PAL enters into a UK agreement with Spense

FOR IMMEDIATE RELEASE      11 November 2026

Manx Financial Group PLC

(the “Group”)

Payment Assist Limited enters into a UK agreement with European payment technology provider Spense

Manx Financial Group PLC (AIM: MFX), providing diversified financial services to the Isle of Man and the United Kingdom, is pleased to announce that its wholly owned subsidiary, Payment Assist Limited (“Payment Assist”), has signed contracts with Norwegian automotive payment technology business Spense, under which Payment Assist’s Buy Now, Pay Later products will be integrated into the Spense platform.

Spense integrates its payment software across franchised dealer groups and vehicle manufacturers including JLR, Audi, Porsche, Cupra and Skoda, and will launch in the UK in 2027. It currently operates in Norway, Denmark, Sweden, Belgium, the Netherlands and Lithuania, and partners with numerous dealer management system providers including Incadea and Keyloop, which also serves Germany, Luxembourg and France. The arrangement embeds Payment Assist at the point of payment and gives it a another potential route into Europe through Spense’s existing footprint, in line with Payment Assist’s strategy.

Commenting on the partnership, Douglas Grant, Group CEO of Manx Financial Group PLC, stated: “This agreement is strategic for the Group on two fronts. Spense has chosen Payment Assist as the BNPL provider within its platform, placing our products at the point of payment in franchised dealerships across the UK. It also gives Payment Assist another potential route into Europe through a partner already working with leading manufacturers and dealer networks across the continent. It is a disciplined way to grow our existing business lines and to build long-term value for shareholders.”

Douglas Grant, Group CEO11 November 2026

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About Manx Financial

Manx Financial Group (AIM: MFX) is a diversified UK banking and financial services group with a proud Manx heritage. The Group holds Isle of Man and UK banking licences, allowing it to provide flexible funding solutions across both territories focused on SME lending. Knowledge of the SME sector has enabled MFX to build a portfolio of valuable subsidiaries, from start-ups to selective and accretive acquisitions, which are creating significant value for shareholders. These entrepreneurial subsidiaries are grouped under our entrepreneurial subsidiary Manx Ventures Limited.

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