Result of Secondary Placing of Ordinary Shares

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

SALE OF 25 MILLION ORDINARY SHARES IN BALTIC CLASSIFIEDS GROUP PLC ("BCG")

Antler EquityCo S.à r.l. ("Antler"), which is controlled by funds advised by Apax Partners LLP ("Apax"), announces that it has sold 25 million ordinary shares of BCG, representing approximately 5.1% of BCG's issued ordinary share capital, at a price of 206 pence per share (the "Placing Price") raising gross sale proceeds of £51.5 million.

The sale comprises 23.5 million ordinary shares of BCG (the "Placing Shares") sold by Antler to institutional investors raising gross sale proceeds of approximately £48.4 million (the "Placing") and 1.5 million ordinary shares of BCG sold by Antler to BCG (the "Off Market Purchase"). The Off Market Purchase was conducted at the Placing Price for a total aggregate amount of approximately £3.1 million, pursuant to a contract (the "Buyback Contract") between Antler and BCG, which was approved by the shareholders of BCG at its Annual General Meeting on 27 September 2023.

Following settlement of the Placing and the Off Market Purchase, which is expected to take place on 22 January 2024, Antler will continue to hold approximately 31% of BCG's ordinary shares.

BCG is not a party to the Placing and will not receive any proceeds from the Placing.