18 June 2019

The following replaces in its entirety the announcement released on 17 June 2019 at 2.20 p.m. under RNS number 5072C.

B.P. Marsh & Partners Plc

("B.P. Marsh" or the "Company")

Replacement RNS - Share Incentive Plan

B.P. Marsh, the niche venture capital provider to early stage financial services businesses, announces that on 13 June 2019, a total of 19,218 ordinary shares of 10p each ("Ordinary Shares") which were being held in treasury were transferred to the B.P. Marsh SIP Trust. As a result, together with the previously unallocated shares, the B.P. Marsh SIP Trust has 33,330 Ordinary Shares available for allocation.

Subsequently 33,330 Ordinary Shares, held in the B.P. Marsh SIP Trust, have been granted to eligible employees as part of the Company's HMRC Sanctioned Share Incentive Plan ("SIP").

A total of 11 eligible employees applied for the 2019-20 SIP and have each been granted 1,212 Ordinary Shares ("19-20 Free Shares"), representing approximately £3,600 at the market price at the time of invitation. Furthermore, all eligible employees have elected to take up the opportunity to acquire 606 Ordinary Shares ("Partnership Shares"), equating to approximately £1,800 at the price of invitation.  For every Partnership Share that an eligible employee acquires, the SIP Trust has allocated for nil consideration two Ordinary Shares ("Matching Shares"), equating to an allocation of 1,212 Matching Shares to each eligible employee. In aggregate, therefore, each eligible employee will hold an additional 3,030 Ordinary Shares under the SIP. The 19-20 Free and Matching Shares are subject to a 1 year forfeiture period.

The Directors and Persons Discharging Managerial Responsibilities ("PDMR") have participated in this award and further details of the Directors' and PDMRs' interests in Ordinary Shares (as at today's date, following the award of 19-20 Free, Partnership and Matching Shares) are set out below:

*In aggregate including 11,434 shares held by his spouse.

At the date of this announcement, the total number of Ordinary Shares in issue is 37,478,077, and the total number of voting rights in B.P. Marsh, is 37,431,573. The Company holds 46,504 Ordinary Shares in Treasury. The figure of 37,431,573 may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information:

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notes to Editors:

About B.P. Marsh & Partners Plc

B.P. Marsh's current portfolio contains eighteen companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk.

Since formation over 25 years ago, the Company has assembled a management team with considerable experience both in the financial services sector and in managing private equity investments. Many of the directors have worked with each other in previous roles, and all have worked with each other for at least five years.

Prior to Brian Marsh's involvement in the Company, he spent many years in insurance broking and underwriting in Lloyd's as well as the London and overseas market. He has over 30 years' experience in building, buying and selling financial services businesses, particularly in the insurance sector.

Alice Foulk joined B.P. Marsh in September 2011 having started her career at a leading Life Assurance company. In 2014 she took over as Executive Assistant to the Chairman, running the Chairman's Office and established herself as a central part of the management team.

In February 2015 she was appointed as a Director of B.P. Marsh and a member of the Investment Committee. In January 2016 Alice was appointed Managing Director of B.P. Marsh.

In her position as Managing Director, Alice is responsible for the overall performance of the Company and monitoring the Company's overall progress towards achieving the objectives and goals of the Company, as set by the Board.

Dan Topping is the Chief Investment Officer of B.P. Marsh, having been appointed as a Director in 2011. He joined the Company in February 2007, following two years at an independent London accountancy practice. Dan is the Senior Executive with overall responsibility for the portfolio and investment strategy of B.P. Marsh.

Dan graduated from the University of Durham in 2005 and is a member of the Securities and Investment Institute and the Institute of Chartered Secretaries and Administrators.

Dan is a standing member of the B.P. Marsh Investment and Valuation Committees and currently serves as a Board Director across the portfolio.

Camilla Kenyon (Millie) was appointed to the main Board in 2011, following her appointment as Head of Investor Relations in 2009. She has dual responsibilities within the Group, running both Investor Relations and the New Business Department and is Chair of the New Business Committee evaluating new investment opportunities.

Millie is nominee director over one investee company and is a member of the Investment Committee. She has over 20 years of experience in the financial services industry, including numerous Board appointments and is a Member of the Investor Relations Society.

Jonathan Newman is a Chartered Management Accountant and is the Group Director of Finance and has over 20 years' experience in the financial services industry. Jon graduated from the University of Sheffield with an honours degree in Business Studies and joined the Group in November 1999, following two years at Euler Trade Indemnity and two years at a Chartered Accountants. Jon is a Member of the Chartered Global Management Accountants, the Chartered Management Accountants and the Chartered Institute of Securities and Investment.

Jon was appointed a Director of B.P. Marsh & Company Limited in September 2001, and Group Finance Director in December 2003 and was instrumental in the admission of the Group to AIM in February 2006. Jon is a member of the B.P. Marsh Investment and Valuation Committees and currently serves as a Board Director for Walsingham Motor Insurance Limited, and provides senior financial support and advice to all companies within the Group's portfolio as well as evaluating new investment opportunities.

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