Result Of Placing In Auction Technology Group plc

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

RESULT OF PLACING OF ORDINARY SHARES IN AUCTION TECHNOLOGY GROUP PLC ("ATG" OR THE "COMPANY")

Further to the announcement released on 27 June 2024 in relation to a proposed secondary sale of ordinary shares in ATG (the "Placing"), 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") announce that pursuant to the Placing, the Sellers have sold an aggregate of approximately 6.1 million ordinary shares in the share capital of ATG, by way of an accelerated bookbuild to institutional investors at a price of 525 pence per ordinary share, raising gross proceeds of approximately £32 million.

Following the completion of the Placing, TA Associates will hold approximately 15.3 million ordinary shares in the capital of ATG, representing approximately 12.6% of ATG's issued share capital.

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

J.P. Morgan Securities plc ("J.P. Morgan"), which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove") acted as sole global coordinator and sole bookrunner in connection with the Placing.

ATG will not receive any proceeds from the Placing.