Company: BDRX
Filing Date: 2025-04-29
Form Type: POS AM
Source: 0001214659-25-006581
Chunk: 70

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-04-29
Form: POS AM
Chunk 70
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 contemplated
by the form of ADR). In the future, each Depositary Share will also represent any securities, cash or other property deposited with the
depositary but which they have not distributed directly to you.

A beneficial owner is any person or entity having a beneficial ownership
interest in Depositary Shares. A beneficial owner need not be the holder of the ADR evidencing such Depositary Share. If a beneficial
owner is not an ADR holder, it must rely on the holder of the ADR(s) evidencing such Depositary Shares in order to assert any rights or
receive any benefits under the Deposit Agreement. A beneficial owner shall only be able to exercise any right or receive any benefit under
the Deposit Agreement solely through the holder of the ADR(s) evidencing the Depositary Shares owned by such beneficial owner. The arrangements
between a beneficial owner and the holder of the corresponding ADRs may affect the beneficial owner’s ability to exercise any rights
it may have.

An ADR holder shall be deemed to have all requisite authority to act
on behalf of any and all beneficial owners of the Depositary Shares evidenced by the ADRs registered in such ADR holder’s name for
all purposes under the Deposit Agreement and ADRs. The depositary’s only notification obligations under the Deposit Agreement and
the ADRs is to registered ADR holders. Notice to an ADR holder shall be deemed, for all purposes of the Deposit Agreement and the ADRs,
to constitute notice to any and all beneficial owners of the Depositary Shares evidenced by such ADR holder’s ADRs.

Unless certificated ADRs are
specifically requested, all Depositary Shares will be issued on the books of our depositary in book-entry form and periodic statements
will be mailed to you which reflect your ownership interest in such Depositary Shares. In our description, references to American depositary
receipts or ADRs shall include the statements you will receive that reflect your ownership of Depositary Shares.

You may hold Depositary Shares
either directly or indirectly through your broker or other financial institution. If you hold Depositary Shares directly, by having a
Depositary Share registered in your name on the books of the depositary, you are a ADR holder. This description assumes you hold your
Depositary Shares directly. If you hold the Depositary Shares through your broker or financial institution nominee, you must rely on the
procedures of such broker or financial institution to assert the rights of an A