Vale Brothers - associate company corporate update

11 October 2023

CEPS PLC

('CEPS' OR THE 'COMPANY')

Update on Notice of Intention to appoint Administrator filed by Vale Brothers Limited

Further to the announcement made by the Company on 27 September 2023, the Board of CEPS announces that it has been informed that Vale Brothers Limited ("Vale"), a subsidiary of CEPS's associate company Vale Brothers Group Limited ("Vale Group"), has, on 9 October 2023, filed a 2nd Notice of Intention to Appoint Administrators. This will allow the company and the proposed administrators additional time to progress the sale of the business and assets of the company.

A further announcement will be made as matters progress.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018).

The Directors of the Company accept responsibility for the content of this announcement.

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