Company: BDRX
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001214659-25-016821
Chunk: 102

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: F-1
Chunk 102
---
 any distribution described above is not practicable with respect to any or all ADR holders, the depositary
may choose any method of distribution that it deems practicable for such ADR holder, including the distribution of some or all of any
cash, foreign currency, securities or other property (or appropriate documents evidencing the right to receive some or all of any such
cash, foreign currency, security or other property), and/or it may retain some or all of such items, without paying interest on or investing
them, on behalf of the ADR holder as deposited securities, in which case the Depositary Shares will also represent the retained items.
To the extent the depositary does not reasonably believe it will be permitted by applicable law, rule or regulation to convert foreign
currency into U.S. dollars and distribute such U.S. dollars to some or all of the ADR holders, the depositary may in its discretion distribute
the foreign currency received by the depositary to, or hold such foreign currency uninvested and without liability for interest thereon
for the respective accounts of, the ADR holders entitled to receive the same. To the extent the depositary holds such foreign currency,
any and all costs and expenses related to, or arising from, the holding of such foreign currency shall be paid from such foreign currency
thereby reducing the amount so held.

Any U.S. dollars will be paid
via wire transfer and/or distributed by checks drawn on a bank in the United States for whole dollars and cents. Fractional cents will
be withheld without liability and dealt with by the depositary in accordance with its then current practices.

The depositary is not responsible if it fails to determine that any distribution or action is lawful or reasonably practicable.

There can be no assurance that the depositary will be able to convert any currency at a specified exchange rate or sell any property, rights, shares or other securities at a specified price, nor that any of such transactions can be completed within a specified time period. All purchases and sales of securities will be handled by the depositary in accordance with its then current policies, which are currently set forth on the “Disclosures” page (or successor page) of www.adr.com(as updated by the depositary from time to time, “ADR.com”).

| 65 |

Deposit, Withdrawal and Cancellation

How does the depositary issue Depositary Shares?

The depositary will issue
Depositary Shares if you or your broker deposit Ordinary Shares or evidence of rights to receive Ordinary