On 1 May 2024, the board of Alpha Financial Markets Consulting plc (?Alpha FMC?) confirmed that it had received a non-binding indicative offer from Bridgepoint Advisers Limited (?Bridgepoint?) to acquire the entire issued and to be issued ordinary share capital of Alpha FMC (the ?Proposal?). The Board notes the recent press speculation and confirms that the Proposal is at 505 pence in cash for each Alpha FMC share. The Proposal represents an attractive premium of: 50.7% to the closing price of 335.0 pence per Alpha FMC share on 30 April 2024 (being the last business day before the date of the commencement of the offer period (as defined in the Code) relating to Alpha FMC (the ?Offer Period?)); and 47.4% to the volume-weighted average price of 342.7 pence per Alpha FMC share for the three-month period ended 30 April 2024 (being the last business day before the date of the commencement of the Offer Period); Having carefully considered the terms of the Proposal with its financial advisers, the Independent Directors of Alpha FMC have concluded that they would be minded unanimously to recommend the proposal to Alpha FMC shareholders should a firm intention to make an offer pursuant to Rule 2.7 of the Code be announced on such financial terms, subject to the finalisation of documentation and discussions, which are advanced.

In accordance with Rule 2.5(a) of the Code, Bridgepoint reserves the right to make an offer for Alpha FMC at a lower value or on less favourable terms than the Proposal: with the agreement or recommendation of the Board of Alpha FMC; if a third party announces a possible offer or a firm intention to make an offer for Alpha FMC which, at that date, is of a value less than the value of the Proposal; if Alpha FMC announces a Rule 9 waiver transaction pursuant to Appendix 1 of the Code or a reverse takeover (as defined in the Code); or if Alpha FMC announces, declares or pays any dividend or any other distribution or return of capital to shareholders, in which case Bridgepoint reserves the right to make an equivalent reduction to any offer. Bridgepoint reserves the right to introduce other forms of consideration and/or vary the mix or composition of consideration of any offer. There can be no certainty that any firm offer will be made for Alpha FMC.

A further announcement will be made when appropriate. As announced on 12 June 2024, Bridgepoint must, by no later than 5.00 p.m. on 20 June 2024, either announce a firm intention to make an offer for Alpha FMC in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This announcement is being made with the consent of Bridgepoint.