Xps Pensions Regulatory News (XPS)

5 September 2023

XPS Pensions Group plc

(the "Company")

AGM Update - Withdrawal of AGM Resolution

The notice of the Annual General Meeting (AGM) of XPS Pensions Group plc to be held on Thursday 7 September 2023 includes a proposal to adopt a new Directors' Remuneration Policy under resolution four.

The Company announces that it no longer intends to seek shareholder approval for the new Directors' Remuneration Policy and that it has therefore decided to withdraw resolution four from the agenda, in favour of continuing to engage with shareholders. The Company will undertake a new consultation with shareholders and thereafter seek shareholder approval for a new Directors' Remuneration Policy before 31 March 2024.

The withdrawal of resolution four does not affect the validity of the notice of AGM, the proxy form or any proxy votes already submitted in respect of the remaining resolutions to be proposed at the AGM. The numbering of all other proposed resolutions at the AGM remains unchanged.

All arrangements for the AGM are unchanged from those previously notified.

-Ends-

For further information, contact:

Canaccord Genuity (Joint Broker)

Adam James  +44 (0)20 7523 8000

RBC Capital Markets (Joint Broker)

James Agnew  +44 (0)20 7653 4000

Jamil Miah