28 June 2024

Alpha Group International plc

("Alpha" or the "Group")

Share Buyback Programme

Alpha Group International plc, a leading provider of financial solutions to corporates and institutions, announces that it intends to commence a new share buyback programme to purchase ordinary shares of 0.2p each ("Ordinary Shares") and has allocated a further £20 million from its cash reserves to the new buyback programme (the "Buyback Programme"). The Ordinary Shares purchased will be held in treasury.

Following the conclusion of the £20 million buyback programme on 27 June 2024, the Board has reviewed its cash position. Given the current cash balances and the likelihood of further cash generation this year and beyond, the Board has agreed to implement a further Buyback programme of £20 million.

The Company has irrevocably instructed Liberum Capital Limited, the Company's broker, to conduct the Buyback Programme on its behalf (the "Instruction"). The Buyback Programme will be effected within certain pre-set parameters, including that the maximum price paid per Ordinary Share shall be the higher of 105 per cent. of the average trailing 5-day mid-market closing price or an amount equal to the higher of the price of the last independent trade of an Ordinary Share and the highest current independent bid for an Ordinary Share, in accordance with the authority granted at the Company's AGM (the "Authority").

The Instruction will be effective immediately from the date of this announcement and will expire on the date of the Company's next Annual General Meeting, or earlier, if the maximum aggregate consideration of £20 million has been reached.

A buy-back of Ordinary Shares on any trading day may represent a significant proportion of the daily trading volume and may exceed 25 per cent. of the average daily trading volume. Accordingly, the Company will not benefit from the exemption contained in Article 5(1) of the UK version of the Market Abuse Regulation (Regulation (EU) No 596/2014) as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

The Company is satisfied that it is not currently in a closed period, nor is it party to any inside information which has not previously been disclosed via Regulatory Information Service.

Enquiries:

Notes to editors

Alpha is a high-tech, high-touch provider of enhanced financial solutions dedicated to corporates and institutions operating internationally. Working with clients across 50+ countries, we blend intelligent human capabilities with new technologies to provide an enhanced alternative to traditional banking services, with solutions covering: FX risk management, global accounts, mass payments, fund finance, and cash management.

Key to our success is our team - over 400 people based across nine global offices, brought together by a high-performance culture and a partnership structure that empowers them to act as owners of our business.

Despite being an established business listed on the London Stock Exchange, we remain relentlessly focused on maintaining the same level of operational agility and client focus we had when we first started in 2009. This dynamic, combined with the passion of our people, has enabled us to make a substantial and enduring difference to our clients, and deliver a growth story to match.