VICKERS VANTAGE CORP. I

VANTAGE CORP. I EXTENDS TIME TO COMPLETE BUSINESS COMBINATION

YORK, NY, April 11, 2022 (GLOBE NEWSWIRE) -- Vickers Vantage Corp. I (Nasdaq: VCKAU, VCKA, VCKAW) ("Vickers"

or the "Company"), a Cayman Islands exempted company, announced today that it has further extended the time it has to consummate

an initial business combination by an additional three months pursuant to the Company's Amended and Restated Memorandum and Articles

of Association. In connection with the extension, the Company's sponsors have deposited an aggregate of $1,035,000 into the trust

account established in connection with the Company's initial public offering. The deposit was made in the form of a non-interest

bearing loan. If the Company completes an initial business combination, the Company will repay such loaned amounts. If the Company does

not complete a business combination, it will repay such loans only from funds held outside of the trust account. The Company now

has until July 11, 2022 to consummate an initial business combination. If the Company is unable to complete a business combination by

such date (and the Company does not extend such date by an additional three months as provided for in the Company's Amended and

Restated Memorandum and Articles of Association), it will then liquidate.

Vantage Corp. I is a Cayman Islands exempted company incorporated as a blank check company for the purpose of entering into a merger,

share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more

businesses or entities. The Company's efforts to identify a prospective target business is not limited to a particular industry

or geographic region. The Company is led by Jeffrey Chi, Chairman and Chief Executive Officer, Chris Ho, Chief Financial Officer and

Director, and Special Advisor Dr. Finian Tan.

press release includes "forward-looking statements" that are not historical facts, and involve risks and uncertainties that

could cause actual results to differ materially from those expected and projected. Words such as "expects", "believes",

"anticipates", "intends", "estimates", "seeks" and variations and similar words and expressions

are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance,

but reflect Vickers management's current beliefs, based on information currently available. A number of factors could cause actual

events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.

For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking

statements, please refer to the Risk Factors section of Vickers' Annual Report on Form 10-K for the year ended December 31, 2021

and Vickers' other filings with the Securities and Exchange Commission. Except as expressly required by applicable securities law,

Vickers disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information,

future events, or otherwise.

Ten, Senior Account Executive, SPRG