New Factoring Facility

Sabien Technology Group plc (AIM: SNT), a leader in Green Aggregation Strategy, will be entering into an invoice factoring facility with Parris Group Limited ("PGL"), the family office of Richard Parris, the Company's Executive Chairman (the "Facility"). The Facility will provide working capital for the Company as it expands sales of its M2G Cloud Connect service. The Facility is in addition to the funding already provided by PGL, as announced on 20 August 2024.

The Facility, which is subject to final contract, will have the following key terms:

• provide a non-recourse advance of 80% against any invoices assigned by Sabien Technology Limited, the Group's wholly owned UK trading subsidiary, responsible for the M2G Cloud Connect business;
• a finance charge of 2.5% per month on any advances, deducted from the proceeds of the assigned invoices;
• will be secured by way of a debenture.

Related party transactions

PGL is a company controlled by Richard Parris, a director of the Company, so the Facility constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. Accordingly, the Independent Directors being Ed Sutcliffe, Charles Goodfellow and Ranald McGregor-Smith consider, having consulted with the Company's nominated adviser, Allenby Capital Limited, that the terms of the Facility are fair and reasonable insofar as Sabien's shareholders are concerned.

CFO's Comments

Ed Sutcliffe, CFO, commented:

"Sabien thanks Parris Group Limited for its continuing support. This facility will enable Sabien to deliver on its existing sales order pipeline, ensuring timely execution and fulfilment of customer commitments. It marks a significant step forward in scaling operations to meet growing demand."