Deferred consideration payment

KINGSWOOD HOLDINGS LIMITED

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

Deferred consideration payment

Kingswood Holdings Limited (AIM: KWG), the international, fully integrated wealth and investment management group, is pleased to announce that it has made the final deferred consideration payment of £1.775m relating to the acquisition of Sterling Trust Financial Consulting Limited (Sterling Trust), as announced on 25 June 2020. This represents the maximum achievable earn-out amount.

Kingswood will satisfy the consideration through the utilisation of its funding facility, as announced on 17 October 2022.

David Lawrence, Kingswood CEO, commented:

"Sterling Trust was a transformative acquisition for Kingswood when completed in June 2020 and we have been delighted at the growth it has seen as part of the Kingswood group".

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