24 June 2025

JTC PLC

(the "Company" and together with its subsidiaries "JTC" or the "Group")

Successful issue of US Private Placement ("USPP")

JTC strengthens capital structure with $75m USPP

JTC, the global professional services provider, is pleased to announce the successful completion of a $75m issue of new USPP notes (the "Notes). The Notes have a 5-year tenor and are priced at 6.25%.

This represents JTC's debut issue in the USPP market. Proceeds from the USPP will be used in part to finance the Citi Trust acquisition, retaining capacity in JTC's existing bank debt facilities to continue its strategic growth plans.

The issuance delivers on JTC's strategic objective to diversify the sources of its debt financing, whilst also extending maturity on attractive terms. Covenants are aligned to those of the Group's existing bank debt facilities.

Nigel Le Quesne, CEO of JTC, said:

"We are pleased to have successfully completed our first US Private Placement. The refinancing strengthens our balance sheet, extends our debt maturity profile, and diversifies our capital structure. It also gives the Group access to a new debt investor base in the future to support our growth ambitions."

Disclaimer

This announcement does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale in the United States or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.

The Notes will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold within the United States, or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.

This Announcement contains inside information within the meaning of Article 7(1) of the assimilated Regulation No. 596/2016 as it forms part of the law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented. The person responsible for releasing this Announcement on behalf of the Company is Miranda Lansdowne, Joint Company Secretary, JTC (Jersey) Limited.

Enquiries

For further information please contact:

About JTC

JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client 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 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.

http://www.jtcgroup.com/