Proposed Secondary Placing of Ordinary Shares

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

PROPOSED SECONDARY PLACING OF APPROXIMATELY 21.5 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 its intention to sell approximately 21.5 million ordinary shares in the capital of BCG (the "Placing Shares") by way of an accelerated bookbuild to institutional investors (the "Placing"). The Placing Shares represent approximately 4.4% of BCG's issued share capital. The Placing Shares rank pari passu in all respects with BCG's ordinary shares.

Antler currently owns 130,092,378 ordinary shares representing approximately 27% of BCG's issued share capital.

The price per Placing Share will be determined by way of an accelerated bookbuilding process to institutional investors. The bookbuilding period will commence today, 8 May 2024, and may close at any time on short notice. The results of the Placing, including the number of Placing Shares to be sold and the price per Placing Share, will be announced as soon as practicable after the closing of the bookbuilding process.

To permit the Placing, the Global Coordinator has waived the 90 day lock-up undertaking that was agreed in connection with the previous placing undertaken by Antler in March 2024.

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