Mortgage Advice Bureau Regulatory News (MAB1)

29 March 2021

Placing of 3,675,000 ordinary shares in Mortgage Advice Bureau (Holdings) plc

("MAB" or the "Company")

Peter Brodnicki and David Preece (together, the "Sellers"), both of whom are PDMRs of the Company, have sold, subject to completion, 3,075,000 and 600,000 ordinary shares of 0.1 pence each in the Company respectively (the "Placing Shares") at a price of 1,100 pence per share (the "Placing"). The Placing Shares represent approximately 6.9 per cent. of the Company's issued share capital. The Placing was carried out in response to strong institutional demand in the Company's shares.

Following completion of the Placing, Peter Brodnicki will hold 10,401,227 ordinary shares in MAB, representing 19.6 per cent. of the Company's issued share capital and David Preece will hold 924,800 ordinary shares in MAB, representing 1.7 per cent. of the Company's issued share capital.

Peter Brodnicki and David Preece have agreed that they will not, for a period of 180 days following the Placing, offer, sell or otherwise transfer any remaining MAB shares without the consent of Numis and Peel Hunt, subject to certain customary exceptions.

The proceeds of the Placing are payable in cash and will be settled on a T+2 basis (unless otherwise agreed), and settlement of the Placing is expected to occur on or about 31 March 2021.

The Company will not receive any proceeds from the Placing.

Market Abuse Regulation

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation. Upon the publication of this announcement via a regulatory information service, this inside information is now considered to be in the public domain.

Enquiries:

Numis Securities

Charles Farquhar / Jamie Loughborough +44 (0) 20 7260 1000

Peel Hunt

Alastair Rae / Michael Burke +44 (0)20 7418 8900

DISCLAIMER

THIS ANNOUNCEMENT AND ANY OFFER OF SECURITIES TO WHICH IT RELATES ARE ONLY ADDRESSED TO AND DIRECTED AT (1) IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, PERSONS WHO ARE QUALIFIED INVESTORS ("QUALIFIED INVESTORS") WITHIN THE MEANING OF ARTICLE 2(E) OF THE PROSPECTUS REGULATION (REGULATION (EU) 2017/1129) (AS AMENDED FROM TIME TO TIME); AND (2) IN THE  UNITED KINGDOM, QUALIFIED INVESTORS WHO (I) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED) (THE "ORDER"); OR (II) FALL WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER OR (III) ARE PERSONS TO WHOM AN OFFER OF THE PLACING SHARES MAY OTHERWISE LAWFULLY BE MADE (ALL SUCH PERSONS REFERRED TO IN (1) AND (2) TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THE INFORMATION REGARDING THE PLACING SET OUT IN THIS ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.

This announcement and the information contained herein is for information purposes only and does not constitute or form part of any offer of, or the solicitation of an offer to acquire or dispose of securities in the United States, Canada, Australia, South Africa or Japan or in any other jurisdiction in which such an offer or solicitation is unlawful. Neither this announcement nor any copy of it may be taken, transmitted or distributed, directly or indirectly, in or into or from the United States (including its territories and possessions), Canada, Australia, South Africa or Japan. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The securities referred to herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States or of Canada, Australia, South Africa or Japan or of any other jurisdiction. Such securities may not be offered or sold in the United States unless registered under the US Securities Act or offered in a transaction exempt from, or not otherwise subject to, the registration requirements of the US Securities Act and the securities laws of any relevant state or other jurisdiction of  the United States. There will be no offering of such securities in the United States or in any other jurisdiction.

No prospectus or offering document has been or will be prepared in connection with the Placing. Any investment decision to buy securities in the Placing must be made solely on the basis of publicly available information. Such information is not the responsibility of and has not been independently verified by either of the Sellers, Numis Securities Limited ("Numis"), Peel Hunt LLP ("Peel Hunt") or any of their respective affiliates.

The distribution of this announcement and the offering or sale of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken that would, or which is intended to, permit a public offer of the Placing Shares in any jurisdiction or possession or distribution of this announcement or any other offering or publicity material relating to the Placing Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Sellers, Numis and Peel Hunt to inform themselves about and to observe any applicable restrictions.

Numis and Peel Hunt, which are authorised and regulated by the Financial Conduct Authority in the  United Kingdom, are acting only for the Sellers in connection with the Placing and will not be responsible to anyone other than the Sellers for providing the protections offered to its clients  nor for providing advice in relation to the Placing or any matters referred to in this announcement.