Madrid, London – 26 February 2026. Allfunds, a global wealth management platform, has formed a strategic partnership with Waystone to leverage the strengths of both firms. Under this agreement, Allfunds’ existing ManCo vehicles will transition to Waystone and benefit from its dedicated Management Company services. The partnership also establishes that Waystone’s clients will benefit from access to Allfunds' extensive distribution network, technology, and platform connectivity.

Waystone brings significant scale and expertise to the partnership, overseeing more than $450 billion in assets and employing 1,800 professionals worldwide. The firm is recognised as the market-leading independent ManCo in Europe and ACD in the UK, with a proven track record of delivering high-quality oversight across both traditional and alternative funds. Waystone also offers a comprehensive suite of white-label ETF platform solutions across Ireland and Luxembourg, along with deep ETF capital markets expertise.

Under the terms of the agreement, the management activities of the existing Allfunds Manco for the different Luxembourg and Ireland-based investment vehicles will transition to Waystone, subject to regulatory approvals.

Annabel Spring, CEO, Allfunds, said: “Choosing the right partners is central to how we serve our clients, and Waystone's depth of expertise and consistently high standards make them a natural fit to continue supporting our clients' ManCo needs. Their strength in fund governance sits well alongside Allfunds' own distribution and platform capabilities, giving clients both dedicated oversight and access to our global reach. This partnership allows us to focus more sharply on our core priorities while offering clients a stronger, more complete service.”

Sanjiv Sawhney, Group CEO, Waystone, commented - "We are delighted to partner with Allfunds, a high-quality, global distribution platform. By transitioning ManCo responsibilities to Waystone, Allfunds’ clients will benefit from our mission-critical ManCo support and integrated service offering, underpinned by deep industry experience, strong regulatory relationships and a proven, repeatable lift-out model. At the same time, this partnership enables our clients to continue to access Allfunds' world-class distribution network and exemplifies how we build long-term strategic relationships with financial institutions worldwide, delivering governance capability at scale while enabling our partners to focus on their core growth objectives.”

Madrid/London, 23 February – Allfunds, a leading global wealth management platform, today announced a strategic collaboration with MSCI, a global provider of research-based data, analytics and indexes.

The collaboration will allow Allfunds clients to leverage MSCI’s market-leading data and analytical insights. MSCI’s robust suite of metrics and tools is designed to support wealth managers as they identify investment opportunities, manage risk, align with regulatory requirements, and incorporate a broad set of considerations in their investment processes, helping them navigate the complexities of the modern financial landscape.

The combination of MSCI’s trusted global data and analytics with Allfunds existing data solutions is expected to provide breadth and analytical depth to the Allfunds platform and will support clients in addressing evolving regulatory requirements.

Licia Megliani, Head of Value Added Services at Allfunds, said: “By integrating MSCI’s global datasets into Allfunds’ solutions, we significantly strengthen the analytical coverage delivered through the platform — equipping clients with the capabilities they need to stay ahead of evolving regulatory requirements.”

Naomi English, Head of Sustainability at MSCI, said: “We are pleased to partner with Allfunds to offer MSCI data to Allfunds’ exceptional network of wealth managers. Wealth managers understand that investing for the long term demands the ability to identify emerging risks and opportunities, manage the resiliency of investments over time, and provide transparency to their end-clients and stakeholders. Allfunds clients can now leverage MSCI solutions to enhance the financial decisions that they make on behalf of end-investors.” 

Access the full announcement here.

THIS IS A PUBLIC ANNOUNCEMENT BY ALLFUNDS PURSUANT TO SECTION 17 PARAGRAPH 1 OF THE EUROPEAN MARKET ABUSE REGULATION (596/2014)

For Immediate Release

27 November 2025

Allfunds Group plc (“Allfunds”) notes the recent press speculation regarding a potential transaction involving Allfunds. Allfunds confirms that it was approached by Deutsche Börse AG (“Deutsche Börse”) and is in exclusive discussions with them concerning a potential acquisition of Allfunds by Deutsche Börse. The board of directors of Allfunds has unanimously agreed to Allfunds entering into exclusivity on the basis of the proposal put forward by Deutsche Börse (the “Deutsche Börse Proposal”).

The Deutsche Börse Proposal under discussion implies a total consideration of:  

€8.80 per Allfunds share

to be delivered as follows:

·    €4.30 per Allfunds share in cash;

·    €4.30 of new Deutsche Börse shares per Allfunds share based on Deutsche Börse's undisturbed last 10 day VWAP share price prior to announcement; and

·     €0.20 per Allfunds share for the financial year 2025 as a permitted cash dividend to be paid by Allfunds in 2026.

In addition, under the proposal Allfunds shareholders would also be entitled to receive cash dividends, pro-rated as at the date of closing, of up to €0.20 per Allfunds share for the financial year 2026 and €0.10 per Allfunds share per quarter during the financial year 2027. It is expected that the combination of Deutsche Börse and Allfunds would be effected through a scheme of arrangement under Part 26 of the UK Companies Act 2006.

The announcement of any binding offer relating to the proposal is subject to the satisfaction or waiver of a number of customary pre-conditions, including, amongst other things, the satisfactory completion of customary due diligence in respect of Allfunds, the finalisation of definitive transaction documentation and approval of the Deutsche Börse and Allfunds Boards.

There can be no certainty as to any future agreement with Deutsche Börse or any other party in respect of any potential transaction, nor as to the terms of any potential transaction (if agreed).

This is a public announcement by Allfunds pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This public announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities.

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