Venture Life : 2022 Annual Report Presentation

This document (the "Presentation") is being provided to a limited number of parties who have previously expressed an interest in acquiring an interest (the "Investor Interest") in Venture Life Group plc (the "Company"). If you are in any doubt about the investment to which the Presentation relates, you should consult a person authorised by the Financial Conduct Authority who specialises in advising on securities of the kind described in this document.

You acknowledge that the Presentation is confidential and intended for you only and you agree that you will not forward, reproduce or publish the Presentation to any other person.

The sole purpose of the Presentation is to assist the recipient in deciding whether it wishes to proceed with an investment in the Company and in determining the level of any offer for an interest in the Company, but is not intended to form, and shall not be treated as, the basis of any investment decision or any decision to purchase an interest in the Company. The Presentation is not a prospectus and interested parties should not subscribe for or purchase an Investor Interest on the basis of the Presentation. The Presentation does not constitute an offer to sell or an invitation for offers to purchase or acquire any securities or any of the business or assets described therein. The information set out in the Presentation will not form the basis of any contract. Any successful purchaser of an Investor Interest will be required to acknowledge in writing that it has not relied on or been induced to enter any agreement by any representation or warranty, save as expressly set out in such agreement.

The Company has provided the information in the Presentation, which does not purport to be comprehensive and has not been fully verified by the Company or any of its shareholders, directors, advisers, agents or affiliates. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by the Company or any of its officers, employees or agents or any other person as to or in relation to the accuracy or completeness of the Presentation or the information or opinions contained therein or supplied therewith or any other written or oral information made available to any interested party or its advisers and no responsibility or liability is accepted for the accuracy or sufficiency of any of the information or opinions, for any errors, omissions or mis-statements, negligent or otherwise, or for any other communication, written or otherwise, made to anyone in, or supplied with, the Presentation or otherwise in connection with the proposed sale of the Investor Interest. In particular, no representation or warranty is given as to the achievement or reasonableness of any future projections, management estimates, prospects or returns. Accordingly, none of the Company nor any of its shareholders, directors, advisers, agents or affiliates shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement or omission in, or supplied with, the Presentation or in any future communications in connection with the acquisition of an Investor Interest in the Company. Nothing in this disclaimer purports to exclude liability for fraud.

The recipient agrees to keep confidential any written or oral information contained herein or otherwise made available in connection with the Company. The Presentation must not be copied, reproduced, distributed or passed to others at any time. The recipient has further agreed to return all documents and other material held by it relating to the project referred to in the Presentation upon request. The Presentation has been delivered to interested parties for information only and upon the express understanding that such parties will use it only for the purpose set out above. The Company does not undertake any obligation to provide the recipient with access to any additional information or to correct any inaccuracies herein which may become apparent, and they reserve the right, without advance notice, to change the procedure for the acquisition of an Investor Interest or to terminate negotiations at any time prior to the completion of such acquisition. The issue of the Presentation shall not be taken as any form of commitment on the part of the Company or its owners to proceed with any transaction.

The contents of this document have not been approved for the purposes of section 21 of the Financial Services and Markets Act 2000 ("FSMA"). The Presentation is only being made available to persons who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) and authorised persons or exempt persons within the meaning of FSMA or to persons of the kind described in Articles 19(5) or 49(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. It is not intended to be communicated, distributed or passed on, directly or indirectly, to any other class of persons. It is a condition of your receiving the Presentation that you fall within, and you warrant to the Company that you are such a person. If a recipient of the Presentation does not fall within one of the categories above, it should either return, destroy or ignore the information in the Presentation.

The statements contained in the Presentation may include "forward looking statements" that express expectations of future events or results. All statements based on future expectations rather than on historical facts are forward looking statements that involve a number of risks and uncertainties and the Company does not give any assurance that such statements will prove to be correct. Actual results and developments may differ materially from those expressed or implied by any forward looking statements. Any forward looking statements made by or on behalf of the Company speak only as of the date they are made. The Company does not undertake to update forward looking statements to reflect any changes in expectations, events, conditions or circumstances upon which such statements are made. The Presentation contains (or may contain) unpublished price sensitive information with regard to the Company and/or its securities. Recipients of the Presentation should not deal or encourage any other any other person to deal in the securities of the Company whilst they remain in possession of such unpublished price sensitive information and until the transaction described in the Presentation is announced. Dealing in securities of the Company when in possession of unpublished price sensitive information could result in liability under the insider dealing restrictions set out in the Criminal Justice Act 1993 ("CJA") and the Market Abuse Regulation No. 596/2014 ("MAR"). The Presentation may contain information which is not generally available, but which, if available, would or would be likely to be regarded as relevant when deciding the terms on which transactions in the shares of the Company should be effected. Unreasonable behaviour based on such information could result in liability under MAR or the CJA.

Any prospective purchaser interested in acquiring an Investor Interest in the Company is recommended to seek independent financial advice. Law in certain jurisdictions may restrict the distribution of this document or of the giving of the Presentation and any subsequent offer for sale or sale of the Investor Interest. Persons into whose possession this document or the information from the Presentation comes are required to inform themselves as to and observe any such restrictions. Neither this document, nor any copy of it, may be taken or transmitted into the United States, Canada, Australia, Japan or South Africa or into any jurisdiction where it would be unlawful to do so. Any failure to comply with this restriction may constitute a violation of relevant local securities laws.

No securities of the Company have been or will be registered under the US Securities Act of 1933, as amended (the "Securities Act") or under the securities laws of any state or other jurisdiction of the United States or under the securities laws of Australia, Canada, Japan, New Zealand or the Republic of South Africa and may not be offered, sold, resold, transferred or delivered, directly or indirectly, in or into the United States, Canada, Australia, Japan, New Zealand or the Republic of South Africa or to or for the account or benefit of any US person (within the meaning of Regulation S under the Securities Act). There will be no public offer of securities in the United States.

By accepting receipt of this document or attending the accompanying presentation, you agree to be bound by the limitations and restrictions set out above.

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Full Year Progress - Revenue, EBITDA & Cash Generation *

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Key themes 2022

• Positive impact of 2021 acquisitions, gross margin improvement driven by accretive M&A
• Delivering increased levels of EBITDA margin and cash generation
• Strong order book, comfortably ahead of the same time previous year (like for like)
• Multiple organic revenue growth opportunities in the portfolio, for future growth in UK and overseas
• Another earnings enhancing acquisition HL Healthcare Ltd (incl. Earol), 30th November 2022
• Significant spare operating capacity remains, and scalable further
• Pipeline of potential M&A opportunities with significant resource (RCF) available to utilise

• Supply chain pressures reducing by year end, with strategies in place to continue to protect gross + margin and fulfil demand through difficult trading conditions

• New Board appointments, Paul McGreevy as Non-Executive Chairman and Mark Adams as Non- Executive Director

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