Update on counterparties

13 March 2023

Argentex Group PLC

("Argentex" or the "Group")

Update on counterparties

Argentex Group PLC (AIM: AGFX) notes recent developments in relation to Silicon Valley Bank ("SVB") and confirms it has no exposure to the institution having never held accounts with SVB or SVB UK. No company or client funds are impacted by SVB's insolvency.

Argentex places risk management at the core of its business, with all client funds held and safeguarded at Tier 1 banks.

For further information please contact:

Argentex Group PLC

Harry Adams - CEO

Jo Stent - CFO

investorrelations@argentex.com

FTI Consulting LLP (Financial PR)

Ed Berry / Ambrose Fullalove / Jenny Boyd

07703 330 199

argentex@fticonsulting.com

Singer Capital Markets (Nominated Adviser and Broker)

Tom Salvesen / James Maxwell / Justin McKeegan

020 7496 3000