No intention to make an offer for ATG plc

On 29 January 2026, FitzWalter was informed that the Board had unanimously rejected FitzWalter's proposed offer of 400 pence per ATG share. In light of the Board's rejection and refusal to facilitate access to due diligence, FitzWalter confirms that it does not intend to make an offer for ATG.

This is a statement to which Rule 2.8 of the Code applies. Accordingly, FitzWalter and any person(s) acting in concert with it will, except with the consent of the Panel on Takeovers and Mergers (the "Takeover Panel"), be bound by the restrictions set out in Rule 2.8 of the Code, including that it will not be able to make an offer for ATG, subject to the exceptions in Rule 2.8, for six months from the date of this announcement. Under Note 2 on Rule 2.8 of the Code, FitzWalter, and any person(s) acting in concert with it, reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:

• with the agreement of the board of directors of ATG;
• following the announcement of a firm intention to make an offer for ATG by, or on behalf of, a third party;
• following the announcement by ATG of a Rule 9 waiver proposal (see Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); or
• if there has been a material change of circumstances (as determined by the Takeover Panel).