REG - Close Bros Grp PLC - Judgment in respect of "Hopcraft"

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RNS Number : 7058T  Close Brothers Group PLC  01 August 2025

Close Brothers Group plc and Close Brothers Finance plc

1 August 2025

SUPREME COURT JUDGMENT IN RESPECT OF THE "HOPCRAFT" CASE

On 11 December 2024, Close Brothers Limited ("CBL") obtained permission from
the Supreme Court of England and Wales (the "Supreme Court") to appeal the
Court of Appeal's judgment against CBL in respect of the "Hopcraft" motor
finance commissions case (the "Appeal"). The Appeal was heard by the Supreme
Court between 1 April 2025 and 3 April 2025.

Today, the Supreme Court gave its judgment in respect of the Appeal. 1 
(#_ftn1)

Close Brothers Group plc ("Close Brothers") is considering the Supreme Court's
judgment and will make any further announcements as and when appropriate.

Enquiries

 Sophie Gillingham  Close Brothers Group plc  020 3857 6574
 Camila Sugimura    Close Brothers Group plc  020 3857 6577
 Sam Cartwright     H/Advisors Maitland       07827 254 561

About Close Brothers

Close Brothers is a leading UK merchant banking group providing lending,
deposit taking and securities trading. We employ approximately 3,000 people,
principally in the United Kingdom and Ireland. Close Brothers is listed on the
London Stock Exchange and is a constituent of the FTSE 250.

Important Notices

Certain statements included or incorporated by reference within this
announcement may constitute "forward-looking statements" in respect of the
group's operations, performance, prospects and/or financial condition. All
statements other than statements of historical fact are, or may be deemed to
be, forward-looking statements. Forward-looking statements are sometimes, but
not always, identified by their use of a date in the future or such words as
"anticipates", "aims", "due", "could", "may", "will", "should", "expects",
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and other words and expressions of similar meaning. By their nature,
forward-looking statements involve a number of risks, uncertainties and
assumptions and actual results or events may differ materially from those
expressed or implied by those statements. There are also a number of factors
that could cause actual future operations, performance, financial conditions,
results or developments to differ materially from the plans, goals and
expectations expressed or implied by these forward-looking statements and
forecasts. These factors include, but are not limited to, those contained in
the group's annual report (available at:
https://www.closebrothers.com/investor-relations
(https://www.closebrothers.com/investor-relations) ). Accordingly, no
assurance can be given that any particular expectation will be met and
reliance should not be placed on any forward-looking statement. Additionally,
forward-looking statements regarding past trends or activities should not be
taken as a representation that such trends or activities will continue in the
future.

Except as may be required by law or regulation, no responsibility or
obligation is accepted to update or revise any forward-looking statement
resulting from new information, future events or otherwise. Nothing in this
document should be construed as a profit forecast. Past performance cannot be
relied upon as a guide to future performance and persons needing advice should
consult an independent financial adviser.

This announcement does not constitute or form part of any offer or invitation
to sell, or any solicitation of any offer to subscribe for or purchase any
shares or other securities in the company or any of its group members, nor
shall it or any part of it or the fact of its distribution form the basis of,
or be relied on in connection with, any contract or commitment or investment
decisions relating thereto, nor does it constitute a recommendation regarding
the shares or other securities of the company or any of its group members.
Statements in this announcement reflect the knowledge and information
available at the time of its preparation. Liability arising from anything in
this announcement shall be governed by English law. Nothing in this
announcement shall exclude any liability under applicable laws that cannot be
excluded in accordance with such laws.

 1  (#_ftnref1) The judgment will be published on the case page here:
https://www.supremecourt.uk/cases/uksc-2024-0157
(https://www.supremecourt.uk/cases/uksc-2024-0157) .

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