REG - FitzWalter Capital Auction Technology - No intention to make an offer for ATG plc

Auction TechnologyAnnouncement

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RNS Number : 1912R  FitzWalter Capital Limited  02 February 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE")

FOR IMMEDIATE RELEASE

2 February 2026

FitzWalter Capital Limited,

for and on behalf of funds and/or investment vehicles managed or advised by it
("FitzWalter")

No intention to make an offer for Auction Technology Group plc ("ATG" or the
"Company")

On 29 January 2026, FitzWalter was informed that the Board had unanimously
rejected FitzWalter's proposed offer of 400 pence per ATG share. In light of
the Board's rejection and refusal to facilitate access to due diligence,
FitzWalter confirms that it does not intend to make an offer for ATG.

This is a statement to which Rule 2.8 of the Code applies. Accordingly,
FitzWalter and any person(s) acting in concert with it will, except with the
consent of the Panel on Takeovers and Mergers (the "Takeover Panel"), be bound
by the restrictions set out in Rule 2.8 of the Code, including that it will
not be able to make an offer for ATG, subject to the exceptions in Rule 2.8,
for six months from the date of this announcement. Under Note 2 on Rule 2.8 of
the Code, FitzWalter, and any person(s) acting in concert with it, reserves
the right to set the restrictions in Rule 2.8 aside in the following
circumstances:

(a)      with the agreement of the board of directors of ATG;

(b)      following the announcement of a firm intention to make an offer
for ATG by, or on behalf of, a third party;

(c)      following the announcement by ATG of a Rule 9 waiver proposal
(see Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a
reverse takeover (as defined in the Code); or

(d)      if there has been a material change of circumstances (as
determined by the Takeover Panel).

Enquiries

 FitzWalter Capital Limited  +44 (0)20 7550 6104
 Andrew Gray

Media enquiries

 Greenbrook        +44 207 952 2000
 Rob White         fitzwaltercapital@greenbrookadvisory.com

 Michael Russell

Important notices

This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any securities, or the
solicitation of any vote or approval in any jurisdiction, pursuant to this
announcement or otherwise.

The distribution of this announcement in jurisdictions other than the United
Kingdom may be affected by the laws of relevant jurisdictions. Therefore any
persons who are subject to the laws of any jurisdiction other than the United
Kingdom or shareholders of ATG who are not resident in the United Kingdom will
need to inform themselves about, and observe, any applicable requirements.

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