Rule 2.8 Announcement

Further to the announcement on 16 May 2025 regarding a possible offer for Craneware plc ("Craneware"), Bain Capital Private Equity (Europe), LLP ("Bain Capital"), in its capacity as an adviser to the funds managed and/or advised by it or its affiliates (the "Bain Capital Funds"), confirms that it does not intend to make a firm offer for Craneware.

This is a statement to which Rule 2.8 of the Code applies. Accordingly, Bain Capital and any person(s) acting in concert with it will, except with the consent of the Panel on Takeovers and Mergers (the "Takeover Panel"), be bound by the restrictions set out in Rule 2.8 of the Code. Under Note 2 of Rule 2.8 of the Code, Bain Capital, and any person(s) acting in concert with it, reserves the right to set the restrictions in Rule 2.8 of the Code aside in the following circumstances:

• with the agreement of the Board of Directors of Craneware;
• following the announcement of a firm intention to make an offer for Craneware by, or on behalf of, a third party;
• following the announcement by Craneware of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of the Code), or a reverse takeover (as defined by the Code); or
• where the Takeover Panel has determined that there has been a material change in circumstances.

Bain Capital also reserves the right to acquire shares of Craneware, subject to, and in accordance with, the Code and other applicable regulations.