Confirmation of Board Changes

Further to the announcement of proposed Board changes on 14 May 2025, Peel Hunt is pleased to confirm the appointments of Michael Lee and Billy Neve to the Board of the Company as Chief Operating Officer and Group Finance Director respectively with immediate effect.

Michael Lee has had a 25-year career across professional services and investment banking, including 15 years in UK mid-market investment banking at Peel Hunt and before that at Numis (now Deutsche Numis). Michael is a qualified solicitor having held previous roles at Linklaters and Latham & Watkins. Michael has significant experience across legal, risk, compliance, internal audit, governance, strategy, business performance, talent and change management.

Billy Neve has over 15 years of experience in finance management roles across investment banking, asset management and insurance. Billy is a chartered management accountant and has considerable experience in financial reporting, strategy, budgeting and regulatory compliance.

Michael James Lee, aged 47, is, or has been, a director or partner of the following companies or partnerships during the past five years:

Michael Lee holds 10,755 Peel Hunt ordinary shares of no par value, representing 0.01% of the Company's voting rights.

Billy Robin Neve, aged 35, is, or has been, a director or partner of the following companies or partnerships during the past five years:

The Little Dining Club Ltd

Billy Neve holds 30,973 Peel Hunt ordinary shares of no par value, representing 0.03% of the Company's voting rights.

There are no other matters required to be disclosed pursuant to Rule 17 or paragraph (g) of Schedule Two to the AIM Rules for Companies regarding Michael Lee's and Billy Neve's appointments.