Repayment of Finance Facility

21July 2021

Arena Events Group plc

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

Repayment of Finance Facility

Arena Events Group plc, the integrated event solutions business, announces that it has agreed with its significant shareholder, Lombard Odier Investment Management ("LOIM"), to repay and cancel the short-term financing facility provided by LOIM to the Company (as originally announced on 11 November 2019 and updated on 26 March 2020 and 25 March 2021) (the "Finance Facility"). This decision will reduce the ongoing finance costs of the Company by approximately £0.4m on an annualised basis.

The principal amount drawn under the Finance Facility is £2.0m. This amount was due for repayment on 25 September 2021 and was repaid in full on 20 July 2021, along with £0.5m of compound interest. Repayment was made from the existing cash resources of the Company which totalled over £27m on 19 July 2021.

LOIM is classified as a "substantial shareholder" of the Company and is thus considered to be a "related party" under the AIM Rules. Therefore, the repayment of the Finance Facility is deemed to constitute a related party transaction for the purposes of AIM Rule 13. The Board, having consulted with Cenkos Securities plc, the Company's nominated adviser, considers that the decision to repay and cancel the Finance Facility extension is fair and reasonable insofar as the Company's shareholders are concerned.

Enquiries:

Josh Royston, John Coles