Posting of Annual Report and Accounts

22 April 2022

Sanne Group plc

(Sanne or the Company)

Posting of Annual Report and Accounts

Sanne, a leading global provider of outsourced alternative asset and corporate business services, has posted its Annual Report and Accounts for the year ended 31 December 2021 (the 2021 Annual Report and Accounts) to its shareholders. The 2021 Annual Report and Accounts can also be downloaded from the Company's website at www.sannegroup.com.

In accordance with Listing Rule 9.6.1, a copy of the 2021 Annual Report and Accounts has been submitted to and will be available for inspection at the National Storage Mechanism.

Information required under Disclosure Guidance and Transparency Rule 6.3.5

This announcement should be read in conjunction with the Company's preliminary results announcement issued on 1 April 2022. Together, these announcements constitute the material required by Disclosure Guidance and Transparency Rule 6.3.5 to be communicated to the media in full unedited text through a Regulatory Information Service. A description of the Principal Risks and Uncertainties and the Directors' Responsibilities Statement, extracted in full unedited text from the 2021 Annual Report and Accounts, are set out below. This information should be read in conjunction with, and not as a substitute for, reading the full 2021 Annual Report and Accounts. Page numbers and notes in the following appendices refer to page numbers and notes in the Company's 2021 Annual Report and Accounts.

Appendix A: Principal Risks and Uncertainties

Principal Risks

The principal risks are the key risks to Sanne that could result in events or circumstances that might threaten Sanne's business model, future performance, solvency, liquidity or reputation; they include the exposures that present the highest level of inherent risk to the organisation.

The principal risks are formally assessed at least annually through the Risk Assessment Programme, alongside a mid-year review and are monitored regularly through the Group Business Risk Committee and subject to continual oversight from the Board through the PLC Risk Committee.

The Board and Executive have completed a robust Group risk assessment and agreed that the most material risks will be presented in the Annual Report and Accounts as the principal risks.

It is acknowledged that the acquisition of Sanne by Apex may result in increased risk exposures globally, during transition and post-acquisition. Execution and integration risk will be elevated for a period of time whilst significant change will be prominent over a period of months. Oversight and monitoring during this period will take on critical importance.

Acquisition Risk: The risk that acquisitions present unidentified liabilities or fail to achieve business objectives and potential value. During 2021, Sanne acquired 100% of the issued share capital of PEA on 1 March 2021 and of Strait on 7 April 2021. Sanne has also negotiated the acquisition of the fund administration business of the PraxisIFM Group, which completed in December. The PraxisIFM acquisition represented one of the most complicated transactions undertaken by Sanne in the last few years due to it being a carve-out of a business from another listed company across five jurisdictions during the COVID pandemic.

Compliance Risk: Failure to comply with regulatory requirements or failing to anticipate and / or respond to regulatory changes/themes. During the period Financial Action Task Force (FATF) added Cayman Islands and Malta to its 'grey' list, those under increased monitoring due to strategic deficiencies. This will likely result in increased supervision, increased regulatory requirements and strict enforcement where breaches exist.

Competitor & Client Demand Risk: The failure to anticipate and respond to competitor's activity, client demands, innovation, economic, regulatory and political changes in the markets we operate in. There continues to be rapid and ongoing consolidation of the service provider market. It is likely this will lead to a 'big four/five' in the mid to long-term future resulting in a changed landscape.

Fiduciary Risk: Failure to clearly define Sanne's role in providing management services to a client structure / service vehicle or a failure to fulfil the role expertly. Typically, where Sanne appoints a director to the Board, acts as trustee or as investment manager. Regulatory scrutiny and supervision of fund administrators continues to show an increasing trend though the legal environment is relatively stable.

Financial Crime1 Risk: Inadequate systems, procedures and controls to prevent Sanne being exposed to or facilitating financial crime. Changes to financial crime regulation continues, especially where there is increase oversight from international bodies, such as FATF.

Financial Performance Risk: Failure to manage and monitor the financial performance of the Group on an ongoing and forecast basis.

Process Risk: Lack of relevant process or incorrect, inconsistent, or untimely execution of processes.

Staff Resources Risk: The risk of failing to attract, retain and develop sufficient qualified and capable resources could have an adverse impact on Sanne's operations and clients. The risk and control environment continues to be volatile and, due to several contributing factors, present exceptional, unstable and unpredictable circumstances, many of which are outside of direct influence and control.

Strategy Risk: Inadequate strategic business decisions or failure to execute the defined strategy.

Technology2 Risk: The risk of failure to ensure that Sanne's technology meets business and client requirements, including being both stable and resilient.

1 Financial Crime Risk is the collective term that includes money laundering, terrorist financing, sanctions, fraud, bribery & corruption and tax evasion risks.

2 Technology Risk is the collective term that includes Cyber & Data, Resilience & Stability and Design.

Appendix B: Directors' Responsibilities Statement

We confirm that to the best of our knowledge:

· the financial statements, prepared in accordance with the applicable set of accounting standards, give a true and fair view of the assets, liabilities, financial position and profit of the parent Company and its undertakings included in the consolidation taken as a whole; and

· the Strategic Report and Directors' Report include a fair view of the development and performance of the business and the position of the Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face.

This responsibility statement has been approved by the Board of Directors of Sanne Group plc on 31 March 2022* and is signed on its behalf by:

Martin Schnaier

Chief Executive Officer

31 March 2022

James Ireland

Chief Financial Officer

31 March 2022

\* The Board of Directors of Sanne Group plc as at 31 March 2022 are listed on pages 32 and 33 of the 2021 Annual Report and Accounts.

For and on behalf of Sanne Group plc

Notes:

Sanne is a leading global provider of alternative asset and corporate services. Established for over 30 years and listed on the Main Market of the London Stock Exchange and a member of the FTSE 250 index. Sanne employs more than 2,200 people worldwide and administers structures and funds that have in excess of £500 billion of assets.

Key clients include alternative asset managers, financial institutions, family offices and corporates.

Sanne operates from a global network of offices located in leading financial jurisdictions, which are spread across the Americas, Europe, Africa and Asia-Pacific.

www.sannegroup.com

LEI Code: 2138005UBLKEZRITH576

THE ANNOUNCEMENT MAY CONTAIN "FORWARD-LOOKING STATEMENTS". FORWARD-LOOKING STATEMENTS SOMETIMES USE WORDS SUCH AS "AIM", "ANTICIPATE", "TARGET", "EXPECT", "ESTIMATE", "INTEND", "PLAN", "GOAL", "BELIEVE", "SEEK", "MAY", "COULD", "OUTLOOK" OR OTHER WORDS OF SIMILAR MEANING. BY THEIR NATURE, ALL FORWARD-LOOKING STATEMENTS INVOLVE RISK AND UNCERTAINTY BECAUSE THEY RELATE TO FUTURE EVENTS AND CIRCUMSTANCES WHICH ARE BEYOND THE CONTROL OF THE COMPANY. AS A RESULT, THE ACTUAL FUTURE FINANCIAL CONDITION, PERFORMANCE AND RESULTS OF THE COMPANY MAY DIFFER MATERIALLY FROM THE PLANS, GOALS AND EXPECTATIONS SET FORTH IN ANY FORWARD-LOOKING STATEMENTS. ANY FORWARD-LOOKING STATEMENTS MADE HEREIN SPEAK ONLY AS OF THE DATE THEY ARE MADE AND THE COMPANY DOES NOT ASSUME OR UNDERTAKE ANY OBLIGATION OR RESPONSIBILITY TO UPDATE ANY OF THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS ANNOUNCEMENT, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT TO THE EXTENT LEGALLY REQUIRED.