Propty Franchis Regulatory News (TPFG)

3 March 2021

The Property Franchise Group PLC

(the "Company" or the "Group")

Result of General Meeting

The Company announces that, at its general meeting held today at 11.00 a.m. in connection with the recommended acquisition of Hunters Property PLC ("Hunters") (the "Acquisition"), the resolution put to shareholders was duly passed. Accordingly, the Company has been granted the authority to allot and issue the New TPFG Shares to Hunters Shareholders, to satisfy the share consideration payable in respect of the Acquisition. Completion of the Acquisition remains conditional on, inter alia, approval of the Scheme at the Court Meeting and the General Meeting of Hunters on 5 March 2021. Application will be made for the New TPFG Shares to be admitted to trading on AIM, which is expected to occur on 22 March 2021 and a further announcement will be made in due course.

Full details of voting results will be made available to view shortly on the Company's website at https://thepropertyfranchisegroup.co.uk/investors

Unless otherwise defined, capitalised terms in this announcement shall have the same meaning as the Scheme Document, dated 10 February 2021, which is available to view on the Company's website at https://thepropertyfranchisegroup.co.uk/investors

Publication on website

In accordance with Rule 26.1 of the City Code on Takeovers and Mergers, a copy of this announcement will be available free of charge, subject to certain restrictions relating to persons resident in restricted jurisdictions, on the Company's website at https://thepropertyfranchisegroup.co.uk/investors , by no later than 12.00 p.m. on the business day following this announcement.

Neither the contents of the Company's website, nor those of any other website accessible from hyperlinks on the Company's website, are incorporated into or form part of this announcement.

For further information, please contact: