AGM Trading Update

Peel Hunt Limited ("Peel Hunt" or the "Company") today provides the following trading update in relation to the three-month period ended 30 June 2024 ("Q1 FY25"). This statement is issued in advance of the Annual General Meeting which is being held at 1.30pm today.

As reported in our FY24 Results Announcement on 13 June 2024, we have seen some improvement in the macroeconomic backdrop since the start of FY25, with tentative signs of a pick up in equity capital markets ("ECM") activity. During the period, we have advised clients in relation to a number of ECM transactions, including acting as global co-ordinator on two IPOs executed on the London market, and we are encouraged by an increase in activity in both our Execution Services and institutional trading businesses. Consequently, revenues for Q1 FY25 are ahead of the equivalent prior year period and in line with market expectations.