RM plc: Completion of the sale of the RM Integris and RM Finance Business

31 May 2023

RM plc

Completion of the sale of the RM Integris and RM Finance Business

RM plc (LSE: RM) ("RM" or the "Company") is pleased to announce that, further to the Company's announcement on 19 April 2023 that Shareholders had approved the Sale of RM Integris and RM Finance Business, the Sale completed earlier today.

In accordance with the terms of the Sale Agreement, the payment of the Additional Consideration and Deferred Consideration remain subject to the satisfaction (or waiver, where capable of waiver) of certain conditions (including, in relation to the Additional Consideration, CMA clearance).

A further announcement will be made in due course.

For more information, please contact:

Howard Rubenstein

Company Secretary

RM plc

Hrubenstein@rm.com

Important notice

This announcement is for information purposes only and does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in any jurisdiction and should not be relied upon in connection with any decision to subscribe for or acquire ordinary shares in the capital of the Company.  In particular, this announcement does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States.

This announcement has been issued by, and is the sole responsibility of, the Company. No person has been authorised to give any information or to make any representations other than those contained in this announcement and, if given or made, such information or representations must not be relied on as having been authorised by the Company.

This announcement may include statements that are, or may be deemed to be, "forward-looking statements".  These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will", "would" or "should" or, in each case, their negative or other variations or comparable terminology.  These forward-looking statements include matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the directors of the current Company's intentions, beliefs or expectations concerning, among other things, the Company's results of operations, financial condition, liquidity, prospects, growth, strategies and the Company's markets.  By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual results and developments could differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement are based on certain factors and assumptions, including the directors of the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's operations, results of operations, growth strategy and liquidity. Whilst the directors of the Company consider these assumptions to be reasonable based upon information currently available, they may prove to be incorrect. Save as required by applicable law or the Listing Rules of the Financial Conduct Authority or the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company undertakes no obligation to release publicly the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in the directors of the Company's expectations or to reflect events or circumstances after the date of this announcement.

Neither the content of the Company's website nor any website accessible by hyperlinks to the Company's website is incorporated in, or forms part of, this announcement.

All references to time in this announcement are to London time unless otherwise stated.

Capitalised terms used in the  Company's circular to shareholders dated 31 March 2023 shall have the same meanings in this announcement.

Enquiries:

Notes to Editors:

RM plc is a leading supplier to the international education sector.  Established in 1973, RM provides market-leading products and services to educational institutions, exam bodies and international governments which improve, simplify and support education and learning. The education sector is transforming and assimilating digital solutions, and RM is well positioned to capitalise on this through its three divisions:

• RM Resources, an established provider of education resources for early years, primary schools, and secondary schools across the UK and to eighty countries internationally.
• RM Assessment, a leading provider of assessment software, supporting exam awarding bodies, universities, and governments worldwide to digitise their assessment delivery.
• RM Technology, a market-leading supplier of ICT software, technology and services to UK schools and colleges.