New Metro Bank facilities

About this update from Mercia Asset Management Plc

RNS 23 July 2026   Mercia Asset Management PLC   ("Mercia", the "Company" or the "Group")   New Metro Bank facilities Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused private capital asset manager with over £2.2billion of assets under management, announces that it has entered into a three-year facilities agreement with Metro Bank PLC, the UK-based retail and commercial bank, for up to £38.0million.   The agreement comprises a term loan facility of £13.0million and a £25.0million revolving loan facility. Each facility bears interest by reference to Sterling Overnight Index Average ("SONIA") plus the applicable margin. The term loan facility has a margin of 3.99% per annum. The revolving loan facility has an opening margin of 3.50% per annum, subject to a net leverage ratchet reducing to 3.00% per annum depending on leverage. The facilities agreement includes customary representations, undertakings, financial covenants, security and events of default. The Company intends to utilise the facilities to support the Group's on-going growth initiatives, as part of its Mercia '27 strategic plan. Dr Mark Payton, Chief Executive Officer of Mercia Asset Management PLC, said : "These new bank facilities provide further flexibility to support the Group's on-going growth initiatives. We are very pleased to begin our new banking relationship with Metro Bank, who have been both proactive and constructive throughout our engagement with them in agreeing these facilities."   This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 and as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.   - Ends -   For further information, please contact:   Mercia Asset Management PLC   Mark Payton, Chief Executive Officer Martin Glanfield, Chief Financial Officer www.mercia.co.uk +44 (0)330 223 1430 Canaccord Genuity Limited (NOMAD and Joint Broker)   Simon Bridges, Emma Gabriel, Harry Rees +44 (0)20 7523 8000     Singer Capital Markets (Joint Broker)   Charles Leigh-Pemberton +44 (0)20 7496 3000 Cardew Group (PR Adviser)   Tania Wild, Luke Bramwell [email protected] +44 (0)20 7930 0777   About Mercia Asset Management PLC Mercia is a private capital asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of venture, development capital, property finance and proprietary capital: the Group's 'Complete Connected Capital'.   The Group has a strong UK footprint through its 11 regional offices, extensive local adviser and personal networks, and university partnerships, providing it with access to high-quality deal flow.   Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".  

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