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KR1 Plc
KR1 plc - Investment: LazyLedger Labs
3rd March 2021, 14:20
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3 March 2021

                                    KR1 PLC

                           ("KR1" or the "Company")

                          Investment: LazyLedger Labs

KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce that the Company has invested a total of US$75,000 into Strange Loop
Labs AG, doing business as LazyLedger Labs ("LazyLedger"). KR1 took part in
LazyLedger's seed funding round alongside Cosmos' Interchain Foundation,
Binance, Dokia Capital,  Maven 11 and other respected investors.

LazyLedger is a pluggable consensus and data availability layer to enable
anyone to quickly deploy a decentralised blockchain without the overhead of
bootstrapping a new consensus network.

The founding team of LazyLedger are highly respected decentralised systems
engineers and researchers, who were part of the founding team of Chainspace, a
blockchain project acquired by Facebook, as well as contributors to Ethereum
2.0 and Cosmos' Tendermint.

Mustafa Al-Bassam, Co-Founder of LazyLedger, commented:

"I'm excited about KR1 supporting LazyLedger as they have been around from day
one and the experience they bring is invaluable as one of the oldest funds in
the crypto space."

Keld van Schreven, Managing Director and Co-Founder of KR1, commented:

"LazyLedger is a great project and an opportunity to bring better data
availability to blockchains, which reduces bloat and increases performance. We
believe that LazyLedger is going to play a big role in the next generation of
scalable blockchain architectures."

The Directors of KR1 plc accept responsibility for this announcement.

                                   --ENDS--

For further information please contact:

KR1 PLC
George McDonaugh                                                    +44 (0)16 2467 6716
Keld van Schreven
Simon Nicol                                                                simon@KR1.io

Peterhouse Capital Limited                                     (AQSE Corporate Adviser)
Mark Anwyl                                                          +44 (0)20 7469 0930
Allie Feuerlein

Nominis Advisory Ltd                                                       (PR Adviser)
Angus Campbell                                                                pr@KR1.io

About KR1 plc

KR1 is a leading digital asset investment company supporting early-stage
decentralised and open source blockchain and DeFi projects. Founded in 2016 and
publicly traded in London on the Apex segment of the AQSE Growth Market (KR1:
AQSE), KR1 has built a notable reputation for generating significant returns by
investing in many key projects that are designed to power the decentralised
platforms and protocols that are emerging to form new internet infrastructures.

www.KR1.io

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as
defined in the European Union (Withdrawal) Act 2018).
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