H.I.G. Europe Realty Partners entered into a non binding and conditional proposal to acquire DX (Group) plc (AIM:DX.) from Gatemore Capital Management LLP, and Lloyd Dunn for £280 million on September 11, 2023. The Proposal is subject to the satisfaction or waiver by H.I.G. of a number of pre-conditions, including the completion of satisfactory due diligence. This statement is being made by DX without the prior agreement or approval of H.I.G. The transaction is subject to the agreement of all other terms and conditions of an offer. As such, the Board has agreed to provide H.I.G. with access to confirmatory due diligence. As of September 12, 2023. H.I.G. has received letters of intent (the "Letters of Intent") in support of the Possible Offer from Gatemore Capital Management LLP and Lloyd Dunn. The Letters of Intent state that it is the intention of both Gatemore and Lloyd Dunn to provide hard irrevocable undertakings in support of any cash offer of at least 45 pence per DX Share made by H.I.G, subject to a unanimous unqualified recommendation of the DX board on or before October 31, 2023. H.I.G. is now required, by not later on November 6, 2023, either to announce a firm intention to make an offer for DX (Group) plc. As on November 6, 2023, H.I.G. has received new letters of intent from Gatemore Capital Management LLP and Lloyd Dunn. The New Letters of Intent state that it is the intention of both Gatemore and Lloyd Dunn to provide hard irrevocable undertakings in support of any cash offer of at least 48.5 pence per DX Share made by H.I.G, subject to a unanimous unqualified recommendation of the DX board on or before November 21, 2023. As of November 16, 2023, H.I.G. Europe Realty Partners entered into an agreement to acquire DX (Group) plc (AIM:DX.) from Gatemore Capital Management LLP, Canaccord Genuity Asset Management Limited, Lombard Odier Asset Management (Europe) Ltd., and Lloyd Dunn for £315 million. Transaction is still subject to DX shareholders, court approval, regulatory and Competition and Consumer Protection Commission approvals. H.I.G. Europe Realty Partners intends to finance the Cash Consideration payable to DX Shareholders from a combination of indirect capital contributions to H.I.G. Europe Realty Partners and debt to be provided by Nomura International PLC, PGIM Senior Loan Opportunities (Levered) II, L.P. and PGIM Senior Loan Opportunities (Unlevered) II, L.P as Interim Lenders pursuant to the Interim Facilities Agreement. The long stop date of the transaction is May 31, 2024. As of December 7, 2023, H.I.G. Europe Realty Partners received merger control clearance in Ireland. As a result, with effect from completion of the sale of the Sold Shares: the letter of intent given to Bidco by Lombard Odier, has ceased to apply in respect of the Sold Shares; and · the letter of intent given to Bidco by Lombard Odier is now given in respect of its remaining holding of 49,602,908 DX Shares, representing approximately 8.2% of the issued share capital of DX as at the close of business on 6 December 2023. As on January 9, 2024, the requisite majority of Scheme Shareholders voted in favor of the resolution to approve the Scheme at the Court Meeting and the requisite majority of DX Shareholders voted to pass the Resolution at the General Meeting to approve the implementation of the Scheme and accordingly, the Scheme was approved. As of January 25, 2024, High Court in England and Wales has issued the Court Order sanctioning the Scheme. Transaction is expected to be effective on January 29, 2024.

Mark Aedy, Yorick van Slingelandt and Chris Raff of Moelis & Company UK LLP and Nicholas How of Liberum Capital Limited acted as Financial advisors to DX (Group) plc. Stuart Skinner, Alec Pratt, William Wickham and Alexander Kladov of Numis Securities Limited acted as financial advisor to H.I.G. Europe Realty Partners. Richard Youle, Steven Hannah, Craig Kelly, Pete Coulton, Helena J. Derbyshire, Louise Batty, Eve-Christie Vermynck, David Edwards, Andrew M. Good, Vanessa K. McGoldrick, Greg Norman, Alex Jupp of Skadden, Arps, Slate, Meagher & Flom (UK) LLP is acting as legal adviser to H.I.G. Europe Realty Partners. Simon Wood, Lucy Robson, Rona Bar-Isaac, Jonathan Fletcher Rogers, Leah Fisher of Addleshaw Goddard LLP is acting as legal adviser to DX.

H.I.G. Europe Realty Partners completed the acquisition of DX (Group) plc (AIM:DX.) from Gatemore Capital Management LLP, and Lloyd Dunn on January 29, 2024. As part of closing, Mark Hammond, Jonathan Kempster, Michael Russell and Alison O'Connor have tendered their resignations and have stepped down from the DX Board.