London/Madrid/Amsterdam – Allfunds Group plc (“Allfunds”) (TICKER: ALLFG), one of the world’s leading B2B WealthTech platforms for the fund industry, announces today the start of a €100 million share buyback programme to repurchase its ordinary shares (the “Shares”), to be executed in two tranches in the next 15 months with the purpose to reduce Allfunds’ share capital (the “SBB Programme”).

The first tranche of the SBB Programme will commence on 31 July 2023 with a maximum of up to 12,500,000 Shares (“Maximum Shares”) and up to a maximum total value of €50 million (“Maximum Consideration”) on Euronext Amsterdam. It is expected to end at the earliest of: (a) the date on which the Maximum Shares have been purchased; (b) the date on which the Maximum Consideration has been reached; and (c) 27 February 2024.

This tranche of the SBB Programme is being carried out pursuant to a buyback contract signed with Exane SA in the terms approved by the shareholders of Allfunds at its annual general meeting held on 9 May 2023 and under the authority to purchase up to 62,942,634 Shares granted thereby. It will also be carried out in compliance with the requirements set out in article 5 of the Market Abuse Regulation (EU) 596/2014 and Chapter II of Commission Delegated Regulation (EU) 2016/1052 (the “Applicable Regulations”).

In accordance with the requirements under the Applicable Regulations, Allfunds will provide weekly updates on the progress of the programme via press release and on the Investor Relations section of Allfunds' website: https://allfunds.com/es/investors/share/.

Important Legal Information

This press release is issued in connection with the disclosure and reporting obligations set out in Article 2(1) of the Commission Delegated Regulation (EU) 2016/1052.

Certain statements in this document may be forward-looking. There are a number of risks, uncertainties and other important factors which could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These include, among other factors, changing economic, business or other market conditions, changing political conditions and the prospects for growth anticipated by the management of Allfunds. Any forward-looking statements contained in this document based upon past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Allfunds does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No undue reliance should be placed in such forward-looking statements.