PUBLICATION OF CIRCULAR, RULE 9 WAIVER AND NOTICE OF GENERAL MEETING

LDG plc

(“LDG” or the "Company")

Publication of Circular, Rule 9 Waiver and Notice of General Meeting

LDG is pleased to announce that today it will be publishing a circular (the "Circular") containing details of a proposed on-market purchase of the Company's ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") and the related proposed approval of a waiver under Rule 9 of the City Code on Takeovers and Mergers (together the "Proposals"), and a notice of a general meeting of the Company (the "General Meeting"). The General Meeting will be held at 10.00 a.m. on 4 September 2024 at the offices of DBAY UK Ltd at 5th Floor, 1 Albemarle Street, London W1S 4HA.

On 9 May 2024, the Company’s share buyback programme, which had commenced on 4 April 2023, concluded. Under that programme, the Company acquired (and subsequently cancelled) 37,414,326 Ordinary Shares in its own capital at an average price of 13.645 pence per share (the "Prior Buyback"). However, following completion of the Prior Buyback, trading in the Company’s Ordinary Shares has returned to a level which represents a significant discount to the Company’s unaudited and estimated net asset value (“NAV”) of 18.89p per Ordinary Share as at 31 May 2024. The Company is, therefore, seeking shareholder approval to acquire up to a further 15 per cent. of the voting share capital (the “Share Buyback”) to reduce the observed discount to NAV per Ordinary Share and provide an exit opportunity for shareholders.

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