30 March 2023

Palace Capital PLC

("Palace Capital" or the "Company")

Transaction in own shares

The Company announces that it has purchased the following number of its ordinary shares of 10 pence each in the capital of the Company (the "Shares") through Numis Securities Limited. In line with the announcement of the share buyback Programme on 6 February 2023.

Date of purchase:  29 March 2023

Number of Shares purchased:  137,633 (one hundred and thirty seven thousand, six hundred and thirty three) Shares

Highest price paid per Share:  217 pence / Lowest price paid per Share:  217 pence

Average price paid per Share: 217 pence

The Company intends to hold these Shares in Treasury. Including Shares which have been purchased but not yet settled, the Company holds 2,668,220 Shares in Treasury.

Following the above purchase, the total number of Shares in issue is 43,720,295 (excluding Shares held in Treasury). This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can 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.

For further information please contact:

Palace Capital plc

Steven Owen, Interim Executive Chairman / Matthew Simpson Chief Financial Officer
info@palacecapitalplc.com

Financial PR 

FTI Consulting

Dido Laurimore/ Giles Barrie

Tel: +44 (0)20 3727 1000

palacecapital@fticonsulting.com