Alpha Group International Regulatory News (ALPH)

13 March 2023

Alpha Group International plc

("Alpha" or the "Group")

Alpha Unaffected by SVB

Following the recent announcements surrounding Silicon Valley Bank, the Group wishes to reassure all our stakeholders that our operations and any client held funds remain unaffected.

As a reminder, Alpha safeguards 100% of its client funds in segregated safeguarding accounts with Tier 1 counterparties consisting of Barclays Bank, Citibank, Goldman Sachs, and Lloyds Bank. In addition, unlike a bank, Alpha does not use client cash to issue loans, and therefore 100% of client held funds remain in cash at all times.

We remain mindful that there could potentially be knock-on effects to our clients and therefore continue to monitor this closely. Having undergone an initial review however, we do not currently have any areas of concern, and are looking forward to sharing our full year results on the 22nd March.

Enquiries:

Notes to Editors

Alpha is a high-tech, high-touch provider of enhanced financial solutions dedicated to corporates and institutions operating internationally. Working with clients across 50+ countries, we blend intelligent 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 - nearly 300 people based across seven 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.