Rule 19.6(c) confirmation of post-offer intentions

THIS ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER WHICH HAS MADE A POST-OFFER INTENTION STATEMENT TO MAKE AN ANNOUNCEMENT AT THE END OF THE PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN THE POST-OFFER INTENTION STATEMENT

FOR IMMEDIATE RELEASE

14 April 2026

Alakazam Holdings BidCo Limited

Rule 19.6(c) confirmation with respect to post-offer intention statements regarding Equals Group plc ("Equals")

Alakazam Holdings BidCo Limited ("BidCo") announces that, further to the completion of its recommended cash acquisition of Equals, which was implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006, and which became effective on 14 April 2025, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that BidCo has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(iv) and 24.2 of the Code, as originally detailed in its announcement of 11 December 2024 and the scheme document published on 17 December 2024 (the "Scheme Document"), with the exception of the below.

Philippe Morel stepped down as Co-CEO of the Combined Group and as a director of each of Embedded Finance Limited, Payrnet Limited and Embedded Finance SAS on 7 November 2025, since which time the Combined Group has been led by Ian Strafford-Taylor in his capacity as sole CEO.

Capitalised terms used but not defined in this announcement have the meaning given to them in the Scheme Document.