5 April 2022

Alpha FX Group plc

("Alpha FX" or the "Group")

Trading with Key Norwegian Client Recommences

Alpha FX Group plc (AIM: AFX), a high-tech, high-touch provider of FX risk management, accounts and payments solutions to corporates and institutions internationally, is pleased to announce it has recommenced its trading relationship with a key Norwegian client.

In March 2020, as a result of the impact on the client from the onset of COVID-19, the Group entered into a settlement agreement with the client whereby weekly repayments would be required to be made until June 2022 in respect of their obligations for unpaid margin. Since this date, the client's financial standing has continued to strengthen, and they have consistently met all 104 of their weekly repayment obligations on time. As a result, the gross balance outstanding as at 1 April 2022 has been reduced to £2.9m.

As a result of the client's strong financial standing and the consistency with which they have settled and reduced their outstanding liability, we are now pleased to be recommencing our trading relationship. Furthermore, as a gesture of goodwill in re-establishing a trading relationship, we have agreed to allow the client to spread their remaining weekly repayments, originally contracted to expire at the end of June 2022, until the end of December 2022.

The client's financial position is the strongest it has been since the inception of our relationship, and we have no concerns regarding their ability to fulfil their obligations under the terms of the original agreement.

Morgan Tillbrook, Chief Executive Officer commented:

"Having learnt from the experience of having too much concentration to one client in March 2020, we have instituted limits on the value of our exposure to any client regardless of the strength of their credit standing. Additionally, since that experience, we have added further enhancements to our risk processes and controls with the aim of further protecting against such an occurrence in the future. We also continue to provide investors and stakeholders with improved visibility and assurance, by publishing our top 20 client and currency exposures on our website, the largest of which currently represents 4.86%."

Enquiries:

Market Abuse Regulation

This announcement is released by Alpha FX Group plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

The person who arranged for the release of this announcement on behalf of Alpha FX Group plc was Tim Kidd, Chief Financial Officer.

Notes to Editors

Alpha is a high-tech, high-touch provider of enhanced financial solutions dedicated to corporates and institutions operating internationally. Working with over 900 clients across 50+ countries, we blend human capabilities with new technologies to solve complex problems across three key areas: FX risk management, global accounts and mass payments.

Key to our success is our team - over 200 people based across five global offices, brought together by a high-performance culture and a partnership structure that empowers them to act as owners of our business.

Despite being an established business listed on the London Stock Exchange, we remain relentlessly focused on maintaining the same level of operational agility and client focus we had when we first started in 2009. This dynamic, combined with the passion of our people, have enabled us to make a substantial and enduring difference to our clients, and deliver a growth story to match.