Majestic Secures £1 Million Annual EIS Approval

Majestic Corporation Plc

(the "Company" or "Majestic")

Majestic Secures £1 Million Annual EIS Approval

Majestic Corporation Plc ("AQSE:MCJ"), a sustainable circular economy solutions provider specialising in recycling precious and non-ferrous metals, is pleased to announce that His Majesty's Revenue and Customs ("HMRC") has granted the Enterprise Investment Scheme ("EIS") status for investments made by certain qualifying individuals.

The EIS is a UK government initiative that encourages investment in qualifying companies by offering tax benefits for qualifying investors who subscribe for new shares. For the avoidance of doubt, EIS income tax relief is not available for directors or employees of Majestic.

The Directors of Majestic also believe that an investment in the Company would potentially constitute a 'qualifying holding' for a Venture Capital Trust ("VCT") subject to certain conditions being met. A company can receive a maximum of £5 millionfrom EIS and VCT investors on a 12-month rolling basis. The grant of EIS status broadens the Company's potential investor base as it continues to develop and grow.

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