Mercia Asset Management PLC

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

Year end trading summary and notice of full year results

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused private asset manager with over £2.0billion of assets under management ("AuM"), is pleased to provide a trading summary for the financial year ended 31 March 2026 ("FY26").

From a trading perspective, Mercia has continued to perform well in the second half of the financial year and as a result now expects its EBITDA for FY26 to be materially ahead of current market expectations.

In the last three months of the financial year notification of proposed increases to existing fund mandates, plus successful VCT and EIS fund raises, have totalled in excess of £200million, which represents a strong and continuing endorsement of our asset management growth strategy, particularly in the context of the current turbulent market conditions. There were no redemptions during FY26.

Mercia's direct investment portfolio continues to make good overall commercial progress, despite the current elevated challenging market backdrop for venture and private equity investing, M&A, IPOs and exits.

On 31 March 2026, the Group completed its £3.0million share buyback programme. In line with its annual share buyback policy, the Group has subsequently commenced a new share buyback programme of up to £3.0million for the financial year ending 31 March 2027, providing further cash returns to shareholders.

Mercia's closing cash position as at 31 March 2026 was c.£26million, and the Group remains debt free.

Notice of full year results

Mercia will announce its full year results for FY26 on 30 June 2026.

Dr Mark Payton, CEO of Mercia Asset Management PLC, commented: "We are pleased to update that Mercia has once again had a positive finish to the financial year. Our fourth quarter notification of proposed increases in both the duration and quantum of certain existing fund mandates, coupled with our successful VCT and EIS fund raises and strong trading performance, is continuing testament to our clear strategy of focusing on growing our profitable private asset management capabilities. It also reflects Mercia's longstanding ability to deploy significant equity and debt funding to where it is needed across the UK, through our established regional footprint of 11 offices and our extensive deal flow networks, to generate attractive returns over time for our investors.

"Notwithstanding the current macro-economic and global market turmoil, with our debt free cash position as at 31 March 2026 of c.£26million, Mercia has entered the new financial year in a very strong financial position. We look forward to announcing our FY26 full year results on Tuesday 30 June 2026."

An analyst webcast will be given at 9.30am on the day of results. Analysts wishing to register are asked to contact mercia@fticonsulting.com

In addition, as part of its continuing commitment to open communication with all shareholders, Mercia is pleased to announce that it will also provide a live presentation and Q&A via the Investor Meet Company platform, at 3.00pm on the same day. Registration details will be provided nearer the announcement date.

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 and as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.

- Ends -

For further information, please contact:

Mercia Asset Management PLC

Mark Payton, Chief Executive Officer

Martin Glanfield, Chief Financial Officer

www.mercia.co.uk                                                                                                          +44 (0)330 223 1430

Canaccord Genuity Limited (NOMAD and Joint Broker)

Simon Bridges, Emma Gabriel, Harry Rees                                                                 +44 (0)20 7523 8000

Singer Capital Markets (Joint Broker)

Charles Leigh-Pemberton                                                                                              +44 (0)20 7496 3000

FTI Consulting

Tom Blackwell, Thomas Lodge                                                                                      +44 (0)20 3727 1051

mercia@fticonsulting.com

About Mercia Asset Management PLC

Mercia is a private capital asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of venture, development capital, property finance and proprietary capital: the Group's 'Complete Connected Capital'.

The Group has a strong UK footprint through its 11 regional offices, extensive local adviser and personal networks, and university partnerships, providing it with access to high-quality deal flow.

Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".