19 January 2017

                                   Kryptonite 1 Plc                                
                           ("Kryptonite 1" or the "Company")                       

                               Investment in SatoshiPay                            

    Kryptonite 1 Plc is pleased to announce that it has subscribed €59,276.82 for
    ordinary shares in SatoshiPay Ltd ("SatoshiPay"), a UK incorporated private
    nanopayment software and blockchain company, as part of a €1 million fundraise
    by SatoshiPay. Following this investment, Kryptonite 1 is interested in
    approximately 1 per cent of SatoshiPay's issued share capital.

    SatoshiPay is developing a two-way payment platform, which enables online
    content providers to monetise their digital content through the acceptance of
    nanopayments. Using the SatoshiPay platform, online media companies are able to
    process nanopayments of €0.05 (5c) or less with minimal transaction fees.
    SatoshiPay technology can also process payments greater than 5c, but the
    company believes the real technical innovation is in relation to nanopayments,
    in some cases being less than 1c.  SatoshiPay is based on blockchain technology
    and currently bitcoins (a cryptocurrency) are the only means of payment.

    SatoshiPay believe its technology will provide a direct alternative to paywalls
    and subscriptions, currently adopted by some media companies, and should
    instead enable users to pay for consumption on a per article, per song or per
    download basis; or for content to be consumed and paid for on an incremental
    basis (payment per paragraph or minute of audio or video content).  SatoshiPay
    works without software download or sign-up for the user (save for creation/top
    up of an online wallet). Payments are instant and the user's wallet balance is
    available on each website that integrates the SatoshiPay software.

    In February 2016, SatoshiPay released a beta version of its product, which
    integrates with WordPress, the world's most popular web publishing platform.
    SatoshiPay introduced its first Application Programming Interface (API) in
    mid-2016, potentially extending the company's reach to all websites, internet
    applications (including mobile apps) and internet connected software. In July
    2016, SatoshiPay announced a collaboration with Visa Europe's innovation
    department relating to a proof of concept project to develop the capability to
    deliver a trusted top-up service to a digital wallet, using just a Visa card. 
    SatoshiPay made an unaudited loss of approximately €210,000 in 2016.

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

                                        -ENDS-                                     

    Contact Details:

    Kryptonite 1 Plc
    Stephen Corran
    +44 (0) 1624 676 716
    scorran@bridgewaters.co.im

    NEX Exchange Corporate Adviser
    Peterhouse Corporate Finance Limited
    Fungai Ndoro and Mark Anwyl
    +44 (0)20 7469 0930

    This announcement contains inside information as defined in Article 7 of the
    Market Abuse Regulation No. 596/2014 ("MAR") and is disclosed in accordance
    with the Company's obligations under Article 17 of MAR.