Completion of JBR Auto Holdings Ltd Acquisition

Further to the announcement on 17 June 2024, Shawbrook Group plc (the 'Group') is pleased to confirm that all the necessary regulatory approvals have now been received and the acquisition of JBR Auto Holdings Limited ('JBR'), a UK specialist motor finance lender focused on high-end vehicles, has completed. Marcelino Castrillo, Chief Executive Officer at Shawbrook commented : "This strategic acquisition will enable our expansion into the high-end motor finance sector. We look forward to integrating JBR's expertise with our own, enhancing our ability to support more customers who value a premium experience, flexibility, and certainty when securing finance for their high-end vehicles."

Darren Selig, Founder and Chief Commercial Officer at JBR, said:

"Today is a pivotal milestone in our journey as we join forces with Shawbrook. Combining our expertise with their established platform and extensive resources, will enable us to deliver an even stronger, more comprehensive offering to a growing number of customers within the specialist segment of the motor finance market."