Plus500 Regulatory News (PLUS)

13 June 2023

Plus500 Ltd.

("Plus500" or "the Company")

Transaction in Own Shares

Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, announces that it has purchased 7,327,605 ordinary shares of ILS 0.01 each in the Company ("Ordinary Shares") from Odey Asset Management LLP (the "Purchase"), representing approximately 8.2% of the Company's issued share capital (excluding shares already held in treasury), at a price of 1,383 pence per Ordinary Share, for a total consideration of approximately £101.3 million. The acquired shares will be held in treasury.

Given the significant strength of the Company's balance sheet and the prevailing circumstances, the Board believes the Purchase is in the best interest of all shareholders. The Company has acted quickly to execute this opportunity to acquire shares at an attractive price, in-line with the Company's capital allocation and shareholder return policy. As announced on 19 April 2023, the Company had cash balances of over $950 million as at 31 March 2023.

The Purchase has been conducted separately from the Company's latest share buyback programme to purchase up to $70.0 million of the Company's Ordinary Shares, announced on 14 February 2023 (the "Share Buyback Programme"), which will continue as planned. As at 12 June 2023, the Company had repurchased approximately $52 million of the Company's Ordinary Shares pursuant to the Share Buyback Programme.

Following the Purchase, the Company has authority to make further purchases of up to 683,244 Ordinary Shares pursuant to the authority granted to it at the Company's 2023 AGM, held on 2 May 2023.

Total Voting Rights

The Company will hold the repurchased shares in treasury. Following the Purchase, the remaining number of Ordinary Shares in issue will be 82,512,335 (excluding treasury shares), and the Company will hold 32,376,042 Ordinary Shares in treasury. Therefore, the total voting rights in Plus500 will be 82,512,335. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further details

About Plus500

Plus500 is a global multi-asset fintech group operating proprietary technology-based trading platforms. Plus500 offers customers a range of trading products, including OTC ("Over-the-Counter" products, namely Contracts for Difference (CFDs)), share dealing, as well as futures and options on futures. The Group retains operating licences and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the Seychelles, the United States, Estonia, Japan and the UAE and through its OTC product portfolio, offers more than 2,500 different underlying global financial instruments, comprising equities, indices, commodities, options, ETFs, foreign exchange and cryptocurrencies. Customers of the Group can trade its OTC products in more than 50 countries and in 30 languages. Plus500 does not permit customers located in the US to trade its OTC products. Plus500 does not utilise cold calling techniques and does not offer binary options. Plus500's trading platforms are accessible from multiple operating systems (Windows, iOS and Android) and web browsers. Customer care is and has always been integral to Plus500, as such, OTC customers cannot be subject to negative balances. A free demo account is available on an unlimited basis for OTC trading platform users and sophisticated risk management tools are provided free of charge to manage leveraged exposure and stop losses to help customers protect profits, while limiting capital losses. Plus500 shares have a premium listing on the Main Market of the London Stock Exchange (symbol: PLUS) and are a constituent of the FTSE 250 index. www.plus500.com.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.