AGM and Trading Update

26 May 2021

EQUINITI GROUP PLC - AGM AND TRADING UPDATE

Equiniti Group plc ("EQ" or "the Group"), an international technology-led services and payments specialist, is holding its Annual General Meeting today and is issuing the following trading update covering progress to date in 2021.

TRADING UPDATE

The Q1 2021 trends outlined in the Group's 2020 full year results announcement on 1 April 2021 have continued in Q2 with some divisions gaining positive momentum whilst others continue to be impacted by lockdown restrictions.

EQ remains focussed on delivering a market-leading service to clients as evidenced by strong ongoing client retention and a number of important new business wins in the period.

EQ is experiencing signs of improvement in activity levels in EQ Boardroom and EQ US based on increasing volumes of IPO and corporate actions, a return to dividend payments and higher share dealing volumes. The Group is on track to win a record number of new clients arising from IPOs in 2021.

In EQ Digital, the external environment remains very challenging as many client offices remain closed, impacting project work and clients waiting for economic conditions to improve and a return to offices before making commitments to projects.

In EQ Paymaster, there continues to be delays to some project work, particularly in Government activities.

Notwithstanding the steepening of the longer dated end of the yield curve, the Group reiterates that total interest-related income earned across the Group is expected to reduce by £14m in 2021 and £5m in 2022.

OUTLOOK

The outlook remains dependent on the pace and shape of the economic recovery and the timing of the return of market-paid activities as set out in the Group's 2020 full year results. As a result of these continuing uncertainties, the Group remains unable to provide formal guidance regarding the expected financial outturn for the current year.

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Forward-looking statements

This announcement contains forward-looking statements regarding EQ. These forward-looking statements are based on current information and expectations, and are subject to risks and uncertainties, including market conditions and other factors outside of EQ's control. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. EQ undertakes no obligation to publicly update any forward-looking statement contained in this release, whether as a result of new information, future developments or otherwise, except as may be required by law.