Novacyt : Investor Presentation September 2022

2022 Half Year Results

September 20221

Disclaimer

The document attached hereto and the presentation of which it forms part (together the "Materials") have been prepared by Novacyt S.A. ("Novacyt" or the "Company"). The Materials are confidential and personal to you and are furnished to you as background information to provide a basis for you, as a potential investor, to consider whether to pursue an acquisition of shares in the Company. The Materials do not constitute an offer or invitation for the sale or purchase of any securities, nor do they, nor do they purport to, set out or refer to all or any of the information a potential investor might require or expect in making a decision as to whether or not to deal in shares in the Company. The Materials do not comprise an admission document, listing particulars or a prospectus relating to the Company and the information contained in, and communicated to you during, this Presentation does not constitute, or form part of, and should not be construed as, an offer or invitation or other solicitation or recommendation to purchase or subscribe for any securities in the Company. Prospective investors should only subscribe for shares in the Company on the basis of information contained in any prospectus which may be published by the Company in connection with the Admission.

The Materials have not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on the Materials for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. The Materials do not constitute and are not a prospectus or listing particulars (under either the Prospectus Regulations 2005 (as amended), the Financial Services and Markets Act 2000 ("FSMA") or the Prospectus Rules of the Financial Conduct Authority) and should not be construed as such. No reliance may be placed for any purpose whatsoever on the information, representations or opinions contained in the Materials or on the completeness, accuracy or fairness of it. No undertaking, representation or warranty or other assurance, express or implied, is made by or on behalf of the Company or any of their respective directors, officers, employees, advisers or any other persons as to the fairness, accuracy or completeness of the information or estimates or opinions or other statements about the future prospects of the Company or any of their respective businesses contained in the Materials or referred to in the presentation given in connection therewith and no responsibility, liability or duty of care whatsoever is accepted by any such person in relation to any such information, representation, projection, forecast, opinion, estimate or statement including in the case of negligence, but excluding any liability for fraud.

SP Angel Corporate Finance Limited (the Company's nominated adviser and joint broker) and Numis Securities Limited (the Company's joint broker) have not approved the Materials as a financial promotion for the purposes of section 21 of FSMA or otherwise. Whilst all reasonable care has been taken to ensure that the facts stated in these presentation materials are accurate and that any forecasts, opinions and expectations contained therein are fair and reasonable, SP Angel Corporate Finance Limited and Numis Securities Limited have not independently verified the contents of these Materials and no reliance whatsoever should be placed on them.

This document constitutes a 'financial promotion' for the purposes of section 21 of the FSMA and its distribution in the United Kingdom is restricted. Accordingly, this document will not be offered to the public in the United Kingdom (within the meaning of section 102B of the FSMA) save in circumstances where it is lawful to do so without an approved prospectus (within the meaning of section 85 of the FSMA) being made available to the public before the offer is made. In the United Kingdom, the Materials are only being directed at persons: (a) persons who are outside the United Kingdom; (b) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (SI 2005/1529) (as amended) (the "Order"); (c) high net worth companies, unincorporated associations and other bodies falling within Article 49(2)(a) to (d) of the Order; (d) certified high net worth individuals within Article 48 of the Order who, in this regard, have signed a statement dated within a period of 12 months ending on the date of receipt of this document complying with Part 1 of Schedule 5 of the Order stating that among other things, they have either or both: (i) during the financial year immediately preceding the date on which the statement is signed an annual income of not less than

£100,000 ; or (ii) held, throughout the financial year immediately preceding the date on which the statement is signed, net assets to the value of not less than £250,000 (excluding the property which is their primary residence or any loan secured on that residence, any

of their rights under a qualifying contract of insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Authorities) Order 2001, or any benefits (in the form of pensions or otherwise) which are payable on termination of their service or death or retirement and to which they are (or their dependants are), or may be entitled; (e) sophisticated investors falling within Article 50 of the Order; (f) self-certified sophisticated investors falling within Article 50A of the Order; and (g) other persons to whom it may lawfully be communicated (all such persons together being "relevant persons"). The investment or investment activity to which the Materials relate are available only to such persons and will be engaged with only with such persons. If you are not such a person: (i) you should not take part in the presentation and nor should you have received the Materials; (ii) please return this document to the Company's registered office or representative at the presentation as soon as possible and take no other action; (iii) please leave the presentation immediately after returning the Materials; and (iv) you may not rely on or act upon the matters communicated by the Materials.

