Equals Group plc

('Equals' or the 'Company')

Issue of Equity

Equals (AIM:EQLS), the fast-growing payments group focused on the SME marketplace, announces that further to its announcement of 14 December 2022, the Company has allotted a total of 747,488 ordinary shares of 1 pence each ('Ordinary Shares') to its Share Incentive Plan ('SIP') trust for eligible employees.  The Ordinary Shares will be held in trust until the vesting conditions are met at the end of the holding period on 13 December 2025.  Details of the scheme are available on the Company's website www.equalsplc.com.

Application has been made for the 747,488 Ordinary Shares to be admitted to trading on AIM ('Admission'). Admission is expected to occur at 8:00am on 25 January 2023.

Following Admission, the Company will have 181,459,961 ordinary shares of 1 pence each in issue admitted to trading on AIM.  The Company holds no shares in Treasury.  Accordingly, the above figure will be used as the denominator for the calculations by which shareholders will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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Notes to Editors:

Equals Group is a technology-led international payments group augmented by highly personalised service for the payment needs of SME's whether these be FX, card payments or via Faster Payments.  Founded in 2007, the Group listed on AIM in 2014.  For more information, please visit www.equalsplc.com.