Update on Financial Position and Suspension

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION WILL BE CONSIDERED TO BE IN THE PUBLIC DOMAIN.

For release at 0700hrs

17 July 2025

Argentex Group plc

("Argentex" or the "Company")

Update on Financial Position and Suspension

The Board of Argentex Group plc announces that, as disclosed in the announcement of 26 June, its main trading subsidiary, Argentex LLP, had agreed with the Financial Conduct Authority ("FCA") to enter a Voluntary Requirement ("VREQ"). The VREQ allowed Argentex LLP to continue servicing clients under defined parameters and required it to satisfy a new Individual Liquidity Guidance ("ILG") level by 15 July 2025. The Company expected that the ILG would be satisfied via the provision of an additional secured Revolving Credit Facility.

The Company has not been able to secure that additional funding, nor does the Company have any other source of alternative funding or liquidity available to it, in the near future. Consequently, Argentex LLP is not able to operate within the regulatory obligations of the VREQ and will now cease any further commercial and trading activity until the terms of the VREQ are met.

In light of the above, trading in the Company's Ordinary Shares will be suspended pending a further announcement.

Further announcements will be made in due course.

For further information, please contact:

Argentex Group PLC

Tim Rudman - Interim Chief Executive Officer

[email protected]

Singer Capital Markets (Financial Adviser, Nominated Adviser and Broker)

Tom Salvesen / James Maxwell / James Todd

020 7496 3000