Recommended cash offer

27 March 2018

FreeAgent Holdings plc 

("FreeAgent" or the "Company") 

Recommended cash offer

The Board of FreeAgent (AIM: FREE) notes the announcement made earlier today by The Royal Bank of Scotland Group plc (LSE: RBS) (the "Announcement") of its recommended cash offer for the Company. The Company refers you to the Announcement for full details of the offer.

-ENDS-

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Notes to editors:

About FreeAgent:

FreeAgent provides the UK's market-leading online accounting system specifically-designed to meet the needs of contractors, freelancers, micro businesses and the accountants they work with. More than 60,000 customers currently use the award-winning system to manage and maintain their business accounts, track time, log expenses, create and send invoices, forecast their tax bills and file their Self Assessment and VAT returns directly to HMRC.

FreeAgent won the Best SME Accounts/Bookkeeping category at the 2017 AccountingWEB Software Excellence Awards and is a former winner at the British Accountancy Awards. The company is a FCSA partner and has been listed twice on the Deloitte Fast 50, as well as being named "one to watch" in the Tech Track 100.

Since November 2016, FreeAgent Holdings plc (AIM: FREE), has been a quoted company listed on AIM, a market operated by the London Stock Exchange.