This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

Pulsar Group Plc

("Pulsar", the “Group” or the "Company")

Update regarding HMRC

Pulsar Group Plc (AIM: PULS) notes recent press speculation regarding the Group’s engagement with HM Revenue & Customs (“HMRC”).

The Group is in regular dialogue with HMRC regarding the timing of certain VAT and PAYE payments. Substantial payments have already been made, and the Board expects the remaining amounts to be settled from the Group’s normal cash collections.

The Group’s underlying trading position is stable, the business is operating as normal and the Board anticipates reaching a satisfactory conclusion with HMRC.

The Company will provide a further update as appropriate.

 For further information:

Pulsar Group plc                                                                                                                              020 3426 4070

Joanna Arnold (CEO) / Mark Fautley (CFO)

Cavendish Capital Markets Limited (Nominated Adviser and Broker)                                020 7220 0500

Corporate Finance:

Marc Milmo / Fergus Sullivan / Elysia Bough                                              

Corporate Broking:

Sunila de Silva