Company: BDRX
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001214659-25-007341
Chunk: 68

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-12
Form: 424B3
Chunk 68
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) as disclosed on the “Disclosures” page (or successor page) of www.adr.com 
 (as updated by the depositary from time to time, “ADR.com”) and any applicable delivery expenses (which are payable by such  
 persons or ADR holders);                                                                                                     |

| · | transfer or registration fees for the registration of transfer of deposited securities on any applicable 
 register in connection with the deposit or withdrawal of deposited securities; and                       |

| · | fees of any division, branch or affiliate of the depositary utilized by the depositary to direct, manage 
 and/or execute any public and/or private sale of securities under the Deposit Agreement.                 |

To facilitate the administration of various
depositary receipt transactions, including disbursement of dividends or other cash distributions and other corporate actions, the depositary
may engage the foreign exchange desk within the banking division of JPMorgan Chase Bank, N.A., or the Bank, and/or its affiliates in order
to enter into spot foreign exchange transactions to convert foreign currency into U.S. dollars. For certain currencies, foreign exchange
transactions are entered into with the Bank or an affiliate, as the case may be, acting in a principal capacity. For other currencies,
foreign exchange transactions are routed directly to and managed by an unaffiliated local custodian (or other third party local liquidity
provider), and neither the Bank nor any of its affiliates is a party to such foreign exchange transactions.

The foreign exchange rate applied to a foreign
exchange transaction will be either (a) a published benchmark rate, or (b) a rate determined by a third party local liquidity provider,
in each case plus or minus a spread, as applicable. The depositary will disclose which foreign exchange rate and spread, if any, apply
to such currency on the “Disclosures” page (or successor page) of ADR.com. Such applicable foreign exchange rate and spread
may (and neither the depositary, the Bank nor any of their affiliates is under any obligation to ensure that such rate does not) differ
from rates and spreads at which comparable transactions are entered into with other customers or the range of foreign exchange rates and
spreads at which the Bank or any of its affiliates enters into foreign exchange transactions in the relevant currency pair on the date
of the foreign exchange transaction. Additionally, the timing of execution of a foreign exchange transaction varies according to local
market dynamics, which may include regulatory requirements, market hours and liquidity in the foreign exchange market or other factors.
Furthermore, the Bank and