Date: 8 April 2022

B.P. Marsh & Partners Plc

("B.P. Marsh" or the "Company")

 Award of Shares under Share Incentive Plan

Director/PDMR Dealings

B.P. Marsh, the specialist investor in early stage financial services businesses, announces that on 7^th April 2022 a further 31,801 ordinary shares of 10 pence each ("Ordinary Shares") in the Company have been granted to eligible employees pursuant to a Share Incentive Plan (the "SIP") (as announced originally on 29^th March 2016).

Under the SIP, Ordinary Shares are acquired in three ways:

·    Partnership Shares, where an employee can purchase up to £1,800 worth of shares;

·    Matching Shares, where B.P. Marsh can give up to two free Matching Shares for each Partnership Share bought; and

·    Free Shares, where the Company can give each eligible employee up to £3,600 worth of free shares in any tax year.

In accordance with the SIP's rules, a total of 11 eligible employees applied for the 2022-23 SIP awards and have each been granted 1,157 Ordinary Shares ("2022-23 Free Shares"), representing £3,598 at a price of £3.11 per Ordinary Share. Furthermore, all eligible employees have elected to take up the opportunity to acquire 578 Ordinary Shares ("2022-23 Partnership Shares"), equating to £1,798 at a price of £3.11 per Ordinary Share.  For every Partnership Share that an employee acquires, the SIP Trust has awarded two free Ordinary Shares ("2022-23 Matching Shares") equating to 1,156 Ordinary Shares to each participating employee. In aggregate, each eligible employee will hold an additional 2,891 Ordinary Shares under the SIP. The 2022-23 Free and Matching Shares are subject to a 1 year forfeiture period.

Certain Directors and other Persons Discharging Managerial Responsibilities ("PDMR") have participated in this award and further details of the Directors' and PDMRs' interests in Ordinary Shares (as at today's date, following the award of 2022-23 Free, Partnership and Matching Shares) are set out below:

* The Company's Joint Share Ownership Plan, details of which were announced on 12^th June 2018

**In aggregate including 11,434 shares held by Mr Topping's spouse.

*** The Company notes that an error was made in its announcement dated 9^th November 2021 which incorrectly stated that Daniel Topping had purchased 664 Ordinary Shares in the Company.  The correct amount purchased was 644 Ordinary Shares and therefore the figure stated above is the correct aggregate number of Ordinary Shares held directly by Daniel Topping and his spouse.

The awards were made by utilising the 13,646 unallocated shares in the B.P. Marsh SIP Trust with the remaining 18,155 shares required to make the award supplied from unallocated shares in the B.P. Marsh & Partners Plc Joint Share Ownership Plan which were previously allocated to employees who ceased employment before the shares had vested (details of which were announced on 12^th June 2018).

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notes to Editors:

B.P. Marsh's current portfolio contains fifteen companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk. 

Since formation over 30 years ago, the Company has assembled a management team with considerable experience both in the financial services sector and in managing private equity investments. Many of the directors have worked with each other in previous roles, and all have worked with each other for approaching ten years. 

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