Disposal

Capita plc (Capita) has today completed the sale of Capita One Limited, its standalone software business, to MRI Software, receiving net cash proceeds of approximately £180m, in line with the terms announced on 9 July 2024.

The sale of Capita One follows an evaluation of certain activities currently carried out by Capita that are not core to the Group's future strategy. As announced on 13 June 2024 at the Group's Capital Markets Event, standalone software activities are part of the Group's activities that are being managed for value.

As previously outlined, the proceeds of the sale will materially strengthen the Group's financial position while providing funding and optionality for the transformation journey. We expect the Group to have minimal net financial debt at 31 December 2024.

Adjusting for the disposal of Capita One, on a pro-forma pre-IFRS 16 basis as at 30 June 2024, Capita was in a net cash position.

Barclays Bank PLC, acting through its Investment Bank (`Barclays') acted as sole financial advisor and sole sponsor to Capita on the transaction.

About MRI Software

MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI Software's open and connected, AI-first platform empowers agents, owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI Software has been a trailblazer in the PropTech industry for over five decades, serving more than six million users worldwide, including social housing and the public sector. Through innovative solutions and a rich partner ecosystem, MRI Software gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses. For more information, visit https://www.mrisoftware.com/uk/.