Proposed Secondary Placing

PSC UK Pty Ltd (the "Selling Shareholder"), a wholly owned subsidiary company of the Ardonagh Group, announces its intention to sell its entire shareholding of approximately 3.6 million ordinary shares (the "Placing Shares") in the capital of B.P. Marsh & Partners Plc ("B.P. Marsh") at a price of 650 pence per Placing Share.

B.P. Marsh has indicated an interest in making on market purchases in the Placing of up to 769,231 Placing Shares, in accordance with its existing buyback authorities granted at B.P. Marsh's Annual General Meeting held on 2 June 2025. Any shares repurchased by B.P. Marsh will be held in treasury at the Company's discretion for later reissue or cancellation.

Panmure Liberum Limited ("Panmure Liberum") is acting for the Selling Shareholder in connection with the Placing.

The Selling Shareholder currently owns 3,626,440 ordinary shares representing approximately 9.8% of B.P. Marsh's issued share capital (excluding treasury shares). The Placing Shares rank pari passu in all respects with B.P. Marsh's ordinary shares.

The final number of Placing Shares to be placed will be agreed by Panmure Liberum and the Selling Shareholder at the close of the bookbuild process, and the results of the Placing will be announced as soon as practicable thereafter. The timings for the close of the bookbuild process are at the absolute discretion of Panmure Liberum.

B.P. Marsh will not receive any proceeds from the Placing.

To the extent that the Selling Shareholder retains an interest in B.P. Marsh shares following completion of the Placing, the Selling Shareholder has undertaken that it will not dispose of any further B.P. Marsh shares for a period of 60 days following completion of the Placing, subject to certain exceptions and waiver by Panmure Liberum.

For further information on B.P. Marsh, its strategy, and current portfolio, please visit www.bpmarsh.co.uk.