Rbg Holdings Regulatory News (RBGP)

5 March 2021

RBG Holdings plc

(the "Group")

Convex Capital Update

RBG Holdings plc (AIM: RBGP), the professional services group, is pleased to announce a further update on the progress at Convex Capital Limited ("Convex Capital"), the Group's specialist sell-side corporate finance boutique.

Convex Capital has continued to convert its strong pipeline into completed transactions. Further to the update on 8 February 2021, Convex Capital has concluded another deal, earning a fee of £1.5 million. This brings the total number of completed transactions to four since 1 January 2021, resulting in a total fee income year to date of £2.6 million.

This represents a notable improvement in successful conversion, having completed only two deals, which generated total revenue of £1.5 million in 2020 because of the disruption caused by the pandemic. After working to pivot its sector focus, which resulted in a successful rebuild of its transaction pipeline over the last six months, Convex Capital is currently working on a further eight transactions which have the potential to complete in the short to medium term. The deal pipeline continues to be strong with a number of other deals across various sectors at earlier stages.

Nicola Foulston, CEO, RBG Holdings plc, said: "After a difficult year, the team at Convex Capital, led by CEO Mike Driver, worked hard to develop a new, stronger pipeline of M&A transactions. We can see the fruits of those efforts with four deals already completed this year and more to come. We expect to see an increase in M&A activity this year because of the market conditions, and Convex Capital is well placed to capitalise."

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About RBG Holdings plc

RBG Holdings plc is a professional services group, which includes one of the UK's pioneering law firms, Rosenblatt Limited ("RBL" or the "Firm"), which is a leader in dispute resolution.

RBL provides a range of legal services to its diversified client base, which includes companies, banks, entrepreneurs, and individuals. Complementing this is the Firm's increasingly international footprint, advising on complex cross-jurisdictional matters. RBL's practice areas include banking & finance, competition & regulatory, corporate, dispute resolution, employment, financial crime, financial services, insolvency & financial restructuring IP/technology/media, real estate, serious & general crime, tax resolution and white-collar crime.

The Group also provides litigation finance in selected cases through a separate arm, LionFish Litigation Finance (UK) Limited ("LionFish"). LionFish finances litigation matters being run by other solicitors in return for a significant return on the outcome of those cases. As such, the Group has two types of litigation investments - RBL's own client matters, and litigation matters run by third-party solicitors. LionFish is positioned to be a unique, alternative provider to the traditional litigation funders.

The Group also owns Convex Capital Limited ("Convex Capital"), a specialist sell-side corporate finance boutique, based in Manchester. Convex Capital is entirely focussed on helping companies, particularly owner-managed and entrepreneurial businesses, realise their value through sales to large corporates. Convex Capital identifies and proactively targets firms that it believes represent attractive acquisition opportunities.