Unaudited capitalisation statement
This statement compiles the management cap table. It is not an audit, not a review, and not an assurance opinion under International Standards on Auditing. No auditor’s report on this round is attached. Statutory audit of annual financial statements, when required under the Cyprus Companies Law, is a separate exercise and has not been represented here as completed for this placement.
We, the undersigned director, confirm that the schematic table below is consistent with the Company’s working capitalisation model for a fully taken-up pre-seed at USD 12.50 per share and USD 80 million indicative post-money:
| Shares | % | |
|---|---|---|
| Founders | 4,480,000 | 70.0 |
| Option pool (reserved) | 768,000 | 12.0 |
| This closed round (if fully allotted) | 1,152,000 | 18.0 |
| Total FD | 6,400,000 | 100.0 |
Cash actually received, if any, and shares actually allotted may be lower. Ledger entries in the cabinet are operational records, not by themselves a certified register of members.
Independent accountant
The Company has not commissioned, and this page does not reproduce, an audit opinion of a statutory auditor on the placement proceeds or on a 2026 balance sheet. Persons who require audited accounts should not treat this page as a substitute. An auditor for statutory annual accounts will be appointed in the ordinary course; that appointment, when made, will be a matter of the Company’s filings, not of this webpage.
Signed: K. Mercer, Director, Smartocule Ltd, Limassol, 2 September 2026.
No ISA audit opinion is given