Half year results

Ascension Capital Limited (NZX: ACE) has released its unaudited interim financial statements for the six month period ended 30 September 2021 The financial result for the Group for the six months ended 30 September 2021 is a loss after taxation of NZ$83,449, which is largely made up of the directors' fees, NZX listing costs, legal and accounting costs. During the course of the half year period, the focus of the Board has been to identify a suitable business opportunity to invest in and/or acquire through a reverse takeover ("RTO") transaction. Currently, there are no new RTO initiatives being actively investigated, but the Company will provide the market with any updates as to material developments as they may arise. Post the end of the half year period, on 5 November 2021, the Company implemented a 100 to one share consolidation. In terms of the consolidation, the number of shares on issue was consolidated down from 1,914,888,105 shares to 19,148,881 shares. The Board believes that the consolidation initiative provides the Company with a more "user friendly" capital structure for the purposes of an RTO transaction in the future. We thank you for your continued patience and support and look forward to working hard to ultimately provide you with an RTO transaction proposal to consider during the first half of the 2022 calendar year End CA:00383690 For:ACE Type:HALFYR Time:2021-11-26 15:23:01