Proposed Retail Offer to raise up to £1 million

Mpac Group plc ("Mpac" or the "Company") (AIM: MPAC), the AIM quoted global leader in high-speed packaging and automation solutions, is pleased to announce a retail offer via the BookBuild Platform (the "Retail Offer") of new ordinary shares of 25 pence each (the "Ordinary Shares") in the capital of the Company (the "Retail Offer Shares") to raise gross proceeds (before fees and expenses) of up to £1 million. Pursuant to the Retail Offer, up to 250,000 Retail Offer Shares will be made available at an issue price of 400 pence per Retail Offer Share (the "Issue Price").

In addition to the Retail Offer, and as announced by the Company earlier today, the Company is conducting a placing of new Ordinary Shares (together with the Retail Offer Shares, the "New Ordinary Shares") at the Issue Price (the "Placing") to raise gross proceeds (before fees and expenses) of £29 million. A separate announcement has been made regarding the Placing and its terms. For the avoidance of doubt, the Retail Offer is not part of the Placing.

The Retail Offer Shares, will represent approximately 1.2 per cent. of the existing issued ordinary share capital of the Company and the Issue Price represents a discount of approximately 3.6 per cent. to the closing mid-market price of 415 pence per existing Ordinary Share on 30 September 2024, being the latest practicable date prior to the publication of this announcement.

The net proceeds from the Retail Offer are expected to be used for general working capital purposes including reducing the Company's debt levels.

The Retail Offer is conditional upon, amongst other things, completion of the Placing and the New Ordinary Shares being admitted to trading on the AIM market ("AIM") operated by the London Stock Exchange plc (the "London Stock Exchange") ("Admission"). The issue of the New Ordinary Shares remains subject to the passing of certain resolutions at a general meeting of the Company to be held at 2 Argosy Court, Coventry, CV3 4GA on Friday 18 October 2024 at 9.00 a.m.

Admission, settlement and dealings

Application will be made to the London Stock Exchange for the Retail Offer Shares to be admitted to trading on AIM. Admission is expected to take place at 8.00 a.m. on 21 October 2024 and dealings in the Retail Offer Shares are expected to commence at 8.00 a.m. on 21 October 2024 or, in each case, such later time and/or date as the Joint Bookrunners and the Company agree (being in any event no later than 8.00 a.m. on 28 October 2024).

The ISIN number of the New Ordinary Shares is GB0005991111. The TIDM is MPAC.

Expected timetable in relation to the Retail Offer

2024

Retail Offer

The Company values its retail shareholder base, which has supported the Company for many years. Given the support of retail shareholders, the Company believes that it is appropriate to provide its retail shareholders in the United Kingdom the opportunity to participate in the Retail Offer. The Company is therefore making the Retail Offer available in the United Kingdom through the financial Intermediaries (as defined below) which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/Y15Y61/authorised-intermediaries

The Retail Offer will be open to eligible investors in the United Kingdom at 9.00 a.m. on 1 October 2024. The Retail Offer is expected to close at 4.30 p.m. on 7 October 2024. Investors should note that Intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed.

There is a minimum subscription of £100.00 per investor under the terms of the Retail Offer which is open to investors in the United Kingdom subscribing via the Intermediaries which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/Y15Y61/authorised-intermediaries

The Company's LEI is 213800J3KUDYLRHHU562.

INFORMATION TO DISTRIBUTORS

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