30 January 2022

RentGuarantor Holdings PLC

(the "Company" or "RentGuarantor")

Quarterly Activities Update

RentGuarantor (AQSE: RGG), a provider of rent guarantee services to prospective tenants across the socio-economic spectrum wishing to rent property in the UK private rental sector, is pleased to update the market and shareholders on the quarterly activities of the Company for the three-month period ended 31 December 2022 ("Q4" or the "Quarter").

Highlights for the Quarter

·    Increased demand and positive market outlook
In Q4 2022, RentGuarantor saw an 11% increase in the number of guarantees compared to the same period in 2021. The demand for services from January to December 2022 increased by 71% compared to the same period in 2021. The market outlook is positive, with the Company expecting to see even further demand for its services in 2023 and beyond.

·    Attendance at industry conferences
The RentGuarantor team attended a series of industry conferences, exhibiting at the National Residential Landlords Association's Landlord Conference and Propertymark's Northwest & Welsh conferences. The team also attended The Negotiator Awards.

·    Expansion of the team
RentGuarantor expanded its team to a total of 14 members. This has led to a substantial increase in enquiries for the RentGuarantor service, which we expect to onboard during 2023.

·    Publication of investor Q&A
In October 2022, the Company published a Q&A for all investors and interested parties. Paul Foy, CEO, answered questions from investors about RentGuarantor's service and the direction of the Company going forward.

·    RentGuarantor's first anniversary of its listing on Aquis
On 8 December 2022, RentGuarantor commemorated the milestone of one year since listing on Aquis.

Post period highlight

·    The Company entered into an agreement with Clever Student Lets Ltd ("Clever Student Lets") for the use of the RentGuarantor software on Clever Student Lets' student letting platform.

Paul Foy, CEO of RentGuarantor, said:

"I am very pleased to update shareholders on the positive Quarter the Company has experienced, adding to what has already been a hugely successful year for the Company. We have seen yet another increase in demand for our services since Q3, a positive that we hope will continue in 2023.

"During the Quarter we hosted a Q&A and were pleased to receive a good level of interest and engagement from investors and interested parties. We also celebrated the one-year milestone since our Aquis listing. The intention of listing was to grow and expand our business, which is exactly what we have done, and our team continues to grow as we see an increase in demand in the market. Additionally, we have had a strong start to the year with the signed agreement with Clever Student Lets which, with over 2,500 properties listed, will undoubtedly contribute to further increases in business for RentGuarantor.  

"We are excited to see what 2023 will bring as we release new technologies and announce more strategic agreements to support tenants across the socio-economic spectrum."

For more information, please visit: www.rentguarantor.com  

Ends

For further information please contact: 

RentGuarantor Holdings PLC 

Paul Foy, Chief Executive Officer                                                                                            

+44 207 193 4418   

Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser) 

Nick Michaels                                                                                                                              

+44 20 3772 0021  

Optiva Securities Limited (Broker)                                                                     

Vishal Balasingham                                                                                                                                               

+44 203 411 1881 

BlytheRay (Financial PR) 

Tim Blythe, Megan Ray

+44 207 138 3204 

About RentGuarantor Holdings Plc

RentGuarantor provides a rent guarantee service to tenants wishing to rent property in the UK from the Private Rental Sector ("PRS"). It is an online service where applications are managed on a secure and bespoke digital platform designed and built by the Company. The goal is to make the process as simple as possible, with applications only taking a few minutes and RentGuarantor completing the application on the same day.

RentGuarantor supplies its service to the whole of the market - students, both from the UK and overseas, employed people and people on benefits including Universal Credit, ensuring that everyone has the opportunity to live in their dream rental home.