Statement regarding Trakm8 Holdings plc

1 May 2025

Microlise Group plc

("Microlise", "the Group" or "the Company")

Statement regarding Trakm8 Holdings plc

Microlise Group plc (AIM: SAAS), a leading provider of transport management software to fleet operators, notes the announcement of a recommended cash offer for Trakm8 Holdings plc ("Trakm8")  at a price of 9.5 pence per Trakm8 share, released on 1 May 2025. The Company confirms that it has irrevocably undertaken to vote in favour of the Scheme at the Court Meeting and the Special Resolution to be proposed at the General Meeting in respect of the Company's own beneficial holdings amounting to, in aggregate, 10,000,000 Trakm8 Shares, representing approximately 20.01 per cent. of the existing issued ordinary share capital of Trakm8.

In addition, Microlise has a £1,000,000 interest bearing loan (FY24: 18%) outstanding to Trakm8 repayable on 14 September 2025 or convertible, at the Company's option, into Trakm8 shares at a price of 8.1 pence per share.

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About Microlise

Microlise Group Plc is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions. These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience.

Established in 1982, Microlise is an award-winning business with over 400 enterprise clients. With 463 employees based at the Group's headquarters in Nottingham in the UK, the Company also has offices in France, Australia, and India, with a total global staff base of over 670. 

Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualifies for the London Stock Exchange's Green Economy Mark.