Company: BDRX
Filing Date: 2025-11-17
Form Type: POS AM
Source: 0001214659-25-016809
Chunk: 63

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: POS AM
Chunk 63
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 the import or export of capital, including the availability of
cash and cash equivalents for use by us, or that may affect the remittance of dividends, interest, or other payments by us to non-resident
holders of our Ordinary Shares or Depositary Shares, other than withholding tax requirements. There is no limitation imposed by English
law or in the Articles of Association on the right of non-residents to hold or vote shares.

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<div align='center'>DESCRIPTION OF AMERICAN DEPOSITARY SHARES</div>

Our Depositary
Shares are deposited pursuant to the Second Amended and Restated Deposit Agreement dated December 18, 2023, among the Company, JPMorgan
Chase Bank, N.A., as depositary, ands holders and beneficial owners of American Depositary Receipts, or the Deposit Agreement. The depositary
registers and delivers the Depositary Shares. Each Depositary Share represents ownership of 100,000 Ordinary Shares that we will deposit
with the custodian, as agent of the depositary, under the Deposit Agreement.

The depositary’s
office is located at 383 Madison Avenue, Floor 11, New York, NY 10179.

The Depositary
Share-to-share ratio is subject to amendment as provided in the form of American Depositary Receipt, or ADR (which may give rise to fees
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