Company: BDRX
Filing Date: 2025-05-01
Form Type: DRS
Source: 0001214659-25-006756
Chunk: 98

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-01
Form: DRS
Chunk 98
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 not intended to,
and shall not, constitute proprietary assets of the depositary, the custodian or their nominees. Beneficial ownership in deposited securities
is intended to be, and shall at all times during the term of the Deposit Agreement continue to be, vested in the beneficial owners of
the Depositary Shares representing such deposited securities. Notwithstanding anything else contained herein, in the Deposit Agreement,
in the form of ADR and/or in any outstanding Depositary Shares, the depositary, the custodian and their respective nominees are intended
to be, and shall at all times during the term of the Deposit Agreement be, the record holder(s) only of the deposited securities represented
by the Depositary Shares for the benefit of the ADR holders. The depositary, on its own behalf and on behalf of the custodian and their
respective nominees, disclaims any beneficial ownership interest in the deposited securities held on behalf of the ADR holders.

Upon each deposit of Ordinary Shares, receipt
of related delivery documentation and compliance with the other provisions of the Deposit Agreement, including the payment of the fees
and charges of the depositary and any taxes or other fees or charges owing, the depositary will issue an ADR or ADRs in the name or upon
the order of the person entitled thereto evidencing the number of Depositary Shares to which such person is entitled. All of the Depositary
Shares issued will, unless specifically requested to the contrary, be part of the depositary’s direct registration system, and a
registered holder will receive periodic statements from the depositary which will show the number of Depositary Shares registered in such
ADR holder’s name. An ADR holder can request that the Depositary Shares not be held through the depositary’s direct registration
system and that a certificated ADR be issued.

How do ADR holders cancel a Depositary Share and obtain deposited securities?

When you turn in your ADR certificate at
the depositary’s office, or when you provide proper instructions and documentation in the case of direct registration Depositary
Shares, subject to the provisions of or governing our Ordinary Shares (including, without limitation, our governing documents and all
applicable laws, rules and regulations), the depositary will, upon payment of certain applicable fees, charges and taxes, deliver the
underlying Ordinary Shares to you or upon your written order. Delivery of deposited securities in certificated form will be made at the
custodian’s office (or from the custodian to the extent