Statement regarding Sanne Group Plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

3 September 2021

Statement Regarding Sanne Group Plc ("Sanne")

Further to the announcements made in relation to a possible offer for Sanne by Cinven Limited, adviser to the managing general partners of the Cinven funds ("Cinven"), Cinven confirms that it does not intend to make an offer for under Rule 2.7 of the Code.

For the purpose of Rule 2.8 of the Code, Cinven, and any person(s) acting in concert with it, reserve the right to make or participate in an offer for Sanne (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within six months of the date of this announcement:

a) with the agreement of the board of Sanne (following the withdrawal or lapse of the offer for Sanne by Apex Acquisition Company Limited);

b) following the announcement of a firm intention to make an offer for Sanne by or on behalf of a new third party;

c) following the announcement by Sanne of a "whitewash" (as referred to in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or for a reverse takeover (as defined in the Code); or

d) where the Panel on Takeovers and Mergers has determined that there has been a material change of circumstances.

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