The CEO of The Property Franchise Group (TPFG), Gareth Samples, CEO of Belvoir, Dorian Gonsalves, will provide a presentation relating to proposed merger of the two companies this week.

The planned merger of TPFG and Belvoir, announced last week, would see the combined group will have a market cap of approximately £214.4m and benefit from increased scale with more than 930 property franchise locations, managing approximately 152,000 tenanted properties across the UK and will be expected to sell more than 28,000 properties per annum.

At this presentation, to be held tomorrow at 4.30pm, the benefits of the merger envisaged by both CEOs will be summarised, including the reasons why the merger should be attractive to TPFG and Belvoir shareholders alike.

The Presentation will be open to, amongst others, all shareholders of TPFG and/or Belvoir. To access the Presentation, investors can sign up to Investor Meet Company for free using the following link:

https://www.investormeetcompany.com/belvoir-group-plc/register

Those who already follow TPFG or Belvoir on the Investor Meet Company platform will automatically be notified and invited.

If TPFG and Belvoir Shareholders wish to raise questions in advance of the presentation, they can do so via their Investor Meet Company “dashboard” accessible through the links above.

All questions must be submitted prior to the presentation and must be received by no later than 9am today.

A recorded version of the Presentation and associated materials, will also subsequently be available (subject to certain restrictions relating to persons in Restricted Jurisdictions) via the respective websites of TPFG and Belvoir, until the end of the Offer Period, at www.propertyfranchise.co.uk and www.belvoirgroup.com/offer-for-Belvoir/.

A reminder of the key points announced by TPFG and Belvoir last week:

+ The boards of The TPFG and Belvoir reached agreement on the terms and conditions of a recommended all-share merger of Belvoir and TPFG to create a leading property franchise business.

+ The Combined Group would have a market cap of c £214.4m, if the merger has been completed as at the Latest Practicable Date.

+ Under the terms of the Merger, each Scheme Shareholder will be entitled to receive: for each Belvoir Share : 0.806377 New TPFG Shares

+ Upon completion of the merger, Belvoir shareholders will hold approximately 48.25% and TPFG shareholders will hold approximately 51.75% of the enlarged issued share capital of TPFG.

+ The combined group will benefit from increased scale with more than 930 property franchise locations, managing approximately 152,000 tenanted properties across the UK and will be expected to sell more than 28,000 properties per annum.

+ In 2022 TPFG and Belvoir together generated in excess of £60m in combined revenue (of which, 41% was recurring), mgmt. service fees of £27m and adj. EBITDA of £22.5m.

+ Both companies are aligned in their strategy. The TPFG Board sees Belvoir as a complementary business, having performed at a similar financial level to TPFG over the last decade with consistent growth, good earnings quality and strong conversion of EBITDA into cash.

+ The combined group board will comprise contribution to the enlarged Board from both companies: with three executive directors: Gareth Samples (TPFG CEO), David Raggett (TPFG chief Financial officer) and Michelle Brook (Belvoir executive director), with Paul Latham (TPFG) as the Combined Group’s Chair and non-executive directors Dean Fielding, Claire Noyce, Jon Di-Stefano and Paul George.