Proposed Sale Of Shares - Auction Technology Group

PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

PROPOSED PLACING OF ORDINARY SHARES IN AUCTION TECHNOLOGY GROUP PLC ("ATG" OR THE "COMPANY") REPRESENTING APPROXIMATELY 5.0% OF THE COMPANY'S ISSUED SHARE CAPITAL

TA Associates announce its intention to sell ordinary shares of 0.01 pence each (the "Placing Shares") representing approximately 5.0% of the Company's issued share capital through a placing to institutional investors (the "Placing").

The Placing Shares will be sold by TA Associates through its sub-funds TA XIII-A L.P., TA XIII-B L.P., TA Investors XIII L.P., TA Investors IV EU AIV L.P. and TA Subordinated Debt Fund IV L.P. (together, the "Sellers").

TA Associates currently owns approximately 17.6% of the Company's issued share capital, corresponding to approximately 21.4 million shares.

The price per Placing Share will be determined by way of an accelerated bookbuilding process to institutional investors. The bookbuilding period will commence immediately following this announcement, and may close at any time on short notice. J.P. Morgan Securities plc ("J.P. Morgan"), which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove") is acting as sole global coordinator and sole bookrunner in connection with the Placing.

The Sellers will be locked up in respect of their residual holdings until 60 days post settlement of the Placing, subject to customary exceptions.

The final number of Placing Shares to be placed will be agreed by J.P. Morgan Cazenove and the Sellers at the close of the bookbuilding process, and the results of the Placing will be announced as soon as practicable thereafter.

ATG will not receive any proceeds from the Placing.