8 September 2022

Cenkos Securities plc

("Cenkos" or the "Company")

Revision of the EBT Share Purchase Plan

Zedra Trust Company (Guernsey) Limited ("Zedra" or the "Trustee") administers the Cenkos Securities EBT (the "EBT") and currently has a trading plan (the "EBT Share Purchase Plan") in place with the Company to purchase ordinary shares of 1p each in the Company ("Ordinary Shares") to meet the future demands in servicing the Company's share schemes and share plans.  The trading plan was due to expire on 31 December 2022 and purchases under it were limited to £300,000 of Ordinary Shares in the Company (by market value) per calendar month.

The Company announces that the authority to make purchases under the EBT Share Purchase Plan has now been reduced to £50,000 (by market value) per calendar month and will continue until further notice.  All previous terms and conditions remain the same as previously announced and the revised terms are as detailed below.

Under the EBT Share Purchase Plan, the Trustee has instructed its broker, to acquire Ordinary Shares for the EBT. Purchases under the EBT Share Purchase Plan are limited to £50,000 of Ordinary Shares (by market value) per calendar month and the maximum price paid for such Ordinary Shares shall be an amount equal to the higher of: (i) 5% above the average of the middle market quotations for such Ordinary Shares for the preceding five business days immediately preceding the day on which the purchase is made; (ii) the price of the last independent trade of Ordinary Shares on the venue where the purchase is carried out; and (iii) the highest current independent bid for an Ordinary Share as derived from the trading venue where the purchase is carried out.  The EBT Share Purchase Plan will, unless terminated by the Trustee at an earlier date, continue until further notice.

Zedra, as Trustee of the EBT, has absolute discretion and independence in respect of all trading decisions it may make in respect of the purchase of Ordinary Shares pursuant to the EBT Share Purchase Plan.  Zedra currently holds 4,374,824 unallocated shares (7.72%).

For further information, please contact:

Cenkos Securities plc

Julian Morse, Chief Executive Officer                                         Tel: 0207 397 8900

SPARK Advisory Partners Limited

Matt Davis, Nominated Adviser                                                    Tel: 0203 368 3552

The Nisse Consultancy - Public relations

Jason Nisse                                                                                       Tel: 07769 688618

Andrew Garfield                                                                             Tel: 07974 982337