Response to Statement by Bain Capital

THIS IS AN ANNOUNCEMENT OF A POSSIBLE OFFER UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"). THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE AND THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER MAY BE MADE

Craneware plc

("Craneware" or the "Company")

Statement re possible offer by Bain Capital Private Equity (Europe), LLP ("Bain Capital")

The Board of Craneware notes the announcement by Bain Capital Private Equity (Europe), LLP ("Bain Capital") that it is assessing a possible offer for Craneware plc ("Craneware"). The Board of Craneware confirms that no proposal has been received from Bain Capital.

In accordance with Rule 2.6(a) of the Code, Bain Capital is required, by no later than 5 p.m. on 13 June 2025, to either:

• announce a firm intention to make an offer for Craneware under Rule 2.7 of the Code; or
• announce that it does not intend to make an offer for Craneware, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

This deadline will only be extended with the consent of the Panel on Takeovers and Mergers (the "Takeover Panel") in accordance with Rule 2.6(c) of the Code.

A further announcement will be made if and when appropriate.

Rule 2.9 information

The Ordinary Shares are voting shares (each such Ordinary Share carries one vote per Ordinary Share) and are admitted to trading on the AIM market of the London Stock Exchange under the International Securities Identification Number GB00B2425G68.