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KR1 plc - Investment: Automata Network
9th March 2021, 07:01
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9 March 2021

                                    KR1 PLC

                           ("KR1" or the "Company")

                         Investment: Automata Network

KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce that the Company has invested a total of US$200,000 into Automata
Network's seed funding round and will receive a yet-to-be-determined amount of
Automata ("ATA") tokens. KR1 led the seed funding round alongside Alameda
Research and other respected investors such as IOSG Ventures, Divergence
Ventures and Genesis Block.

Automata Network is a decentralised protocol that provides middleware-like
traceless privacy services for decentralised applications on multiple
platforms, including Ethereum, Polkadot and Binance Smart Chain, to achieve
privacy, high assurance and frictionless computation.

The Automata Network team started the project in 2019 with the relevant
research having been published in top tier conferences like Usenix Security and
RAID. Recently, Automata Network received a grant from the Web3 Foundation and
successfully completed the 'Web 3.0 Bootcamp'.

Deli Gong, Co-Founder of Automata Network, commented:

"Where Automata Network differs from the existing market is our wide-lens
focus, not only on ensuring uncompromised privacy, but also in the purposeful
design of our services to be seamlessly integrated onto existing platforms such
as Ethereum and Polkadot. Blockchain is increasingly being defined by, and as,
an era where community is such an integral part of the value creation process.
With the deployment of Automata Network, we aim to make every user interaction
along the data chain private, intuitive and secure once more."

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

"We have witnessed the abuse of private data in the Web 2.0 era and its severe
consequences for the public. Privacy services like Automata form a crucial
element in the vision of a fully decentralised web and allow developers and
their users to finally take back control. With services such as front-running
prevention for traders, anonymous voting, tamper proof data sources for oracles
and speedy cross chain transactions, we see Automata as a key infrastructure
piece in the emerging Web 3.0 stack and a brilliant addition to the KR1
portfolio."

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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