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THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")

22 January 2021

Daisy Intermediate Holdings Limited

("Daisy")

Statement regarding Maintel Holdings plc

Further to press speculation in relation to a possible offer by Daisy for Maintel Holdings plc ("Maintel"), Daisy confirms that it does not intend to make an offer for Maintel.

For the purposes of Rule 2.8 of the Code, Daisy, and any person(s) acting in concert with it, reserve the right to make or participate in an offer or possible offer for Maintel (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within 6 months of the date of this announcement:

a.   with the agreement of the board of directors of Maintel;

b.   following the announcement of a firm intention to make an offer for Maintel by or on behalf of a third party;

c.   following the announcement by Maintel of a proposal for a "whitewash" (as referred to in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or for a reverse takeover (as defined in the Code); or

d.   where  the  Panel  on  Takeovers  and  Mergers  has  determined  that  there  has  been  a  material  change  of circumstances.