Banking covenant adjustment

23 June 2023

Carclo plc

("Carclo" or the "Group")

Banking Covenant Adjustment

Carclo is pleased to announce that, following constructive discussions, it has reached agreement with its lending bank to amend the interest cover and net leverage covenants for the testing periods from June 2023 through to the maturity of the current facility in June 2025. This agreement remains subject to legal formalities which are expected to be concluded over the coming weeks.

Enquiries:

Carclo plc                             01924 268040

Frank Doorenbosch - Chief Executive Officer

David Bedford - Chief Financial Officer

LEI: 21380078MEM399JPI956

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

About Carclo plc

Carclo plc is a public company whose shares are quoted on the Main Market of the London Stock Exchange. The Group  is a preferred and trusted partner of global customers, offering high-precision critical components that meet the needs of life sciences, aerospace, optics, and technology industries.