Lift Global Ventures plc

Statement Regarding FCA Announcement by Cirata plc

The Board of Lift Global Ventures plc ("Lift") notes the announcement made on 28 November 2025 by Cirata plc ("Cirata") on 28 November 2025, confirming that the Financial Conduct Authority has formally closed its investigation into matters relating to the period May 2021 to March 2023 and that no action will be taken.

David Richards, Executive Chairman of Lift, served as CEO of Cirata (then WANdisco plc) during the relevant period. Mr Richards and the Board of Lift welcome the regulator's conclusion and the clarity it provides. The FCA's closure of the investigation, following its detailed and independent review, brings finality to this matter, and Lift is pleased to move forward with full confidence.

David Richards, Executive Chairman of Lift, said:

"I fully cooperated with the FCA as a witness throughout its inquiry, and I welcome its decision to close the investigation with no action. The regulator's conclusion affirms what I have always known: that I acted properly, in good faith, and with integrity. I am pleased this matter has been resolved and am looking forward to focusing fully on the work we are doing at Lift."

The Directors of the Company accept responsibility for the contents of this announcement.

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