Earnings release
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RNS Number : 4492OJTC PLC30 July 2026 30 July 2026 JTC PLC (the "Company" and together with its subsidiaries "JTC" or the "Group") Pre-close Interim Trading Update Trading in line with Management expectations as JTC transitions into the Genesis era JTC, the global professional services business, issues the following trading update in advance of its interim results for theperiod ended 30 June 2025. On 10 November 2025, JTC announced that it had reached agreement on the terms of a recommended cash acquisition by Papilio Bidco Limited ("Bidco") of the entire issued and to be issued ordinary share capital of JTC at a price of £13.40 pershare, giving an enterprise value of c. £2.7bn. Following shareholder approval at the Court Meeting and General Meeting heldon 15 January 2026, good progress is being made on the remaining regulatory approvals. Based on current expectations, the transaction is expected to complete during the third quarter of 2026, subject to satisfaction of the remaining conditions. In the first half of 2026, the Group has traded in line with Management's expectations. As JTC transitions into the Genesis erabusiness plan from the Cosmos era, the Company remains well positioned to capitalise on the growing demand from privateand institutional clients and in particular, capital flows from these groups to alternative assets. The integration of the Group's two most recent acquisitions, Citi's global fiduciary and trust administration business, formerly known as Citi Trust, and Kleinwort Hambros Trust Company (KHT) is now complete, adding great value to the business andcementing JTC's position as the world's leading independent trust company. Nigel Le Quesne, CEO of JTC PLC, said: "We are pleased with the Group's performance in the first half of 2026 and the continued progress towards completion of thePermira acquisition, which has enabled us to move into the Genesis era. "The integration of the Citi Trust and KHT acquisitions has been achieved as planned and further strengthened our global platform. We remain well positioned to continue growing both organically and through further disciplined acquisitions. "I would particularly like to express my thanks to our outstanding employee-owners, who continue to focus on what we do best - delivering service excellence for all our clients. I am excited to lead the business into the next chapter of its growthjourney." For further information, contact: JTC PLC +44 (0) 1534 700 000 Nigel Le Quesne, Chief Executive Officer Martin Fotheringham, Chief Financial Officer David Vieira, Chief Communications Officer (ir@jtcgroup.com) About JTC JTC is a leading global professional services business with deep expertise in fund, corporate, private client and employersolutions services. Every JTC person is an owner of the business, and this fundamental part of our culture aligns us with the best interests of all of our stakeholders. Our purpose is to maximise potential, and our success is built on service excellence,long-term relationships and technology capabilities that drive efficiency and add value. www.jtcgroup.com This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information
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