FOR IMMEDIATE RELEASE                                                      9^th June 2022

Manx Financial Group PLC (the "Company")

Scrip Share Price

On 25^th May 2022, the Company declared a dividend of 0.2443 pence per Ordinary Share ("Dividend") payable on 23^rd June 2022 to holders of Ordinary Shares recorded on the register on 6^th June 2022.

The Company has offered Shareholders the opportunity to receive the Dividend in New Ordinary Shares instead of cash and the final election date is 13^th June 2022 at 5.00 p.m.

The New Share Price for the Dividend has been determined as 8.025 pence per Share.  This has been calculated taking the lowest daily volume weighted average price ("VWAP") derived from the Daily Official List of the London Stock Exchange plc during the period of twenty dealing days prior to (and including) the Ex-Dividend Date (capped at a 20% discount to the VWAP of the Ordinary Shares on the Ex-Dividend Date).

The process for electing to participate in the Scheme is detailed in the Scrip Dividend Circular which was posted to Shareholders on 30^th May 2022 and is also available on the investor page of the Company's website www.mfg.im/investor-centre/aim-rule-26 (Circulars section).

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

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