17 April 2024

Pinewood Technologies Group PLC ("the Company")

Additional Listing & Total Voting Rights

A listing application has been made by the Company for 17 new Ordinary Shares (the "EBT Shares") to be admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities ("Admission"). The EBT Shares will be issued fully paid and will rank pari passu in all respects with the existing issued Ordinary Shares. Admission is anticipated to occur on 18 April 2024. 

The EBT Shares are to be issued to Accuro Trustees (Jersey) Ltd, trustee of the Pendragon Employee Benefit Trust (the "EBT") and are required to ensure that the number of Ordinary Shares in issue is exactly divisible by 20 in order to effect the Capital Reorganisation.

Following the issue of the EBT Shares and Admission, the Company will have 1,742,312,420 Ordinary Shares, representing a total ordinary share capital of £87,115,621.  The voting rights attached to the Ordinary Shares are on the basis of one vote per Ordinary Share, representing total voting rights of 1,742,312,420. There are no shares held in treasury.

This figure (1,742,312,420) may be used by Shareholders (and others with notification obligations) as the denominator for the calculations by which they 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 and Transparency Rules.

Capitalised terms used but not otherwise defined in this announcement have the same meaning given to them in the circular of the Company dated 5 April 2024.

Enquiries:

Jefferies International Limited ("Jefferies"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting solely for the Company, and for no-one else, as broker in connection with the matters referred to in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice to any other person in relation to the content of this announcement or any other matters described in this announcement. To the fullest extent permitted by law, neither Jefferies nor any of its affiliates assumes any responsibility whatsoever for or makes any representation or warranty express or implied, in relation to the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on its behalf and nothing contained in this announcement is, or shall be, relied upon as a promise or representation in this respect whether as to the past, present or future, in connection with the Company, the Group, or the matters referred to in this announcement. Jefferies and its affiliates accordingly disclaims to the fullest extent permitted by law all and any duty, responsibility and liability whether arising in tort, contract or otherwise which it might otherwise be found to have in respect of this announcement or any such statement or otherwise.

This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities in any jurisdiction.

This announcement has been prepared for the purpose of complying with the applicable law and regulation of the United Kingdom and information disclosed may not be the same as that which would have been disclosed if this announcement has been prepared in accordance with the laws and regulations of jurisdictions outside the United Kingdom.

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