Peel Hunt Regulatory News (PEEL)

7 July 2022

Peel Hunt Limited

("Peel Hunt")

AGM Trading Update

Peel Hunt Limited today provides the following trading update in relation to the three month period ended 30 June 2022. This statement is issued in advance of the Annual General Meeting which is being held at 12.00pm today.

Revenue for the first quarter ended 30 June 2022 was £22.8m as a result of continuing low levels of market wide capital markets activity.

During the period we have continued to build our retained corporate client base adding 7 new clients (3 of which are in the FTSE 350) and we have a substantial pipeline of Investment Banking transactions with over 50 mandated deals.

We are delighted that leading intermediaries AJ Bell and Hargreaves Lansdown have selected our REX technology platform (www.rexretail.com) to provide their new retail share offer service, further supporting the democratisation of capital markets by enabling their retail customers to participate in IPOs and ABBs.

We have a diversified and resilient business with a strong balance sheet. We continue to take a long term view, investing in the business to deliver our strategic priorities including developing our proprietary technology and international capabilities. As a result, the business is very well positioned for when market conditions improve.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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Notes to editors

Peel Hunt is a leading specialist in UK Investment Banking, ranked number one broker for UK mid- and small-cap companies in Institutional Investor's 2021 Survey. Our purpose is to nurture and guide people through the evolution of business. We achieve this through a proven, joined-up approach that consistently delivers value to UK corporates, global institutions and trading counterparties alike.

We have 165 corporate clients (including 34 in the FTSE 350), with an average market capitalisation of approximately £600m. Our award-winning research is distributed to over 1,235 institutions across the UK, Europe and US. Our trading platform makes markets in over 10,000 instruments on over 45 markets and is an increasingly important provider of trade execution services to UK retail platforms and brokers.