Tavistock Investments Plc

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

5th February 2026

                                                    FURTHER UPDATE ON LITIGATION WITH TITAN

Further to statements released on 16 and 17 December 2025, Tavistock wishes to appraise its shareholders and the market further regarding the expanded scope of its counterclaims against Titan Wealth Services Limited and Titan Asset Management Limited ("Titan") following the Court's judgement in Tavistock's favour on 11 December 2025. Despite strong opposition from Titan, the Court allowed Tavistock to add new causes of action to the existing proceedings in respect of Titan's Model Portfolio Service (MPS) for breach of confidence, alleged misuse of trade secrets and copyright infringement. 

The following excerpts from the judgement given on 11 December highlight salient comments from the Judge.

In relation to Tavistock's MPS copying claim the Judge commented: "I have to say that the opposition to [Tavistock's] amendments had, and has, all the hallmarks of an attempt to "snuff-out" a viable claim in circumstances where the Claimants [Titan] hold most of the cards, and do not want to put those cards on the table, as they will be obliged to do upon disclosure. That is not an approach that the Court should, or does, countenance."

In relation to Tavistock's copyright infringement claim, the Judge further commented: "[the Court is] satisfied that the copyright infringement claim stands a real, as opposed to fanciful, prospect of success."

Brian Raven, Tavistock's Chief Executive stated: "When we agreed our contract with Titan in 2021, it was offered the opportunity to acquire Tavistock's Model Portfolio Service ("MPS") but declined to do so. It is therefore particularly disappointing that we have now had to include these new causes of action in respect of Titan's MPS, the significance of which is perhaps best demonstrated by the substantial amount that Titan spent in its failed attempt to prevent these matters coming before the Court."

Tavistock will issue further updates in due course.

For further information:

Flagstaff Communications                                                  Tel: 020 7129 1474

(PR/IR)    

Tim Thompson

Alison Allfrey

Anna Probert                                                          tavistock@flagstaffcomms.com