(1) | Consists of 10,782,431 American Depositary Shares, or ADSs, representing 21,564,862,000 ordinary shares, par value $0.0001 per share, or ordinary shares, of Akari Therapeutics, Plc, or the Registrant, consisting of (i) 947,868 ADSs issued to certain selling shareholders in a private placement, or the December Private Placement; (ii) 1,320,614 ADSs issued to certain selling shareholders in a private placement, or the March Private Placement; (iii) 132,061 ADSs issuable upon the exercise of placement agent warrants issued in connection with the March Private Placement; (iv) 4,029,754 ADSs issued to certain selling shareholders in a private placement, or the May Private Placement; (v) 4,029,754 ADSs issuable upon the exercise of warrants issued pursuant to the May SPA; and (vi) 322,380 ADSs issuable upon the exercise of placement agent warrants issued in connection with the May Private Placement. Ordinary shares may be in the form of ADSs. ADSs issuable on deposit of the ordinary shares registered hereby have been registered under a separate registration statement on Form F-6 (File No. 333-185197). Each ADS represents the right to receive 2,000 ordinary shares. |