Company Announcements

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

LEI: 213800NWMK3O4UWP9N91

5 January 2024

LendInvest plc

Sale of residual economic interest in securitisation

LendInvest plc (AIM: LINV, "LendInvest" or the "Group"), a leading platform for mortgages has, through its LendInvest BTL Limited subsidiary, successfully completed the sale of its non-risk retention residual economic interest in the Mortimer BTL 2023-1 plc securitisation for a net consideration of £5 million. Citi's secondary trading desk managed the sale process and purchase for onward sale.

In line with the Group's strategy to optimise its funds under management, while at the same time moving more assets off its balance sheet, the transaction will result in a reduction in the Group's gross loans and advances of c£392 million. The transaction will generate a net pre-tax gain of c£12.1 million for FY2024.

Rod Lockhart, Chief Executive Officer of LendInvest, said: "We are delighted to have successfully completed this sale, which will strengthen our balance sheet, and underlines our focus on returning the business to profitability.

--Ends--

Enquiries:

LendInvest via Teneo                                                                                                           +44 (0)20 7353 4200
Rod Lockhart, Chief Executive Officer                                          
David Broadbent, Chief Financial Officer

Hugo Davies, Chief Capital Officer
Leigh Rimmer, Head of Communications                                                                                   
investorrelations@lendinvest.com                       

Panmure Gordon (NOMAD and Joint Broker)                                                               +44 (0)20 7886 2500
Atholl Tweedie
David Watkins

Cavendish (Joint Broker)                                                                                                    +44 (0)20 7220 0500
Jonny Franklin-Adams
Tim Redfern

Teneo (Financial PR)                                                                                                             +44 (0)20 7353 4200
Tom Murray
Ed Cropley
Olivia Lucas         

Important Notices

The information contained in this announcement is for information purposes only.  This announcement has been prepared in accordance with English law, the UK Market Abuse Regulation and the AIM Rules for Companies and information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions outside England.

Subject to the requirements of the UK Market Abuse Regulation and the AIM Rules for Companies, the delivery of this announcement shall not create any implication that there has been no change in the affairs of LendInvest or any group company since the date of this announcement or that the information in this announcement is correct as at any time subsequent to its date.

Certain statements in this announcement are forward-looking statements. In some cases, these forward looking statements can be identified by the use of forward looking terminology including the terms "anticipate", "believe", "intend", "estimate", "expect", "may", "will", "seek", "continue", "aim", "target", "projected", "plan", "goal", "achieve" and words of similar meaning or in each case, their negative, or other variations or comparable terminology. Forward-looking statements are based on '''current expectations and assumptions and are subject to a number of known and unknown risks, uncertainties and other important factors that could cause results or events to differ materially from what is expressed or implied by those statements. Many factors may cause actual results, performance or achievements of LendInvest to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Important factors that could cause actual results, performance or achievements of LendInvest and members of its group to differ materially from the expectations of LendInvest, include, among other things, general business and economic conditions globally, industry trends, competition, changes in government and changes in regulation and policy, changes in its business strategy, political and economic uncertainty and other factors. As such, undue reliance should not be placed on forward-looking statements. Any forward-looking statement is based on information available to LendInvest as of the date of the statement. All written or oral forward-looking statements attributable to LendInvest are qualified by this caution. Other than in accordance with legal and regulatory obligations, LendInvest undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Nothing in this announcement should be regarded as a profit forecast.