Disposal of Shares

21 March 2019

AJ Bell plc (Company)

Disposal of Shares

A Non-Employee Selling Shareholder (as defined in the prospectus published in relation to the initial public offering of the Company's shares on 27 November 2018 (Prospectus)), sold 7,000 ordinary shares of of £0.000125 each in the Company (Ordinary Shares) on 18 March 2019. The 7,000 Ordinary Shares were subject to the 180 day post-Admission (as defined in the Prospectus) lock up arrangements applicable to Non-Employee Selling Shareholders, as described in paragraph 10 of Part 7 (Details of the Offer) of the Prospectus in order to permit the sale. The Company gave prior written consent to the sale in accordance with the terms of the lock up arrangements. The remaining 38,010 Ordinary Shares held by the individual Non-Employee Selling Shareholder remain subject to the lock up arrangements.

Name of officer of issuer responsible for making notification: Bruce Robinson (Company Secretary)

Date of notification: 21 March 2019