5 January 2021

Ridgecrest plc

("Ridgecrest" or the "Company")

Completion of Disposal and change of name and website address

Ridgecrest (formerly Nakama Group plc) announces the completion of the disposal of its operating businesses to Sanderson Group. Accordingly, the Company is now an AIM Rule 15 cash shell and the Board changes set out in the Company's announcement of 29 December 2020 have now taken effect.

Change of Name

The Company's change of name has been effected by the Registrar of Companies and accordingly, the Company has changed its name to Ridgecrest plc. With effect from 8:00am today, trading on AIM will commence under the Company's new name and the Company's TIDM will be 'RDGC.L' (previously NAK.L). The Company's ISIN (GB0004251970) and SEDOL (0425197) remain unchanged. Shareholders should note that their shareholdings will be unaffected by the change of name. Existing share certificates should be retained by Shareholders holding Ordinary Shares in certificated form as they will remain valid for all purposes and no new share certificates will be issued.  

In order to reflect the Company's new name, the Company's website will be changed to www.ridgecrestplc.com later on today.  The information required pursuant to AIM Rule 26 will be available at this address.

Defined terms used in this announcement have the same meaning as in the Company's announcements of 9 December 2020 and 29 December 2020, unless the context requires otherwise.

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