The Mission Group plc (AIM:TMG) noted the recent press speculation and the announcement released on 12 May 2024 by Brave Bison Group plc (AIM:BBSN) in accordance with Rule 2.4 of the City Code on Takeovers and Mergers (the "Code") and confirms that on 29 April 2024, it received an unsolicited conditional proposal regarding a possible offer by Brave Bison for the entire issued and to be issued share capital of MISSION. Such offer comprised an all-share offer at an exchange ratio of 11.5 Brave Bison shares for each ordinary share in MISSION (the "Possible Offer"). Based on the terms of the Possible Offer and the closing market prices of MISSION and Brave Bison shares on 29 April 2024, being the last trading day prior to receipt of the Possible Offer, the Possible Offer valued each MISSION share at approximately 29 pence.

The Board of MISSION is open to proposals that it believes would enhance shareholder value and deliver benefits to MISSION's shareholders. The Board of MISSION does not consider the terms of the Possible Offer to meet those criteria.