National Storage Mechanism | Additional information

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR")

Watchstone Group plc

("Watchstone" or the "Company")

Settlement with KPMG LLP

Further to its announcement on 30 November 2021, Watchstone Group plc (LON:WTG) announces that it has agreed terms for the settlement of its claim against KPMG LLP (Claim number CL-2021-000673) ("KPMG") (the "Settlement").

Under the Settlement, which is made without admission of liability by KPMG, KPMG will pay Watchstone a sum of £4.95m in full and final settlement of the claim.

For further information:

Watchstone Group plc

[email protected]

Tel: 03333 448048

WH Ireland Limited, Financial Adviser and Broker

Chris Hardie

Tel: 020 7220 1666

The release of this announcement has been authorised by Stefan Borson, Group Chief Executive Officer and Company Secretary of the Company.

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