BGC Completes Sale of Insurance Brokerage Business to The Ardonagh Group 11/1/2021 NEW YORK, Nov. 1, 2021 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC Partners" or "BGC" or the "Company"), a leading global brokerage and �nancial technology company, announced today that it has completed the sale of its Insurance Brokerage business to The Ardonagh Group Limited ("Ardonagh"). The transaction was �rst announced in a press release on May 26, 2021. MANAGEMENT COMMENTS: Howard W. Lutnick, Chairman and Chief Executive O�cer of BGC, said: "We are pleased to have completed the sale of our Insurance Brokerage business1 to Ardonagh which delivers enormous value for our shareholders. The approximately $535 million in gross proceeds provides us with signi�cant resources to continue repurchasing our shares and/or units and to accelerate Fenics growth." TRANSACTION DETAILS and �nancial impact: Under the terms of the purchase agreement, Ardonagh acquired the equity of the entities that compromised BGC's Insurance Brokerage business for approximately $535 million in gross proceeds, subject to limited post-closing adjustments. The one-time gain associated with the transaction will be re�ected in BGC's consolidated results under U.S. Generally Accepted Accounting Principles (GAAP) but will be excluded from the Company's results for Adjusted Earnings. ADVISORS: Cantor Fitzgerald & Co. and Bank of America served as �nancial advisors, and Bryan Cave Leighton Paisner LLP acted as counsel to BGC. About BGC Partners, Inc. BGC Partners, Inc. ("BGC") is a leading global brokerage and �nancial technology company. BGC, through its various a�liates, specializes in the brokerage of a broad range of products, including Fixed Income (Rates and Credit), 1

Foreign Exchange, Equities, Energy and Commodities, Shipping, and Futures. BGC, through its various a�liates, also provides a wide variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-o�ce services to a broad range of �nancial and non-�nancial institutions. Through its brands, including Fenics®, Fenics Market Data™, Fenics GO™, BGC®, BGC Trader™, Capitalab®, and Lucera®, BGC o�ers �nancial technology solutions, market data, and analytics related to numerous �nancial instruments and markets. BGC, BGC Trader, GFI, Fenics, Fenics Market Data, Capitalab, and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC and/or its a�liates. BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading �rms, hedge funds, governments, corporations, and investment �rms. BGC's Class A common stock trades on the Nasdaq Global Select Market under the ticker symbol "BGCP". BGC is led by Chairman of the Board and Chief Executive O�cer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com. You can also follow BGC at https://twitter.com/bgcpartners, https://www.linkedin.com/company/bgc-partners and/or http://ir.bgcpartners.com/Investors/default.aspx. Discussion of Forward-Looking Statements about BGC Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to di�er from those contained in the forward- looking statements. These include statements about the e�ects of the COVID-19 pandemic on the Company's business, results, �nancial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may di�er, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to di�er from those contained in the forward- looking statements, see BGC's Securities and Exchange Commission �lings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these �lings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10- Q or Form 8-K. Media Contact : Karen Laureano-Rikardsen +1 212-829-4975 Investor Contact: Jason Chryssicas +1 212-610-2426 1 Includes Ed Broking Group Limited and Besso Insurance Group Limited, each wholly owned subsidiaries of BGC.   2

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