Publication of a Prospectus

This announcement does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or solicitation of any offer to subscribe for or to acquire, any ordinary shares of Onward Opportunities Limited in any jurisdiction, including in or into or from the United States of America, Australia, Canada, Japan, the Republic of South Africa or in any other jurisdiction.

13 April 2026

Onward Opportunities Limited

("Onward Opportunities" or the "Company")

Publication of Prospectus

Onward Opportunities Limited (TIDM: ONWD), the investment company targeting opportunities in UK smaller companies, is pleased to announce the publication of a prospectus (the "Prospectus") in relation to the proposed admission of its ordinary shares (the "Ordinary Shares") to listing on the closed-ended investment funds segment of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the Main Market for listed securities of the London Stock Exchange (together, "Admission").

It is expected that: (i) Admission will take place at 8.00 a.m. on 16 April 2026; and (ii) the Ordinary Shares will be cancelled from trading on AIM at 8.00 a.m. on 16 April 2026. The last day of trading of the Ordinary Shares on AIM is therefore expected to be 15 April 2026.

Onward Opportunities is not offering any new Ordinary Shares nor any other securities in connection with the proposed Admission. Following Admission, the Ordinary Shares will continue to be registered with their existing ISIN of GG00BMZR1514 and the TIDM will remain ONWD.

The Company's shareholders should consult their own professional advisers regarding the consequences of Admission for them.

The Prospectus has been approved by the FCA and will shortly be available to view on the Onward Opportunities website, www.onwardopportunities.co.uk. A copy of the Prospectus will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information, please contact:

For more information please visit: www.onwardopportunities.co.uk