Equals Gp Regulatory News (EQLS)

Equals Group plc

('Equals' or the 'Company')

Exercise of Options

Equals (AIM:EQLS), the fast-growing payments group focused on the SME marketplace, announces that Richard Cooper, the Company's Chief Financial Officer, has exercised and retained a total of 333,334 new ordinary shares of £0.01 each ("New Ordinary Shares") at a price of 29 pence per share under the 2020 Long Term Incentive Plan. The New Ordinary Shares have now been allotted and issued by the Company. Following this exercise of options, Richard Cooper's total holding has increased by 333,334 ordinary shares and he now holds 1,183,334 ordinary shares, representing 0.65% of the Company's issued share capital.

Application has been made for the admission of the New Ordinary Shares to be admitted to trading on AIM ("Admission") and such Admission is expected to become effective at 08:00am on 14 April 2023. The New Ordinary Shares shall rank pari passu with the existing ordinary shares in issue.

Following Admission, the Company will have 181,793,295 ordinary shares of 1 pence each in issue admitted to trading on AIM. The Company holds no shares in Treasury. Accordingly, the above figure will be used as the denominator for the calculations by which shareholders will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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Notes to Editors:

Equals Group is a technology-led international payments group augmented by highly personalised service for the payment needs of SME's whether these be FX, card payments or via Faster Payments. Founded in 2007, the Group listed on AIM in 2014. For more information, please visit www.equalsplc.com.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them