NOT FOR DISTRIBUTION OR RELEASE DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OF AMERICA, TO U.S. NEWS WIRE SERVICES, CANADA, AUSTRALIA, THE HONG KONG
SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA,
OR JAPAN OR ANY OTHER JURISDICTION IN WHICH DISTRIBUTION OR RELEASE, WOULD BE
UNLAWFUL.

River Tech p.l.c (the "Company" or "River") is pleased to announce that it has
entered into an agreement with Kahl Limited, a Cyprus-based private limited
company owned by Kent Staahle, the Company's Director, and his close associate
Gro Anita Staahle ("Kahl") for a conditional investment by Kahl of EUR 2.5
million (the "Investment Amount") in a private placement of 435,540 new shares
in River, each with a nominal value of EUR 0.005 (the "New Shares") in respect
of depository receipts (the "Instruments") at a subscription price of
approximately EUR 5.74 per New Share (the "Private Placement"). 

The subscription price for the New Shares is the EUR equivalent of NOK 59.50,
being the closing price of the Instruments on Euronext Growth on 27 August 2021,
and is set based on the Central Bank of Norway's EUR/NOK exchange rate as of 27
August 2021.

"This agreement compliments the positive operational results achieved in H1 this
year. We are generating surplus cash from operations as well as working on other
financing options. The excess liquidity coupled with this capital investment
shall be used to reduce the balance due on the convertible loan due in July
2022", says CFO of River Tech Shawn Bezzina.    

Completion of the Private Placement is subject to the following conditions:

i)	The corporate resolutions required to implement the Private Placement,
including a resolution by River's extraordinary general meeting expected to be
held mid-October 2021 (the "EGM") to waive the right of pre-emption of existing
shareholders and to authorise the Company's board of directors (the "Board") to
issue and allot the New Shares