Withdrawal from proposed acquisition

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA (THE "UNITED STATES" OR THE "US"), AUSTRALIA, CANADA, NEW ZEALAND, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

FOR IMMEDIATE RELEASE

 11 March 2025

Rosebank Industries plc

("Rosebank" or the "Company")

Withdrawal from proposed acquisition

and

Lifting of suspension in trading on AIM

Rosebank announced on 19 February 2025 that it was in discussions with affiliates of Cerberus Capital Management, L.P. ("Cerberus") regarding a potential transaction to acquire Electrical Components International, Inc. Rosebank today confirms that despite receiving overwhelming support from both existing shareholders and new investors, in light of the recent market volatility, the Company has decided it is not in its shareholders' best interests to proceed with the acquisition at the present time.

Following the publication of this announcement, the Company has requested the lifting of the share suspension by AIM. This is expected to take place tomorrow, at 7.30 a.m. on 12 March 2025.

Simon Peckham, Chief Executive, said: "We believe that ECI is a very good company with a high-quality management team and that it would have been a highly successful first investment for Rosebank. Despite a successful equity fundraising process, it disappointingly became clear that the current volatility in the political and equity markets meant it was not, at this moment, in our investors' best interests to proceed. We would like to thank investors for their continuing strong support."

Enquiries:

About Rosebank

Rosebank is a company established to acquire businesses whose performance the Founders, who have a strong track record in creating value for investors, believe can be improved so as to create shareholder returns over the short and medium term. The Rosebank team will look to acquire companies with strong underlying fundamentals but scope for operational improvement and work alongside management teams of target companies to drive sustainable long-term performance for the benefit of all the Company's stakeholders.