responsibility for the content of this announcement. Enquiries: Company Oscillate PLC John Treacy ir@oscillateplc.com https://oscillateplc.com Corporate Advisor Peterhouse Capital Limited Telephone: 020 7220 9796 Statement of Comprehensive Income for the 6 months ended 31 May 2024 6 months to31 Year ended30 6 months to31 May November May 2024Unaudited 2023Audited 2023Unaudited £ £ £ Administrative expenses (74,461) (224,923) (71,482) Loss on investments at fair (243,994) (849,904) (442,400) value through profit and loss Loss on sale of investment - (104,456) - Operating Loss (318,455) (1,179,283) (513,882) Interest income 15,671 14,204 5,572 (302,783) (1,165,079) (508,310) Taxation - (212,476) - Loss for the period (302,783) (952,603) (508,310) Basic and diluted earnings (0.28p) (0.44p) (0.5p) per share Statement of Financial Position for the 6 months ended 31 May 2024 6 months to31 Year ended 30 6 months to31 May November May 2024Unaudited 2023Audited 2023Unaudited £ £ £ Assets Non-current assets Investments 19,629 19,785 14,700 19,629 19,785 14,700 Current assets Investments 1,183,296 1,427,134 2,032,051 Trade and 5,882 5,659 6,867 other receivables Cash and cash 1,060,311 1,101,259 1,168,956 equivalents 2,249,489 2,534,052 3,207,874 Total assets 2,269,118 2,553,837 3,222,574 Current liabilities Trade and (41,671) (23,607) (35,575) other payables (41,671) (23,607) (35,575) Deferred tax (23,140) (23,140) (235,616) liability Net current 2,184,678 2,487,305 2,936,683 assets Net assets 2,204,307 2,507,090 2,951,383 Capital and reserves Share capital 1,228,309 1,228,309 1,228,309 Share premium 4,705,050 4,705,050 4,705,050 Other 29,753 29,753 29,753 reserves Retained (3,758,805) (3,456,022) (3,011,729) earnings Total equity 2,204,307 2,507,090 2,951,383 Statement of Changes in Equity for the 6 months ended 31 May 2024 Share Share Other Profit Total capital premium reserves and loss reserve £ £ £ £ £ As at 1 1,228,309 4,705,050 29,753 (2,503,419) 3,459,693 December 2022 Loss for the - - - (508,310) (508,310) period Total - - - (508,310) (508,310) comprehensive income Balance at 31 1,228,309 4,705,050 29,753 (3,011,729) 2,951,383 May 2023 As at 1 1,228,309 4,705,050 29,753 (2,503,419) 3,459,693 December 2022 Loss for the - - - (952,603) (952,603) year Total - - - (952,603) (952,603) comprehensive income Balance at 30 1,228,309 4,705,050 29,753 (3,456,022) 2,507,090 November 2023 Loss for the - - - (302,783) (302,783) period Total - - - (302,783) (302,783) comprehensive income Balance at 31 1,228,309 4,705,050 29,753 (3,758,805) 2,204,307 May 2024 This information was brought to you by Cision http://news.cision.com

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