Publication of Prospectus and Trading Update

Publication of Prospectus

Further to its announcement on 31 March 2026, MAB is pleased to announce the publication of a prospectus (the "Prospectus") in relation to the proposed admission of its entire issued share capital, comprising ordinary shares of 0.1 pence each (the "Ordinary Shares") to the Equity Shares (Commercial Companies) category of the Official List maintained by the Financial Conduct Authority (the "FCA") and to trading on the main market for listed securities of the London Stock Exchange (the "Main Market") (together "Admission").

It is expected that both Admission and cancellation of the Ordinary Shares from trading on AIM will take place at 8:00 a.m. on 1 May 2026. The last day of trading in the Ordinary Shares on AIM is therefore expected to be 30 April 2026.

Admission will be effected through an introduction of the Company's existing Ordinary Shares to listing on the Official List and to trading on the Main Market and there will be no offering of any Ordinary Shares nor any other securities in connection with Admission. Following Admission, the Ordinary Shares will continue to be registered under their existing ISIN, GB00BQSBH502, and will continue to trade under the ticker MAB1.

The Prospectus has been approved by the FCA and will shortly be available to view on MAB's website at mortgageadvicebureau.com/investor-relations. A copy of the Prospectus will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Trading update

At the Final Results announced on 17 March 2026, the Company noted that it had entered 2026 with good momentum. This has continued, with mortgage applications in the first 16 weeks of 2026 19% higher year-on-year. Notwithstanding macroeconomic uncertainty relating to the situation in the Middle East, the Company continues to trade in line with the Board's expectations, with refinancing activity expected to remain robust through the remainder of 2026 and the business well placed to deliver further profitable growth.

Through its partner firms, known as Appointed Representatives (ARs), MAB has over 2,100 advisers providing expert advice across mortgages, specialist lending, protection and general insurance products. MAB supports its AR firms with proprietary technology and services, including adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.