• Offer of 1 New Option for every 1 Expired Option held by Eligible Option Holders
• New Options exercisable at $0.78 and expiring on 30 November 2027
• New Options to be listed on ASX under the code SMNOA

Structural Monitoring Systems Plc is offering Eligible Option Holders the opportunity to replace their expired SMNO Options with new listed options (New Options) under the New Option Offer. The key terms of the offer are: 1) Up to 14,044,849 New Options will be issued, with each New Option exercisable at $0.78 and expiring on 30 November 2027. 2) Eligible Option Holders are those with a registered address in Australia or New Zealand who held the expired SMNO Options as at the Record Date of 5 April 2024. 3) Eligible Option Holders will receive 1 New Option for every 1 expired SMNO Option held. 4) The New Options will be listed on the ASX under the code SMNOA and will rank equally with existing SMNOA Options. 5) Each New Option gives the holder the right to subscribe for 1 CDI by paying the Exercise Price before the Expiry Date. The primary purpose of the offer is to reward Eligible Option Holders for their continued support of the Company.