Further Litigation Update

Buddi Litigation

Rickmansworth - 19 January 2026 - Big Technologies plc (AIM: BIG), a leading provider of electronic monitoring solutions, is pleased to announce that the Group has reached full and final settlement with the Claimants (defined below) in respect of the Buddi Litigation (further details of which are set out in the "Litigation Update" announcement that was released at 7:00 a.m. on 12 September 2025 (the "12 September Announcement").

Background

A petition and claim were filed in the High Court of Justice of England and Wales on 2nd August 2023 and 22nd November 2023 respectively alleging that, at the time of the acquisition of Buddi Limited ("Buddi") by the Company in 2018, certain shareholders in Buddi representing aggregate interests of approximately 7.9% (the "Claimants") were wrongly forced (or induced by misrepresentation) to sell their shares in Buddi and were not given the opportunity to reinvest into Big Technologies (the "Buddi Litigation").

Settlement

In return for full and final settlement of the Buddi Litigation, the Group has agreed to pay a total of £38.5m cash to the Claimants. This payment will be split, with £31.5m payable immediately, and the remaining £7.0m payable in eighteen monthly instalments.

As of 30 June 2025, the Group had provided £35.0m in respect of an outflow in relation to the Buddi Litigation.

Post payment of the initial £31.5m settlement amount, the Group would have had cash balances of £61.9m as at 31 December 2025.

Continued mediation, with a view to settlement, with Sara Murray and associated parties

As previously stated, the Company has offered that the claims it has commenced against Sara Murray and others (detailed in the 12 September Announcement) (the "SM Proceedings") be addressed through negotiation (whether via mediation or otherwise) as an alternative route to what will otherwise be protracted litigation. The Company has commenced such discussions with Sara Murray and hopes to be able to progress those further with a view to achieving a consensual outcome to the SM Proceedings on acceptable terms.

Sangita Shah, Big Technologies Interim Chair, said: "Today's settlement is a positive outcome to the protracted Buddi Litigation which draws a line under the significant uncertainty that the Group has faced.

As a Board, we remain committed to continuing discussions directly with Sara Murray in order to resolve the SM Proceedings without further protracted litigation, with a view to reaching an acceptable settlement."

The Company will provide further updates as appropriate.