Result of Placing in The Gym Group plc

Further to the announcement released earlier today regarding the proposed secondary placing of ordinary shares in The Gym Group plc ("The Gym Group" or the "Company"), Blantyre Capital Limited on behalf of St Andrews Sarl, SICAV-RAIF and/or its affiliates (the "Seller") announces the successful completion of the placing.

A total of 10,033,120 ordinary shares, representing approximately 5.6% of the Company's issued share capital, have been placed with institutional investors and family offices at a price of 140 pence per share (the "Transaction").

Following the Transaction, the Seller will retain a significant shareholding in the Company. In connection with the Transaction, the Seller has agreed to a lock-up undertaking in respect of its remaining shareholding in The Gym Group. This lock-up restricts the disposal of any further shares held by the Seller for a period of 6 months following 15 July 2025, subject to customary exemptions and waiver provisions.

The Gym Group is not a party to nor will receive any proceeds from the Transaction.

The Transaction was conducted by way of an accelerated bookbuild process managed by Rothschild & Co Redburn as sole bookrunner. Ocean Wall Ltd acted as originator and corporate adviser in connection with the Transaction.

No action has been taken by the Seller, Rothschild & Co Redburn or any of their respective affiliates, or any person acting on its or their behalf that would permit an offer of the Placing Shares or possession or distribution of this Announcement or any other offering or publicity material relating to such Placing Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this Announcement comes are required by the Seller and Rothschild & Co Redburn to inform themselves about, and to observe, such restrictions.

No prospectus, offering memorandum, offering document or admission document has been or will be made available in connection with the matters contained in this Announcement and no such prospectus is required (in accordance with Regulation (EU) No 2017/1129 (as amended) (the "EU Prospectus Regulation") or the EU Prospectus Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation")) to be published. Persons needing advice should consult a qualified independent legal adviser, business adviser, financial adviser or tax adviser for legal, financial, business or tax advice.

The Placing has not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission in the United States or any US regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of the Placing, or the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offence in the United States.

This Announcement has not been approved by the Financial Conduct Authority (the "FCA") or the London Stock Exchange.