Novacyt S.A.

Half Year Update

Regulatory News:

Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT) ("Novacyt", the "Company" or the “Group”), an international specialist in clinical diagnostics, announces a half year update in advance of its investor meeting today.

Six months revenue ended 30 June 2021

£'000	H1 2021	H1 2020	YoY Growth	YoY Growth
			Actual	%
Total Group Revenue	94,710	63,252	31,458	50%
DHSC Revenue	40,759	18,406	22,353	121%
Non-DHSC Revenue	53,951	44,846	9,105	20%

Unaudited revenue for the first half of 2021 increased over 50% to £94.7 million, compared to £63.3 million for the first half of 2020. Of this total revenue, £54 million came from a mixture of overseas sales and a growing UK private testing market, leading to non-DHSC revenue growing 20% year-on-year.

As announced on 21 May 2021, the DHSC sales of £40.8 million are in dispute.

Business update
Contract award with DHSC under PHE framework
Primerdesign, a wholly owned subsidiary of Novacyt, has been awarded a new contract under the PHE National Microbiology Framework, effective immediately, for the supply of PROmate COVID-19 tests to the NHS. The PROmate COVID-19 tests have been developed to run on the Company’s q16 and q32 PCR instrument platforms. The q16 and q32 near patient PCR instrument platforms using the PROmate COVID-19 test have been validated and can be used at select NHS hospitals. The contract is valued at up to £4.7m and will last until 31 March 2022. There are no minimum purchase levels as part of this contract.