Embedded Finance Limited and TowerBrook Capital Partners (U.K.) LLP offered a non-binding proposal offer to acquire Equals Group plc (AIM : EQLS) on March 20, 2024. The possible offer was for the entire issued and to be issued share capital of Equals Group. There can be no certainty that any firm offer for the Company will be made, nor as to the terms on which any firm offer, if made, might be made. Shareholders are advised to take no action at this time. The Consortium must either announce a firm intention to make an offer for Equals Group by not later than on April 17, 2024. This deadline will only be extended with the consent of the Takeover Panel. As of April 17, 2024, the Board Equals Group recognizes the time elapsed since the commencement of the Strategic Review, having now received indicative non-binding proposals from both Madison Dearborn Partners, LLC and the Consortium, it considers it to be in the best interests of shareholders that the Strategic Review remains ongoing to allow further time for it to reach its conclusion. An extension has been granted by the Panel and, where the Consortium are required, by not later than on May 15 2024, either to announce a firm intention to make an offer or to announce that they do not intend to make an offer. As of May 15, 2024, another extension has been granted by the Panel until June 12, 2024, to make an offer or to announce that they do not intend to make an offer. This revised PUSU Deadline may be extended with the consent of the Panel.

Sunil Duggal, Bill Gardiner, Max Hartley and Harry Rees of Cannacord Genuity Group; and Nicholas Millar and Jason Welham of Lazard & Co., Limited are acting as financial adviser to Equals.