The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

24 June 2025

Cavendish plc
("Cavendish" and together with its subsidiary undertakings, the "Group")

Response to press speculation

The Board of Cavendish notes the recent press speculation and confirms that it has received interest in the private M&A and debt advisory business of the Group.  This was rejected and there have been no further discussions.

The Group's strategy is to focus on growing and evolving as a full service, fully integrated, small and mid-cap investment bank with the potential for adding additional business offerings rather than reducing them.  Cavendish has already generated significant revenues and won a number of live mandates as a result of the integrated business offerings within the Group.

Contacts

Cavendish (Management)                                             Tel: +44 (0) 20 7220 0500

Julian Morse, Co-Chief Executive Officer                                    investor.relations@cavendish.com

John Farrugia, Co-Chief Executive Officer                                 

Ben Procter, Chief Financial Officer

Spark Advisory Partners (Nominated Adviser)              Tel: +44 (0) 203 368 3550

Matt Davis/Jade Bayat

Cavendish (Broker)                                                       Tel: +44 (0) 20 7220 0500

Matt Lewis/Tim Redfern

Hudson Sandler (PR adviser)                                       Tel: +44 (0) 20 7796 4133

Dan de Belder/Rebekah Chapman