Legal Proceedings

5 May 2026

 Vulcan Two Group plc

(the "Company" or "Vulcan Two")

Legal Proceedings

Further to the disclosure in the Company's Admission Documents dated 29 August 2025 and 27 February 2026 (the "Admission Documents"), the Company has been notified that Chrystal Capital Partners LLP ("CC"), a corporate finance and investment house that previously provided services to the Company's wholly owned subsidiary, Vulcan Two Limited ("Vulcan Limited"), has issued legal proceedings against the Company claiming that certain fees related to CC's engagement letter with Vulcan Limited are payable (the "Claim"). The Claim is in the amount of approximately £600,000.

As noted in the Admission Documents, the Company has obtained legal advice in relation to its obligations to CC. The Company considers the substance of the Claim to be baseless and without merit, and will seek to have it dismissed at the earliest possible opportunity. It is not expected that the defence of the Claim will involve a material commitment of time by the Directors, nor create a distraction from the execution of the Company's strategy.

The Company will provide further updates as appropriate.

For further information please contact: