In the High Court of Justice

Business and Property Courts of England and Wales Court Number: CR-2019-005229

SVS SECURITIES PLC

Trading Name: SVS; SVS Capital Markets; SVS FX; SVS ISA; SVS Markets; SVS Online; SVS Securities; SVS Sharewatch; SVS Sipp; SVS Trading; SVS XO

Registered office: Riverside House, Irwell Street, Manchester M3 5EN

Principal trading address: 4th Floor, Princes Court, 7 Princes Street, London, EC2R 8AQ

Andrew Poxon and Julien Irving of Leonard Curtis Recovery Limited, Riverside House, Irwell Street, Manchester M3 5EN and Alex David Cadwallader of Leonard Curtis Limited, 5th Floor Grove House, 248a Marylebone Road, London NW1 6BB were appointed as joint special administrators of SVS Securities plc (in special administration) (“SVS”), with company number 04402606, on 5 August 2019 pursuant to an application made by the directors of SVS under regulation 5(1)(b) of The Investment Bank Special Administration Regulations 2011 (the “Regulations”). Andrew Duncan of Leonard Curtis Limited, 5th Floor Grove House, 248a Marylebone Road, London NW1 6BB replaced Julien Irving as one of the joint special administrators of SVS (the “Administrators") on 12 May 2020.

On 20 December 2022, the Administrators posted a notice to the dedicated website (www.leonardcurtis.co.uk/svs), stating that they intended to apply to the Court for an order bringing the special administration of SVS to an end and discharging any liability of the Administrators in respect of any of their actions as the joint special administrators of SVS.

Notice is hereby given that the Administrators have applied to the High Court of Justice for the following relief by application notice dated 18 January 2023: 1. The appointment of the Administrators in their capacity as the joint special administrators of SVS shall, pursuant to paragraph 79(1) of Schedule B1 to the Insolvency Act 1986 (the "Act”) as applied and modified by Regulation 15 of the Regulations, cease to have effect upon the registration by the Registrar of Companies of SVS' final progress report; 2. The Administrators shall have permission to move SVS from special administration to dissolution, pursuant to paragraph 84(1) of Schedule B1 to the Act  as modified by Regulation 15 of the Regulations; 3. The court order providing for the appointment of the Administrators to SVS shall be discharged, pursuant to paragraph 85(2) of Schedule B1 to the Act  as modified by Regulation 15 of the Regulations; and 4. The Administrators be discharged from liability, pursuant to paragraph 98(2)(c) of Schedule B1 to the Act  as modified by Regulation 15 of the Regulations, with effect from 28 days after the date on which the Administrators' appointment ceases to have effect, save in relation to claims made before that date.

A copy of the application (including a hard copy) may be requested from the Administrators using the contact details below.

Further information about the Court hearing will be provided once confirmed by the Court. Clients and creditors are not required to attend the Court hearing but may do so if they wish. If any clients or creditors wish to obtain further details regarding the hearing with a view to attending the hearing or otherwise, they should contact the Administrators using the contact details below.

Any clients who have not yet engaged with the Administrators in respect of the return of their client assets and/or client money should contact the Administrators as soon as possible.

Any general queries in relation to this notice should be directed to +44 (0)161 831 9999 or svs@leonardcurtis.co.uk or in writing to SVS Securities plc (in special administration), Leonard Curtis, Riverside House, Irwell Street, Manchester M3 5EN.  We encourage any person unsure about the scope and effect of this notice to seek independent professional advice from a legal or financial advisor.

The Administrators act as agents of SVS without personal liability.

Date of Appointment: 5 August 2019

Office Holder Details: Andrew Poxon (IP No. 8620) of Leonard Curtis, Riverside House, Irwell Street, Manchester, M3 5EN and Alex Cadwallader (IP No. 9501) and Andrew Duncan (IP No. 9319) both of Leonard Curtis, 5th Floor, Grove House, 248a Marylebone Road, London, NW1 6BB

Further details contact: Carl Lever / Samantha O’Hara, Email: svs@leonardcurtis.co.uk, Tel: 0161 831 9999.

Andrew Poxon, Joint Special Administrator

24 January 2023

Ag YH101912