Ilika plc

("Ilika" or the "Company")

Exercise of Options and Total Voting Rights

Ilika (AIM: IKA), a pioneer in solid-state battery technology announces that on 21 April 2023, following the vesting of options under the Company's EMI share option schemes, 5,750 options with an exercise price of 21p, together with 210,000 options with an exercise price of 18.2p, and a further 375,000 options with an exercise price of 25.5p have been converted into ordinary shares of one penny each in the Company ("Ordinary Shares"). Accordingly, the Company has applied to the London Stock Exchange for 590,750 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 27 April 2023.

The options represent in aggregate 0.37 per cent of the Company's issued share capital.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 158,474,367 ordinary shares of one penny each and that number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.  The Company does not hold any shares in treasury.