Tekcapital : Portfolio Company Update

15th October 2018

Tekcapital plc ("Tekcapital" or the "Company")

Portfolio Company Update

Tekcapital plc, (AIM: TEK) the UK intellectual property investment group focused on creating marketplace value from university technology, announces that its wholly owned portfolio company Lucyd ltd has formed a reseller partnership with a Brazilian optical retailer and has conducted its first order.

This is a unique opportunity for Lucyd to expand its eyeglass offerings into the large Brazilian market. This distributor has purchased an initial order for 100 pairs of Lucyd Loud1 Bluetooth, bone-conducting glasses, which they will be selling on their own online eyewear store. Lucyd's eShop will primarily serve Brazil, Mexico, Colombia and Chile.

Harrison Gross, Media Lead at Lucyd said, "We are very excited to announce signing our first distributor for our innovative eyewear lines. We believe that that our partnership will facilitate sales of products in Latin America and will be mutually beneficial in the long term."

Lucyd operates an exciting eShop that develops and provides advanced eyewear to enhance the visual experience. To learn more please visithttps://lucyd.co.

Clifford M. Gross Ph.D., Chief Executive Officer of Tekcapital plc commented:

"We are glad to view Lucyd's continued progress as it approaches its first anniversary since we established the Company last year. According to Statista, the online market for eyewear will deliver approximately $3.8b in sales in 2018. Lucyd has developed a very competitive footprint in this market with advanced eyewear to meet the needs of technological as well as fashion forward customers. We believe that Lucyd's unique features and products compare favorably with some of the most successful and respected names in the industry2."

For further information, please contact:

Tekcapital plc

Clifford M Gross, Ph.D.	Via Walbrook PR
finnCap Ltd (Nominated Adviser and Joint	[phone]
Broker)
Geoff Nash (Corporate Finance)
Max Bullen-Smith (Corporate Finance)
Camille Gochez (ECM)
Novum Securities (Joint Broker)	[phone]
Colin Rowbury
Walbrook PR Ltd	[phone]
Paul Cornelius / Nick Rome / Sam Allen	[e-mail]
Tekcapital plc - The World's Largest University Network for Open Innovation

Tekcapital's objective is to create value from investing in new, university-developed intellectual properties. Additionally, using its proprietary discovery search engine, linked to 4,500+ universities in 160 countries, coupled with expert scientific review, Tekcapital provides a range of IP investment services to make it easy for organisations to find, evaluate, acquire and license university-developed technology. Tekcapital plc is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visitwww.tekcapital.com

This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Tekcapital that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Tekcapital's management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Tekcapital neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated or stated.

Notes:

1 Photo of model wearing Lucyd Loud

2 Online eyewear Industry comparative chart