Certain Ordinary Shares of U.K. Spac Plc are subject to a Lock-Up Agreement Ending on 5-DEC-2023. These Ordinary Shares will be under lockup for 365 days starting from 5-DEC-2022 to 5-DEC-2023.

Details:
Pursuant to a lock-in agreement dated 10 November 2022, between: (1) the Company (2) Locked-in Directors and (3) Cairn , the Locked-in Directors have agreed that (subject to certain exceptions) they will not for a period of 12 months from Admission (?Locked-in Period?) dispose of, or agree to dispose of, any interest in Ordinary Shares held by them. For a further period of 12 months after the Lockedin Period each Locked-in Director has agreed that they will not will not dispose or agree to dispose of any interest in the Ordinary Shares held by them without written consent of the Company (such consent not to be unreasonably withheld), and such proposed disposal shall be in such a manner as the Company requires with a view to maintaining an orderly market in the shares of the Company.

Pursuant to an orderly market agreement dated 10 November 2022, between: (1) the Company, (2) certain shareholders in Hellenic Dynamics holding more than 3% on Admission (the ?Above 3% Shareholders?) and (3) Cairn, the Above 3% Shareholders have agreed that (subject to certain exceptions) they will not for a period of 6 months from Admission (?Locked-in Period?) dispose of, or agree to dispose of, any interest in Ordinary Shares held by them. For a further period of 6 months after the Locked-in Period each of the Above 3% Shareholders has agreed that they will not will not dispose or agree to dispose of any interest in the Ordinary Shares held by them without written consent of the Cairn (such consent to be given in certain circumstances), and such proposed disposal shall be in such a manner as the Company requires with a view to maintaining an orderly market in the shares of the Company.

Pursuant to a lock-in agreement dated 14 November 2022, between: (1) the Company, (2) the CLN Holder and (3) Cairn, the CLN Holder has agreed that he will not, for period of 6 months following Admission, dispose or agree to dispose of any interest in certain Ordinary Shares held by him without written consent of the Cairn (such consent to be given in certain circumstances), and such proposed disposal shall be in such a manner as Cairn requires with a view to maintaining an orderly market in the shares of the Enlarged Group. This restriction only applies to the 282,532,726 Ordinary Shares held by him as a result of his shareholding in Hellenic Dynamics. Any additional Ordinary Shares or any interest in any additional Ordinary Shares (including, inter alia, Subscription Shares, convertible loan notes, options or warrants) held by the CLN Holder are not subject to the terms of this lock-in agreement.