21 May 2026

FRP ADVISORY GROUP PLC

("FRP", the "Group" or the "Company")

Purchase of Ordinary Shares by EBT

FRP Advisory Group plc, a leading national specialist business advisory firm, announces that JTC Employer Solutions Trustee Limited as trustees of the FRP Advisory Group plc Employee Benefit Trust (the "EBT") purchased 3,506,147 ordinary shares of 0.1p each in the Company ("Ordinary Shares") on 20 May 2026 from certain existing and former Partners of the Company at a price of 113 pence per Ordinary Share (the "EBT Purchase").

The EBT Purchase follows the announcement on 27 April 2026 of the lock-in deeds entered into by the Company and existing and former Partners of the Company (the "Partner Shareholders") (the "Lock-In Deeds"). In conjunction with the announcement and following the publication of the Company's full year trading update on 15 May 2026, an opportunity for a liquidity event was provided to the Partner Shareholders to sell up to approximately 10.1 million Ordinary Shares.

Total indications received from the Partner Shareholders were to sell 3,601,769 Ordinary Shares, and it was determined that 3,506,147 Ordinary Shares would be purchased by the EBT. Geoff Rowley, Chief Executive Officer of the Company, and Jeremy French, Chief Operating Officer of the Company, did not participate.

Following the EBT Purchase, approximately 43.5 million Ordinary Shares remain subject to the Lock-In Deeds, representing approximately 17 per cent. of the Company's issued share capital.

The EBT now holds 12,028,041 Ordinary Shares, representing approximately 4.6 per cent. of the Company's issued share capital.

The person responsible for arranging the release of this announcement on behalf of the Company is Gavin Jones, Chief Financial Officer of the Company.

Enquiries:

FRP Advisory Group plc

Geoff Rowley, CEO

Jeremy French, COO

Gavin Jones, CFO

Enquiries via Citypress

Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)

Stephen Keys / George Lawson / Elysia Bough (Corporate Finance)

Tel: +44 (0) 207 220 0500

Berenberg (Joint Broker)

Toby Flaux / James Thompson / Brooke Harris-Lowing

+44 (0)20 3207 7800

Citypress (Financial Public Relations)

Martin Currie

T: +44 (0)7976291532

Notes to Editors

FRP is a leading national specialist business advisory firm established in 2010. It offers a range of advisory services to companies, lenders, investors and other stakeholders, as well as individuals. These services include:

·    Restructuring advisory: corporate financial advisory, formal insolvency appointments, informal restructuring advisory, personal insolvency and general advice to all stakeholders.

·    Corporate finance: mergers & acquisitions (M&A), strategic advisory and valuations, financial due diligence, capital raising, special situations M&A and partial exits.

·    Debt advisory: raising and refinancing debt, debt amendments and extensions, restructuring debt, asset based lending and corporate and leveraged debt advisory.

·    Forensic services: forensic investigations, compliance and risk advisory, dispute services and forensic technology.

·    Financial advisory: transaction services including pre-IPO financial services, financial due diligence, lender services, financial modelling, valuations, pensions and company-side advisory services and corporate governance advisory.