The Board of Directors of The International Stock Exchange Group Limited (the “Company”) today issues an update on the Company’s recent trading and the outlook for the full year ending 31 December 2024.

Financial and Operational Highlights:

• Strong trading in the ten months ended 31 October 2024, with new listings up 20.0% year on year
• 757 securities admitted in the period (2023: 631) contributing to overall market growth of 6.6% year on year
• Interim dividend of 75p per share (2023: 47p)  paid on 14 October 2024

FY 2024 Outlook:

• Revenue ahead of record FY 2023; basic EPS expected to be c.10% ahead of FY 2023
• Healthy pipeline of bond listings supported by improved market conditions
• Further investment in technology and private markets

Performance and Listing Volumes

The Group has continued to perform well during the third quarter and beginning of the fourth quarter, with listing activity notably higher than the equivalent period last year. There were 313 securities admitted to the Official List of The International Stock Exchange (TISE) between the start of July and the end of October this year, an increase of 22.3% year on year. For the ten months to 31 October 2024, a total of 757 securities have been admitted to TISE’s Official List. This took the total number of listed securities on TISE’s Official List to 4,421 at 31 October 2024, representing growth of 6.6% year on year.

FY 2024 Outlook

With an improvement in the macro-economic conditions and growth in transactional activity, the Board expects revenue for 2024 to be ahead of the prior year. Basic EPS is expected to be c.10% ahead of the 2023 financial year. The Group continues to invest part of its revenue growth in modernising the Exchange’s technology platform and enhancing its private markets offering.

Anderson Whamond, Chair of the Company, said: “The Group is continuing to perform well with increased listing volumes reflecting the Group’s strengths as a leading European bond market as well as the improved macro-economic conditions. I am extremely pleased to report that revenue for the year is expected to be ahead of the prior year, with earnings per share around 10% ahead of 2023. This demonstrates the success of our strategy to deliver enhanced value for our shareholders and we continue to invest in our proposition across public and private markets to position the Group for long-term growth.”