• Received binding commitment for $1.337M private placement
• Placement priced at $0.52 per CDI, representing a 10.64% premium
• Funds to be used for product development, manufacturing, and working capital

Structural Monitoring Systems Plc ('SMS' or 'the Company') (ASX: SMN) has announced that it has received a binding commitment to raise up to approximately AUD $1.337 million through a single tranche private placement ('Placement'). The Placement will see the Company issue 2,571,418 new CDIs at an issue price of AUD $0.52 per CDI, representing a 10.64% premium to the last closing price. The Placement also includes three (3) free attaching options for every four (4) Placement CDIs subscribed for, with each Placement Option exercisable at $0.78 and expiring on 30 November 2027. The Placement was granted to New York-based hedge fund Drake Private Investments LLC, an important long-term, institutional, and largest SMS shareholder. The funds raised will be used towards continued product development and manufacturing capacity expansion for high-value opportunities in avionics, including digital audio, radio, and loudspeakers, expanded product development and business development capacity in relation to the Company's CVMTM technology, and general working capital requirements. The Placement complements the Company's recent SPP and placement to institutional and sophisticated investors, which raised approximately $7.2 million and strengthens SMS's balance sheet.