Purchase of Ordinary Shares by EBT

FRP Advisory Group plc, a leading national specialist business advisory firm, announces that JTC Employer Solutions Trustee Limited as trustees of the FRP Advisory Group plc Employee Benefit Trust (the "EBT") purchased 3,506,147 ordinary shares of 0.1p each in the Company ("Ordinary Shares") on 20 May 2026 from certain existing and former Partners of the Company at a price of 113 pence per Ordinary Share (the "EBT Purchase").

The EBT Purchase follows the announcement on 27 April 2026 of the lock-in deeds entered into by the Company and existing and former Partners of the Company (the "Partner Shareholders") (the "Lock-In Deeds"). In conjunction with the announcement and following the publication of the Company's full year trading update on 15 May 2026, an opportunity for a liquidity event was provided to the Partner Shareholders to sell up to approximately 10.1 million Ordinary Shares.

Total indications received from the Partner Shareholders were to sell 3,601,769 Ordinary Shares, and it was determined that 3,506,147 Ordinary Shares would be purchased by the EBT. Geoff Rowley, Chief Executive Officer of the Company, and Jeremy French, Chief Operating Officer of the Company, did not participate.

Following the EBT Purchase, approximately 43.5 million Ordinary Shares remain subject to the Lock-In Deeds, representing approximately 17 per cent. of the Company's issued share capital.

The EBT now holds 12,028,041 Ordinary Shares, representing approximately 4.6 per cent. of the Company's issued share capital.