The Board of Directors of The International Stock Exchange Group Limited (the “Company”) today issues an unaudited update on the Company’s recent trading ahead of the release of the 2022 Interim Financial Report during quarter three 2022.

Headlines

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TISE listing volumes impaired by macro-economic conditions after record year in 2021

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Strong prior year and Q1 2022, followed by subdued listing volumes in Q2 2022

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QAHC regime introduced in April 2022; no significant impact to date on QEE related listings

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H1 2022 EPS now expected to be short of H1 2021

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Short term outlook for bond markets remains tempered; strategy in place to capitalise when favourable market conditions return

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Positive progress towards launching a Private Market offering later this year

Anderson Whamond, Interim Chair of the Company, said: “Following a record 2021 and a strong start to this year, ultimately the number of new listings during the first half of 2022 was short of what was achieved in the equivalent period last year. Like our competitors, listing volumes have been impaired by macro-economic conditions which are expected to remain unfavourable in the short term. However, we are confident that our refined core bond market proposition mitigates against the worst effects of the downturn and will enable us to capitalise on the opportunities which emerge from the return of more buoyant markets. In addition, the recent increase in international memberships and the prospective launch of a private market offering represent exciting elements of our strategy to sustain future growth by diversifying our business and revenue base.”

Anderson Whamond Photo

Anderson Whamond

Interim Chair, TISEG