EQUALS GROUP PLC — Capital/Financing Update 2024

May 27, 2024

Company Announcement: JUE 14

JUEL GROUP P.L.C.

The following is a Company Announcement being made by Juel Group P.L.C. (the "Company") pursuant the Capital Markets Rules issued by the Malta Financial Services Authority.

QUOTE

Issue of up to €5,000,000 Juel Group p.l.c. Unsecured Notes - Basis of Acceptance

The Board of Directors of Juel Group p.l.c. (the "Company") is pleased to announce that its offer of up to €1,500,000 6.5% Unsecured Notes 2027–2029 (designated as "Series 2/2024 Tranche 1 Notes"), as part of an unsecured note issuance programme of up to €5,000,000, has been subscribed in full.

Interest on the Series 2/2024 Tranche 1 Notes at the rate of 6.5% per annum commenced on 24 May 2024.

The Company would like to thank the investing public for their support in this successful public offer.

UNQUOTE

BY ORDER OF THE BOARD

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Dr. Karen Coppini Company Secretary

27 May 2024