Dev Clever provided an update on the comprehensive agreement with Veative Labs Pte Ltd. (Singapore) ("Veative"), which was announced on 12 April 2021. The parties continue to work towards completing the acquisition by Dev Clever of the entire issued share capital of Veative Labs Private Limited ("VLPL"), a wholly-owned Indian subsidiary of Veative. This process has been elongated, inter alia, by the COVID related restrictions that were in place in India earlier this year and the parties remain committed to closing the transaction as soon as practically possible. It has been agreed by Dev Clever and Veative that the consideration for the acquisition for VLPL will be amended to the issuance of 175 million new ordinary shares in the Company with no earn out provision in reflection of the progress in delivering key milestones that have already been achieved in entering the Indian market. Completion of the VLPL acquisition remains subject to the publication of a prospectus approved by the FCA.