Equals Group plc

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

Issue of Equity

Equals (AIM:EQLS), a leading fintech payments group focused on the SME marketplace, announces that further to its announcement of 18 October 2021, the Company has allotted a total of 704,000 ordinary shares of 1p each ("Ordinary Shares") to its Share Incentive Plan ("SIP") trust for 176 eligible employees. The Ordinary Shares will be held in trust until the vesting conditions are met at the end of the holding period on 18 October 2024. Details of the scheme are available on the Company's website www.equalsplc.com 

Application has been made for the 704,000 Ordinary Shares to be admitted to trading on AIM ("Admission").  Admission is expected to occur at 8:00am on 16 March 2022.

Following Admission, the Company will have 180,045,807 ordinary shares of 1p each in issue admitted to trading on AIM. The Company holds no shares in Treasury. Accordingly, the above figure may be used as the denominator for the calculations by which shareholders will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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Notes to Editors:

Equals Group is a technology-led international payments group augmented by highly personalised service for the payment needs of SME's whether these be FX, card payments or via Faster Payments. Founded in 2007, the Group listed on AIM in 2014 and currently employs around 250 staff across sites in London and Chester.  For more information, please visit www.equalsplc.com .