Smart Metering Systems plc (AIM: SMS.L) ("SMS" or the "Company") is pleased to announce that both resolutions put to shareholders at the General Meeting of the Company held earlier today were duly passed, each with 96.37 per cent. of votes in favour.

As a result, the Company will issue 19,453,777 new ordinary shares of 1p each (the "New Ordinary Shares"). The New Ordinary Shares will be issued credited as fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that trading will commence at 8.00 a.m. on 4 October 2021. The total issued share capital of the Company, as increased by the New Ordinary Shares, immediately following Admission will be 133,321,555 Ordinary Shares.

Capitalised terms not otherwise defined in the text of this Announcement have the meanings given in the Company's announcement regarding the proposed Fundraising released at 4.35 p.m. on 13 September 2021.

For further information, please contact:

Smart Metering Systems plc
0141 249 3850
Alan Foy, Chief Executive Officer
Dilip Kejriwal, Investor Relations

Cenkos Securities plc (Joint Bookrunner and Nomad)
0131 220 6939 / 020 7397 8900
Neil McDonald / Pete Lynch / Adam Rae

Investec Bank plc (Joint Bookrunner)
020 7597 5970
Christopher Baird / Henry Reast

RBC Capital Markets (Joint Bookrunner)
020 7653 4000
Matthew Coakes / Duncan Smith / Evgeni Jordanov

Instinctif Partners
Tim Linacre / Guy Scarborough / Sarah Hourahane 
020 7457 2020

Notes to editors

Smart Metering Systems plc (www.sms-plc.com) is the fully integrated energy infrastructure company owning and managing meter assets, energy data, grid-scale batteries and other carbon reduction (CaRe) assets. The Group manages and optimises these assets through its in-house technology and data analytical platform "METIS".

Established in 1995, SMS provides a full end-to-end service, from funding and installation to management and maintenance, with a highly skilled workforce, deep engineering expertise and well-established industrial partnerships.

SMS is leading the low carbon, smart energy revolution in the UK and is committed to reducing its own carbon emissions to net zero by 2030. In 2019, SMS was also awarded the London Stock Exchange Green Economy Mark.

SMS is headquartered in Glasgow with a national presence across twelve UK locations.

SMS's shares are listed on AIM.