NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

13 March 2026

RECOMMENDED CASH ACQUISITION

of

Kitwave Group plc ("Kitwave")
by

Kite UK Bidco Limited ("BidCo")

a newly-incorporated company indirectly wholly-owned by funds managed or advised by OEP Capital Advisors, L.P.

to be implemented by means of a scheme of arrangement
under Part 26 of the Companies Act 2006

CANCELLATION OF ADMISSION TO TRADING OF KITWAVE SHARES

Further to the announcement made by Kitwave and BidCo on 12 March 2026 that the Scheme had become Effective in accordance with its terms, Kitwave today announces that, following an application by Kitwave to the London Stock Exchange, the London Stock Exchange has cancelled trading in Kitwave Shares on AIM with effect from 7.00 a.m. today.

This announcement should be read in conjunction with the full text of the circular in relation to the Scheme which was published on 5 February 2026 (the "Scheme Document"). Capitalised terms used but not otherwise defined in this announcement shall have the same meanings as set out in the Scheme Document. All references to times in this announcement are to London times unless otherwise stated.

Enquiries

Ashurst LLP is acting as legal adviser to Kitwave. Norton Rose Fulbright LLP is acting as legal adviser to BidCo.

Important notices

Canaccord Genuity, which is authorised and regulated by the FCA in the United Kingdom, is acting exclusively as financial adviser to Kitwave and no one else in connection with the Acquisition and will not be responsible to anyone other than Kitwave for providing the protections afforded to clients of Canaccord Genuity nor for providing advice in relation to the Acquisition or any other matters referred to in this announcement. Neither Canaccord Genuity nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Canaccord Genuity in connection with this announcement, any statement contained herein or otherwise.

Moelis, which is regulated by the FCA in the United Kingdom, is acting exclusively for OEP and BidCo and no one else in connection with the Acquisition and other matters set out in this announcement and will not be responsible to anyone other than OEP and BidCo for providing the protections afforded to clients of Moelis, or for providing advice in connection with the Acquisition or any matter referred to herein. Neither Moelis nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Moelis in connection with this announcement, any statement contained herein or otherwise.