Manx Financial Regulatory News (MFX)

FOR IMMEDIATE RELEASE 7th July 2021

Manx Financial Group PLC (the "Company")

Result of Extraordinary General Meeting ("EGM")

Dividend Declaration

The Company is pleased to announce that at the EGM held today both resolutions tabled were duly passed.

As a consequence, the Company is pleased to announce a dividend of 0.1724 pence per Ordinary Share for the period from 1st January 2020 to 31st December 2020, calculated as being 10% of the profit after tax available to Shareholders. The dividend will be paid on 10th August 2021 to holders of Ordinary Shares recorded on the register on 16th July 2021.

The Company is also offering a Scrip Dividend Scheme under which Shareholders may elect to receive New Ordinary Shares in lieu of the cash dividend ("Scrip Shares"). The price of a New Ordinary Shares to be issued under the Scrip Dividend Scheme will be calculated taking the lowest daily Volume Weighted Average Price ("VWAP") derived from the Daily Official List of the London Stock Exchange plc during the period of twenty dealing days prior to (and including) the Ex-Dividend Date (capped at 20% discount to the VWAP of Ordinary Shares on the Ex-Dividend Date).

A Scrip Dividend Circular will be posted to all Shareholders on 9th July 2021 in respect of the financial year ended 31st December 2020 and will be available from that date on the Company's website (www.mfg.im/investor-centre/aim-rule-26 - Circulars Section).

The reference price for the Scrip Shares will be calculated and published on or around 21st July 2021. Admission of the Scrip Shares to trading on AIM is anticipated to be 10th August 2021.

Shareholders will receive the dividend in cash unless they have completed the Scrip Dividend Mandate (for holders of Ordinary Shares in certificated form) or a CREST Dividend Election Input Message (for holders of Ordinary Shares in CREST only).

Expected timetable:

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

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