Holding(s) in Company

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached•:

K3 Business Technology Group PLC

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Details of person subject to the notification obligation

Name

Kestrel Partners LLP

City and country of registered office (if applicable)

LONDON, UK

4. Full name of shareholder(s) (if different from 3.),

Name

Kestrel Opportunities, a cell of Guernsey Portfolios PCC Ltd (through Bank of New York Nominees Ltd) and various other clients of Kestrel Partners LLP (through JIM Nominees Ltd, Bank of New York Nominees Ltd)

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reached:

28 May 2021

6. Date on which issuer notified:

01 June 2021

7. Total positions of person(s) subject to the notification obligation

% of voting rightsattached to shares(total of 8. A)

1% of voting rightsthrough financialinstruments(total of 8.B 1 + 8.B 2)

Total of both in %(8.A + 8.B)

Total number of voting rights of issuer

Resulting situation on the date on which threshold was

crossed or reached

24.44%

24.44%

44,732,379

Position of previous notification (if applicable)

25.29%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

A: Voting rights attached to shares

Class/type of

shares

ISIN code (if possible)

Number of voting rights.

% of voting rights

Direct

(Art 9 of Directive2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive2004/109/EC)(DTR5.2.1)

Direct

(Art 9 of Directive2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive2004/109/EC)(DTR5.2.1)

Ordinary Shares of 25p each

ISIN GBOOBOOP6O61

N/A

10,931,459

N/A

24.44%

SUBTOTAL 8. A

10,931,459

24.44%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 200411091EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration date.

Exercise/ Conversion Period-

Number of voting rights that may be acquired if the instrument is exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 200411091EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration date.

Exercise/ Conversion Period xi

Physical or cash

settlement-

Number of voting rights

% of voting rights

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity

(please add additional rows as necessary)

X

Name-

% of voting rights if itequals or is higher

than the notifiable

threshold

% of voting rights

through financial

instruments if it equals

or is higher than the notifiable threshold

Total of both if itequals or is higherthan the notifiablethreshold

Bank of New York Nominees Ltd

18.99%

18.99%

JIM Nominees Limited

0.15%

0.15%

Bank of New York Nominees Ltd

5.30%

5.30%

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

11. Additional information

The indirect voting rights held under (9) relate to shares held in client portfolios managed by Kestrel Partners LLP under discretionary investment management agreements

Place of completion

London

Date of completion

28/05/21