1 April 2025

Peel Hunt Limited

("Peel Hunt" or the "Company")

Year End Trading Update

Peel Hunt, a leading UK investment bank, today announces a trading update for the financial year ended 31 March 2025 ("FY25").

Group revenues for the full year are expected to be approximately £90m (FY24: £85.8m), an increase of approximately 5% year-on-year. This followed a challenging second half with a number of macro-economic events that weighed on market volumes and corporate activity. During the year we took action to reduce costs, and we expect to deliver a smaller loss before tax than market expectations.

We also made good progress in delivering on our strategic priorities in FY25. Notably, we continued to attract high quality mid-cap and growth companies to the franchise and we now act for 52 FTSE 350 clients (including 5 FTSE 100 companies).

Against a backdrop of continuing slow market conditions, we have an encouraging pipeline of investment banking transactions across both M&A and IPOs. A number of announced M&A transactions are expected to complete in the first quarter of our new financial year.

The Company intends to publish its FY25 preliminary results on 16 June 2025.

For further information, please contact:

Peel Hunt: via Sodali & Co

Steven Fine, CEO

Sunil Dhall, CFOO

Sodali & Co (Financial PR): +44 (0)20 7100 6451

Justin Griffiths

Gilly Lock

Russ Lynch

peelhunt@sodali.com

Grant Thornton UK LLP (Nominated Adviser): +44 (0)20 7728 2942

Philip Secrett

Colin Aaronson

Elliot Peters

Keefe, Bruyette & Woods (Corporate Broker): +44 (0) 20 7710 7600

Alistair McKay

Alberto Moreno Blasco

Fred Walsh

Notes to editors

About Peel Hunt

Peel Hunt is a leading UK investment bank that specialises in supporting mid-cap and growth companies. It provides integrated investment banking advice and services to UK corporates, including equity capital markets, private capital markets, M&A, debt advisory, investor relations and corporate broking. The Company's joined up approach combines these services with expert research and distribution and an execution services hub that provides liquidity to the UK capital markets, delivering value to global institutions and trading counterparties alike. The Company is admitted to trading on AIM (LON: PEEL) and has offices in London, New York and Copenhagen.