Grant of options under Performance Share Plan

6 August 2025

DSW CAPITAL PLC

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

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

DSW Capital (AIM: DSW), a profitable, mid-market, challenger professional services licence network and owner of the Dow Schofield Watts and the DR Solicitors brands, announces that on 5 August 2025, the Group granted nominal cost options (the "Options") over a total of 738,596 ordinary shares of 0.25 pence each in the Group ("Ordinary Shares") to certain Executive Directors of the Company, pursuant to the Company's PSP. 

The Options have been granted as follows:

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: www.dswcapital.com.

Enquiries:

About DSW Capital

DSW Capital, owner of the Dow Schofield Watts and DR Solicitors brands, 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, Dow Schofield Watts is one of the first platform models disrupting the traditional model of accounting professional services firms. DSW Capital operates licensing arrangements with its businesses and has over 130 fee earners across 12 offices in the UK. These businesses trade primarily under the Dow Schofield Watts and DR Solicitors brands.

DSW Capital's vision is for our brands to become the most sought-after destinations for ambitious, entrepreneurial professionals to start and develop their own businesses. Through a licensing model, DSW Capital gives professionals the autonomy and flexibility to fulfil their potential.

Being part of the DSW Capital group brings support benefits in recruitment, funding and infrastructure. DSW Capital's challenger model attracts experienced, senior professionals, who want to launch their own businesses and recognise the value of DSW Capital's brands and the synergies which come from being part of the network.

DSW Capital aims to scale its agile model through organic growth, geographical expansion, additional service lines and acquisitions. The Directors are targeting high margin, complementary, niche service lines with a strong synergistic fit with the existing network.

The information below (set out in accordance with the requirements of UK Market Abuse Regulation) provides further detail. Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.