1 February 2023

Gledhow Investments plc

("Gledhow" or the "Company")

AQSE: GDH

Audited Final Results to 30 September 2022

Notice of Annual General Meeting

The Company is pleased to present the Annual Report and Financial Statements for the year ended 30 September 2022.

The directors continue to follow the same investment strategy, namely to invest in small to medium sized undervalued or fast growing companies, with the investment objective of achieving long term capital growth in excess of the FTSE All Share Index.

The Company had cash of £111,937 at the year-end (2021: £524,643). The pre-tax loss was £1,064,259 (2021: pre-tax profit of £841,890).

During the year, on 25 February 2022, the Company bought back 9,949,084 Ordinary Shares to be held in treasury at 1.75 pence per share

In what proved to be a difficult year in the stock market, the book value of the Company’s investments declined by £920,657.

The Company has continued to build up positions in AIM, LSE and Aquis Exchange traded companies, including those companies at early stages of development, and some pre-IPO investments. Of the companies in the portfolio at the year end, the Company held approximately 36% in AQSE Growth Market companies, approximately 56% in AIM and LSE quoted/listed companies, and a small percentage in private companies, having invested on a pre-IPO basis. The Directors caution that there is a historically perceived lack of liquidity generally in AQSE Growth Market traded companies and that these investments may not be readily realisable into cash.

The Company does not recommend the payment of a dividend for the year end to 30 September 2022. The Notice of Annual General Meeting is set out at the back of the annual report and accounts, and can be found at the end of this announcement.

The full audited financial results to 30 September 2022 will shortly be availably on the Company website at http://www.gledhowinvestments.com/

G R Miller

Managing Director

31 January 2023

The Directors of the Company accept responsibility for the contents of this announcement.

Enquiries:

Guy Miller: + 44 (0) 7220 9795 (Gledhow Investments plc)

Statement of Comprehensive Income for the year ended 30 September 2022

The income statement has been prepared on the basis that all operations are continuing operations.

Statement of Financial Position as at 30 September 2022

The financial statements were approved by the Board and authorised for issue on 31 January 2023.

G R Miller

Director

Company No. 03848331

Statement of Changes in Equity for the year ended 30 September 2022