Tavistock Regulatory News (TAVI)

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.

Tavistock Investments Plc

("Tavistock", the "Group" or the "Company")

Trading update and interim dividend declaration

27 June 2022

The Board of Tavistock is pleased to confirm that, as signalled in the Company's interim results (announced on 6 December 2021), revenues achieved by the Group's advisory business in the financial year to 31 March 2022 have exceeded £32.0 million, which was 14% more than the entire Group's revenues in the prior year (Group revenues year ended 31 March 2021: £28.7 million). The Group's investment management business was sold to Titan Wealth Holdings Limited in August 2021 and therefore made a negligible revenue contribution during the year ended 31 March 2022.

This was the most successful trading year in the Company's history and has positioned it well to achieve its strategic objectives.

The Board anticipates releasing the Company's full audited results for the year to 31 March 2022, in mid-September 2022.

In January 2022, the Company announced the acquisition of a 21% interest in LEBC Holdings Limited ("LEBC"), an independent national business providing financial advice to retail clients and employee benefits advice to corporate clients. LEBC is estimated to have c.78,000 clients with c.£4.2 billion of assets under advice. The Board is working closely with the management of LEBC to maximise the value of this investment for the benefit of both Tavistock's and LEBC's shareholders.

In May 2022, Tavistock announced the acquisition of LEBC Hummingbird Limited ("Hummingbird") from LEBC. Hummingbird is an unregulated business that provides research on the asset class allocations to be used within funds and model portfolios. As such it occupies a position of significant influence within LEBC.

Interim dividend

In keeping with its stated objective of developing a growing dividend stream for the benefit of the Company's shareholders, the Board is pleased to declare an interim dividend of 0.07 pence gross per ordinary share. The interim dividend is 40% higher than the dividend paid to shareholders in October 2021. The record date for the interim dividend will be Friday, 8 July 2022 and the payment date will be Friday, 22 July 2022.

Brian Raven, Tavistock's Chief Executive, commented: "The Company has made tremendous progress during the last year, and our current focus is on strengthening our partnerships with both Titan Wealth and LEBC, as well as maximising the benefits from our ownership of Hummingbird. We continue to be acquisitive and look forward to updating shareholders on progress in due course."

Enquiries:

Tavistock Investments Plc Tel: 01753 867000

Oliver Cooke

Brian Raven

Allenby Capital Limited

(Nominated Adviser and Broker to Tavistock) Tel: 020 3328 5656

Corporate Finance: Nick Naylor, Nick Athanas, Liz Kirchner

Sales and Corporate Broking: Tony Quirke

Powerscourt (PR adviser to Tavistock) Tel: 07899 967 719

Justin Griffiths 020 7250 1446

James Anderson

About Tavistock Investments Plc

Tavistock Investments Plc is an AIM listed financial services group that has 180 advisers across the UK helping 30,000+ clients look after more than £4 billon of investments. The Company was established in 2013.

Tavistock's advisory business operates throughout the UK. The Tavistock Partners network supports 140 Registered Individuals (IFAs), providing compliance, administration, technology, training and accounting services. The Tavistock Partnership is a network that does the same for 20 Appointed Representative firms. Tavistock Private Client provides wealth management and financial planning to high-net-worth individuals.

The Tavistock Platform, launched in 2020, provides a low-cost platform service to the Group's advisory and investment clients.

On 14 June 2021, the Company announced its entry into a ten-year strategic partnership with Titan Wealth Holdings Limited ("Titan"). Tavistock now acts as Titan's retail distribution partner and Titan acquired Tavistock Wealth Limited ("TWL"), Tavistock's multi-asset manager with over £1 billion of FUM, for a consideration of up to £40 million in cash, together with a ten-year earn out. Whilst becoming part of Titan, John Leiper, formerly Tavistock's Chief Investment Officer, and his investment team continue to work closely with Tavistock and its advisers.

A new company, Tavistock Asset Management ("TAM"), continues to market the Group's centralised investment proposition, both the ACUMEN UCITS funds and the Group's Model Portfolio Service ("MPS"). TAM retains Titan as investment manager for the MPS.

The strategic partnership will enable Tavistock to accelerate the growth of its wealth management business both organically and through an acquisition programme.