Trafalgar Acquisition S.à. r.l. (Trafalgar Acquisition SARL), an entity owned by funds managed by Vitruvian Partners LLP, has indicated its intention to sell up to approximately 12.5 million existing ordinary shares in Trustpilot Group plc (LSE:TRST) through a placing to eligible institutional investors by means of an accelerated bookbuild. Joh.

Berenberg, Gossler & Co. KG ("Berenberg") is acting as sole bookrunner and placing agent in relation to the Placing. The price per Placing Share will be determined through an accelerated bookbuild process.

The bookbuild process will commence with immediate effect following this announcement and may close at any time on short notice. A further announcement will be made following the completion of the bookbuild and pricing of the Placing. The Company is not a party to the Placing and will not receive any proceeds from the Placing.

The ordinary shares in the Company held by the Seller following completion of the Placing will be subject to a 45 calendar day lock-up which is subject to certain exceptions and may otherwise only be waived with the consent of Berenberg.