109NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE UNLAWFUL.

20 August 2021

Auction Technology Group plc

("ATG", the "Company")

Result of General Meeting

ATG announces that at today's General Meeting the ordinary resolutions regarding the acquisition by ATG of Platinum Parent, Inc., the holding company of LiveAuctioneers (the "Acquisition") as described in the circular to the shareholders of ATG dated 4 August 2021 (the "Circular"), were duly passed.

The proxy voting figures for the resolutions are set out below:

Note:

1.         The full text of the resolutions is set out in the notice of general meeting at the back of the Circular.

2.         Percentages are expressed as a proportion of the total votes cast.

3.         A vote withheld is not a vote in law and is not included in the calculation of the votes "For" or "Against" the resolution.

4.         Any proxy appointments which gave discretion to the Chairman have been included in the "For" total.

The Company's issued share capital at 20 August 2021 was 119,999,990 ordinary shares, with no ordinary shares in treasury.

Completion of the Acquisition is conditional upon approval by the Competition and Markets Authority ("CMA") in the UK.

A copy of the resolutions passed at the General Meeting has been submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2R.

The proxy voting information will shortly be available on the Company's website at https://www.auctiontechnologygroup.com/investors/

Enquiries

Important Notice

This announcement is for information purposes only and does not constitute a prospectus or prospectus equivalent document. Nothing in this announcement shall constitute an offer or invitation to underwrite, buy, subscribe, sell or issue of the solicitation of an offer to buy, sell, acquire, dispose or subscribe for shares of any other securities. Nothing in this announcement should be interpreted as a term or condition of the Acquisition.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.

This announcement may include "forward-looking statements". All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's products and services) are forward-looking statements.

Forward-looking statements are subject to risks and uncertainties and accordingly the Company's actual future financial results and operational performance may differ materially from the results and performance expressed in, or implied by, the statements.

These forward-looking statements speak only as at the date of this announcement. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect actual results or any change in the assumptions, conditions or circumstances on which any such statements are based unless required to do so by the Financial Services and Markets Act 2000, applicable market abuse legislation, the Listing Rules or Prospectus Regulation Rules of the Financial Conduct Authority or other applicable laws, regulations or rules.

The availability of this announcement and/or the Circular to Shareholders who are not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions in which they are resident (including affecting the ability of such Shareholders to vote their shares with respect to the Acquisition). Persons who are not resident in the United Kingdom or who are subject to the laws and/or regulations of another jurisdiction should inform themselves of, and should observe, any applicable requirements. Any failure to comply with any such restrictions may constitute a violation of the securities laws of such jurisdiction.