Neither this presentation nor any copy of it, in whole or in part, or any of the Materials may be: (i) taken or transmitted into the United States of America; (ii) distributed, directly or indirectly, in the United States of America or to any US person (within the meaning of regulations made under the Securities Act 1933, as amended); (iii) taken or transmitted into or distributed in Canada, Australia, the Republic of Ireland or the Republic of South Africa or to any resident thereof; or (iv) taken or transmitted into or distributed in Japan or to any resident thereof. Any failure to comply with these restrictions may constitute a violation of the securities laws or the laws of any such jurisdiction. The Materials do not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. Securities may not be offered or sold within the United States absent (i) registration under the US Securities Act of 1933, as amended (the "Securities Act"); or (ii) an available exemption from registration under the Securities Act. The Company's securities have not been, and will not be, registered under the Securities Act and will not be offered to the public in the United States. In addition, the Company has not been and will not be registered under the US Investment Company Act of 1940, as amended (the "US Investment Company Act"), and the recipient of the Materials will not be entitled to the benefits of the US Investment Company Act. The Materials do not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, shares in any jurisdiction where such offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on the Company. The distribution of this document in other jurisdictions may be restricted by law and the persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. The Materials are confidential and should not be distributed, published, reproduced or otherwise made available in whole or in part by recipients to any other person and, in particular, should not be distributed directly or indirectly to persons with an address in the United States of America (or to any US Person as defined in Regulation S under the US Securities Act 1933 as amended), Australia, the Republic of South Africa, Japan or Canada or in any other country outside the United Kingdom where such distribution may lead to a breach of any legal or regulatory requirement.

The Materials are being made available on the basis that the recipients keep confidential any information contained therein, whether orally or in writing, in connection with the Company. The Materials are confidential and must not be copied, reproduced, published, distributed, disclosed or passed, directly or indirectly, to any other person or published, in whole or in part, for any purpose at any time without the prior written consent of the Company. By attending the presentation and/or accepting a copy of the Materials you agree to be bound by the foregoing provisions.

The information described in the Materials may contain certain information that is confidential, price-sensitive and which has not been publically disclosed. By your receipt of the Materials you recognise and accept that some or all of the information in the Materials may be "inside information" as defined in Article 7 of the Market Abuse Regulation EU 596/2014 ("MAR") and constitutes a "market sounding" for the purpose of Article 11 of MAR. You recognise and accept that such information is being provided to you by the Company pursuant to Article 11 of MAR and you confirm, warrant and undertake that you will keep the information confidential and will not: (i) deal, or attempt to deal, in financial instruments (as defined in MAR) relating to that information, or encourage another person to deal or disclose the information before the inside information is made public; (ii) or cancel or amend an order which has already been placed concerning a financial instrument to which such information relates; (iii) disclose the inside information to another person other than in the proper course of the exercise of your employment, profession or duties; or (iv) engage in behaviour based on any inside information which might amount to market abuse or market manipulation for the purposes of MAR. Recipients should take their own legal advice on the obligation to which they will be subject and the application of MAR and in particular make their own assessment of whether they are in possession of inside information and when such information ceases to be inside information.

Forward-looking Statements:

The Materials contain forward-looking statements. These statements relate to the future prospects, developments and business strategies of the Company and its subsidiaries (the "Group"). Forward-looking statements are identified by the use of such terms as "believe", "could", "envisage", "estimate", "potential", "intend", "may", "plan", "will" or the negative of those, variations or comparable expressions, including references to assumptions. The forward-looking statements contained in the Materials are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. If one or more of these risks or uncertainties materialises, or if underlying assumptions prove incorrect, the Group's actual results may vary materially from those expected, estimated or projected. Given these risks and uncertainties, potential investors should not place any reliance on forward-looking statements and the Company accepts no obligation to disseminate any updates or revisions to such forward-looking statements. These forward-looking statements speak only2 as at the date of the Materials.

Company capabilities, vision and purpose

Company

capabilities

Our vision

Committed to becoming a leading, global clinical diagnostics company in infectious diseases

Our purpose

We protect lives from invisible

threats by enabling informed clinical

decision-making through quality

diagnostics in the right place, at the

right time

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Presenters

• Appointed CEO of Novacyt in 2021
• Over 25 years of global experience in pharmaceuticals & biopharmaceutical companies
• Internationally experienced, strategic business leader with strong track record in global commercialisation
• Built & led multiple diverse, successful teams in dynamic growth companies including Amgen, Celgene & Amryt Pharma
• C-levelexecutive with AIM and NASDAQ listed companies

Dave Allmond

Chief Executive Officer

• Appointed CFO of Novacyt in 2021
• Over 30 years in international manufacturing and industrial businesses in both consumer and B2B
• CFO in both Private Equity and public businesses.
• FCCA qualified over 30 years with broad commercial, supply chain and M&A experience

James McCarthy

Chief Financial Officer

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2022 Unaudited Half Year Results

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