Update on EBT Purchase and Total Voting Rights

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

LEI: 213800NWMK3O4UWP9N91

11 July 2022

LendInvest plc

Update on EBT Purchase and Total Voting Rights

On 4 July 2022, LendInvest plc ("LendInvest" or the "Company") announced that certain current and former employees who hold, or will hold following the exercise of outstanding options, ordinary shares in the capital of the Company ("Ordinary Shares") (the "Eligible Shareholders") would be able to provide irrevocable instructions to Equiniti Financial Services Limited to sell Ordinary Shares to the LendInvest Employee Benefit Trust (the "EBT").

The Company is pleased to announce that the EBT has today agreed to acquire in aggregate 1,950,492 Ordinary Shares (the "Employee Sale Shares") at a price of 153.5 pence per Employee Sale Share (the "Sale").  No directors or other PDMRs participated in the Sale.

In connection with the Sale, Eligible Shareholders have exercised options over 1,446,334 Ordinary Shares. To satisfy the exercise of these options, the Company will issue 682,136 new Ordinary Shares (the "New Ordinary Shares") to the EBT.

Application has been made to London Stock Exchange plc for admission of the New Ordinary Shares to trading on AIM ("Admission"). It is expected that settlement of the Employee Sale Shares ("Settlement") will occur, and Admission will become effective, at 8.00am on 13 July 2022.

The New Ordinary Shares, when issued, will be fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid in respect of Ordinary Shares after the date of issue.

Following Admission, the total number of shares in issue in the Company will be 138,381,046. The Company does not hold any shares in treasury and all shares have equal voting rights. Therefore, following Admission, the number of voting shares in issue in the Company will be 138,381,046. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Lock up arrangements expiring on 14 July 2022 have been waived with respect to the Employee Sale Shares. Eligible Shareholders who sold Employee Sale Shares are subject to a new lock up arrangement until 11 November 2022.

For further information, please contact:

LendInvest via Tulchan Communications                                                +44 (0)20 7353 4200

Rod Lockhart, Chief Executive Officer

Michael Evans, Chief Financial Officer

Alex Dee, Head of Investor Relations

Leigh Rimmer, Senior PR Manager

[email protected]

Panmure Gordon (NOMAD and Joint Broker)                                        +44 (0)20 7886 2500

Charles Leigh-Pemberton

Atholl Tweedie

Gabriel Hamlyn

finnCap Limited (Joint Broker)                                                             +44 (0)20 7220 0500

Jonny Franklin-Adams/George Dollemore (Corporate Finance)

Tim Redfern/Alice Lane (ECM)

Tulchan Communications (Financial PR)                                             +44 (0)20 7353 4200

Tom Murray

Matt Low

Misha Bayliss

Olivia Lucas

IMPORTANT NOTICE

This announcement or any part of it does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in any jurisdiction.

No action has been taken by the Company or any of its affiliates, or any person acting on its or their behalf that would permit an offer of Ordinary Shares or possession or distribution of this announcement or any other offering or publicity material relating to Ordinary Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Company to inform themselves about, and to observe, such restrictions.

This announcement does not constitute a recommendation concerning any investment decision. Any indication in this announcement of the price at which Ordinary Shares have been bought or sold in the past cannot be relied upon as a guide to future performance. The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance. This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Ordinary Shares. The contents of this announcement are not to be construed as legal, business, financial or tax advice.