Acquisition of further shares in Tribal Group plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

THIS ANNOUNCEMENT RELATES TO THE RECOMMENDED CASH OFFER FOR TRIBAL GROUP PLC, TO BE IMPLEMENTED BY SCHEME OF ARRANGEMENT, ANNOUNCED UNDER RULE 2.7 OF THE TAKEOVER CODE

Jenzabar, Inc.

Acquisition of further shares in Tribal Group plc

Further to its announcement yesterday, Jenzabar, Inc. ("Jenzabar") confirms that it has agreed to acquire a further 11,663,313 shares in Tribal Group plc ("Tribal"), increasing its aggregate ownership to 56,139,342 shares, which represents 26.45% of Tribal's issued share capital.

As previously stated, Jenzabar strongly opposes the offer announced by Ellucian Company L.P. ("Ellucian") on 5 October 2023 to acquire the entire issued and to be issued share capital of Tribal at 74 pence per share by way of a scheme of arrangement (the "Ellucian Offer") and will vote all of its shares against the Ellucian Offer in any general meeting or other shareholder vote undertaken by Tribal to effect its implementation.