£500k Credit Facility & CLN Variation

11 July 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 ("MAR") WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN

Westminster Group Plc

('Westminster', the 'Group' or the 'Company')

£500,000 Credit Facility & Convertible Loan Note Variation

Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions worldwide, is pleased to announce that it has secured a £500,000 credit facility from Pantheon A Family Office Limited ("Pantheon"), Westminster's strategic investor.

The credit facility will provide the Company with a flexible financing option for short term financing, if required, to support the Company's expansion and the delivery of new and recently secured projects. Any funds drawn down will have a repayment term of 6 months and will not be interest bearing. The credit facility is unsecured and will have a term of 1 year.

Convertible Loan Note variation

As consideration for making the credit facility available, together with agreement that Pantheon will waive any future interest on funds drawn down under the Convertible Loan Notes (CLN) instrument, as announced on 1 July 2024, Westminster has agreed to revise the CLN conversion price from 3p to 2p per share on the funds currently drawn under the CLN. A minimum annual interest saving of £100,000 is therefore achieved under this arrangement.

Pantheon has undertaken not to convert any of the CLNs for a period of 12 months, and in line with all regulatory requirements as appropriate at the time. All other terms of the CLN remain unchanged.

Related Party Transaction

Pantheon has a current shareholding in the Company of 27.8% and is therefore categorised as a Substantial Shareholder of the Company pursuant to the AIM Rules for Companies ("AIM Rules"). Jing Zhou represents Pantheon on the board of Westminster. Accordingly, the above transactions with Pantheon are classified as a related party transaction pursuant to the AIM Rules.

The independent Directors of the Company, having consulted with Strand Hanson Limited, the Company's Nominated Adviser, consider that the above transactions are fair and reasonable insofar as the Company's shareholders are concerned.

Commenting on the new credit facility, Westminster's Chief Executive Officer, Peter Fowler, said:

"Pantheon is an extremely supportive investor in the business and this latest funding facility demonstrates their continued support and strong belief in the Company and its future growth and success. To have a facility like this, effectively an interest free overdraft, available, if required, for short term use will be a great asset."

For further information please contact:

 Notes:

The Westminster Group Plc is a global integrated security services group, delivering niche security solutions and long-term managed services to high growth and emerging markets around the world, with a particular focus on long-term recurring revenue business.

Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions, encompassing a wide range of surveillance, detection, tracking and interception technologies and the provision of long-term managed services contracts such as the management and running of complete security services and solutions in airports, ports and other such facilities together with the provision of manpower, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGOs) and blue-chip commercial organisations.

The Westminster Group Foundation is part of the Group's Corporate Social Responsibility activities. www.wg-foundation.org

The Foundation's goal is to support the communities in which the Group operates by working with local partners and other established charities to provide goods or services for the relief of poverty and the advancement of education and healthcare particularly in the developing world.

The Westminster Group Foundation is a Charitable Incorporated Organisation, CIO, registered with the Charities Commission number 1158653.