Malta, 02 October 2025:


Reference is made to market announcement published 17 September 2025 and market
update published 19 September 2025 by River Tech p.l.c. (the "Company", together
with its subsidiaries, the "Group"). 

Following the formal notices of termination from the Group's key client, Tech4S
Limited, the Board of Directors and Management have initiated a plan to
safeguard shareholder value and secure future revenue growth. 

The plan includes the following actions:

1. Acquisition of the assets, business, and employees of MSIPAY Limited 

An agreement for the Group to acquire the assets, business, and employees of
MSIPAY Limited ("MSIPAY"), a company registered in Malta, was signed by the
parties involved on 29 September 2025. Delay of disclosure was decided in
accordance with the EU Market Abuse Regulation (MAR), article 17(4).

The transaction presents a significant strategic opportunity that aligns with
the Group's growth objectives in the technology industry and broader payments
and KYC technology markets. The product of MSIPAY is a scalable payment and KYC
technology platform with strong foundations in digital transactions. The Group
has been previously engaged for the technical development of the technological
platform for MSIPAY. 

The transaction offers both standalone growth potential and significant
synergies with the Group's existing platform, making it a strong deal for the
Group and its shareholders. 

The net value of the acquisition is estimated to be EUR 359,000. Payment will
consist of the Group issuing a waiver of existing debt of EUR 537,916 owed by
MSIPAY to the Company's subsidiary, River Technologies Limited. In addition to
the value of the assets acquired, Kahl Holdings Limited, the sole shareholder of
MSIPAY, will transfer its complete holding of shares in the Company of 435,540
shares to the Company. 

The acquisition is expected to be completed by 31 December 2025, while
integration of assets, business, and employees of MSIPAY already has started and
will be completed by 31 October 2025.

2. Leveraging three product lines

Following the acquisition of the operations of MSIPAY, the Group can now offer a
Payments Aggregator and Orchestrator Platform in addition to the existing
technology platform. A third product line, Content Management, is under
development and close to completion. The three product lines will improve
competitiveness and reduce risk.

3. Secure cashflow and reduce costs

Immediately following the notice of termination from the Group's key client,
Tech4S Limited, Management with support from the Board of Directors initiated
measures to cut costs. Redundancies were implemented and the decision was taken
to close the office in Poland. The measures will reduce monthly costs by 50 per
cent, to less than EUR 250,000 including net costs from the MSIPAY operation,
with financial effect from 31 October 2025. 

The Group has a free cash balance as per 1 October 2025 of EUR 3.6 million after
provisions for redundancy payments.  

The final outstanding payment from Tech4S Limited amounts to EUR 2.9 million.
The outstanding amount will be settled in October and November with complete
settlement by 30 November as per verbal commitment from Tech4S Limited.

Following the actions undertaken and planned, it is the view of the Board of
Directors and Management of the Company that the Group is well positioned to
leverage its market position and has the financial strength and liquidity to
succeed. 

The Group will publish the Q3 2025 presentation on 30 October 2025 and will
provide an update on the progress of the activities outlined above.


For further information please contact:
Luke Ciantar, CEO RIVER TECH
Phone: +356 99854724
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/ 

* * *

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 02 October 2025 at 19.00 hours
CEST.