Dividend Declaration & Trading Update

Dividend Declaration

and

Trading Update

M Winkworth plc ("Winkworth" or the "Company"), the leading franchisor of real estate agencies, is pleased to announce that the Company will pay an interim dividend of 3.3p per ordinary share for the second quarter of 2026 to shareholders.

After a positive start to 2026, in recent months trading has been more uneven as a backdrop of political and economic uncertainty has weighed on confidence. H1 2026 sales remained resilient, closely tracking the strong start achieved in 2025, while lettings held up well and were not unduly impacted by the Renters Rights Act, which came into effect on 1 May 2026.

In the first half of the year, the Company opened four new offices and closed one. We continue to focus on bringing talented operators into our network to improve our performance under all market conditions.

The Directors expect revenues and pre-tax profits for the year ending 31 December 2026 to be in line with current market expectations. Excluding the impact of the disposal of the Company's controlling interest in the Crystal Palace office, revenues are expected to be slightly ahead of the prior year on an underlying basis1.

1 Immediately prior to this announcement, analysts' consensus expectations for the year ending 31 December 2026 were revenue of £10.2 million and pre-tax profits of £2.4 million.

The timetable for the payment of the ordinary dividend is as follows:

* Shares bought on or after the ex-dividend date will not qualify for the dividend

** Shareholders must be on the Winkworth share register on this date to receive this dividend