Statement regarding CareTech Holdings PLC

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")

FOR IMMEDIATE RELEASE

27 June 2022

Statement regarding CareTech Holdings PLC

Further to the announcement on 4 April 2022 by DBAY Advisors Ltd ("DBAY") that DBAY was considering a possible offer for CareTech Holdings PLC ("CareTech"), DBAY today confirms that it is not intending to make an offer for CareTech.

This is a statement to which Rule 2.8 of the Code applies.

Under Note 2 on Rule 2.8 of the Code, DBAY reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:

a. in the event that the offer by Amalfi Bidco Limited is withdrawn or lapses, with the agreement of the board of CareTech;

b. if a third party announces a firm intention to make an offer for CareTech;

c. if CareTech announces a Rule 9 waiver (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and

d. if there has been a material change of circumstances (as determined by the Takeover Panel).