13 July 2023

DSW CAPITAL PLC

("DSW Capital", "DSW" or the "Company")

(AIM:DSW)

Grant of awards under the Company's Performance Share Plan ("PSP")

DSW announces the award of 293,796 nil cost options, pursuant to the Company's PSP on 12 July 2023 (the "PSP Awards"). Nicole Burstow, Chief Financial Officer, has been granted 228,102 of the PSP Awards.

All defined terms used in this announcement have the meanings set out in the Company's Admission Document dated 13 December 2021, which also contains full details of the Company's Performance Share Plan and is available on the Company's website: https://dswcapital.com/

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Notes to Editors  

About DSW Capital

DSW Capital, owner of the Dow Schofield Watts brand, is a profitable, mid-market, challenger professional services network with a cash generative business model and scalable platform for growth. Originally established in 2002, by three KPMG alumni, DSW is one of the first platform models disrupting the traditional model of accounting professional services firms. DSW now operates licensing arrangements with 23 licensee businesses with 107 fee earners, across eight offices in England and two in Scotland. These trade primarily under the Dow Schofield Watts brand.

DSW's vision is for the DSW Network to become the most sought-after destination for ambitious, entrepreneurial professionals to start and develop their own businesses. Through a licensing model, DSW gives professionals the autonomy and flexibility to fulfil their potential. Being part of the DSW Network brings support benefits in recruitment, funding and infrastructure. DSW's challenger model attracts experienced, senior professionals, predominantly with a "Big 4" accounting firm background, who want to launch their own businesses and recognise the value of the Dow Schofield Watts brand and the synergies which come from being part of the DSW Network.

DSW aims to scale its agile model through organic growth, geographical expansion, additional service lines and investing in "Break Outs" (existing teams in larger firms). The Directors are targeting high margin, complementary, niche service lines with a strong synergistic fit with the existing DSW Network.

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail: