TR-1: Notification of Major Holdings

About this update from Mercia Asset Management Plc

TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00BSL71W47 Issuer Name MERCIA ASSET MANAGEMENT PLC UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name Harwood Capital LLP City of registered office (if applicable)   Country of registered office (if applicable)   Name City of registered office Country of registered office Harwood Capital LLP London United kingdom 4. Details of the shareholder Name City of registered office Country of registered office Rockwood Strategic Plc London United Kingdom Harwood Capital LLP London United Kingdom 5. Date on which the threshold was crossed or reached 03-Dec-2025 6. Date on which Issuer notified 04-Dec-2025 7. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8.A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer Resulting situation on the date on which threshold was crossed or reached 5.016950 0.000000 5.016950 21550000 Position of previous notification (if applicable) 4.065000 0.000000 4.065000 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached 8A. Voting rights attached to shares Class/Type of shares ISIN code(if possible) Number of direct voting rights (DTR5.1) Number of indirect voting rights (DTR5.2.1) % of direct voting rights (DTR5.1) % of indirect voting rights (DTR5.2.1) GB00BSL71W47 21000000 4.888910 GB00BSL71W47 550000 0.128040 Sub Total 8.A 21550000 5.016950% 8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) Type of financial instrument Expiration date Exercise/conversion period Number of voting rights that may be acquired if the instrument is exercised/converted % of voting rights   Sub Total 8.B1 8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b)) Type of financial instrument Expiration date Exercise/conversion period Physical or cash settlement Number of voting rights % of voting rights   Sub Total 8.B2 9. Information in relation to the person subject to the notification obligation 2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary) Ultimate controlling person Name of controlled undertaking % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold Christopher Harwood Bernard Mills Rockwood Strategic Plc 4.888910 4.888910% Christopher Harwood Bernard Mills Harwood Capital LLP 0.128040 0.128040% 10. In case of proxy voting Name of the proxy holder   The number and % of voting rights held   The date until which the voting rights will be held   11. Additional Information   12. Date of Completion 4/12/2025 13. Place Of Completion London Stock Exchange

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