Company Announcements

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Alpha Growth plc

("Alpha" or the "Company")

Acquisition of Jeometri Insurance Managers (Guernsey) Limited

Complementary Financial Services Company Acquisition

Alpha Growth plc (LSE: ALGW and OTCQB: ALPGF), a leading financial services specialist in life insurance-linked wealth and asset management, is pleased to announce that it has signed a binding share purchase agreement to acquire, subject to regulatory approval, 93.36% of the outstanding shares of Jeometri Insurance Managers (Guernsey) Limited ("Jeometri"), with the balance of the shares being retained by its founder and current director, Darren Wadley. Darren Wadley will be continuing as Managing Director of Jeometri and leading the business in its next phase of growth.

Jeometri, a regulated insurance manager based in Guernsey, was established in 2017 to specialise in the formation and management of life and general insurance and reinsurance companies. Jeometri has extensive experience in working with companies and individuals, including private banks, financial advisory firms and insurance brokers, who are looking to either self-insure to manage their own risks or to write third-party insurance or reinsurance business but need help to navigate the complexities of setting up and administering a licensed insurance company.

Jeometri's management team boasts unique skills and years of experience in general and life insurance, wealth management, banking, regulatory consultancy, and retail and wholesale financial product development. Furthermore, Jeometri has built a network of trusted professionals to deliver an all-around service tailored to their clients' requirements.

This is a strategic acquisition which not only expands Alpha's abilities to accumulate assets under administration but also provides complementary services to Alpha's Guernsey-based life insurance company, Alpha International Life Assurance Company (Guernsey) Ltd ("AILAC").

The consideration payable for the acquisition of Jeometri is £449,321 in cash inclusive of the costs of the share acquisition and an infusion of working capital into the business.  The transaction funding has been satisfied from Alpha's existing cash resources and no shares were issued by Alpha for the acquisition. The acquisition of Jeometri is subject to regulatory approval by the Guernsey Financial Services Commission. Subject to this approval, Alpha expects to complete the acquisition within the third quarter of 2024 and will make a further announcement in due course once completed.

Going forward, Alpha plans to actively assist in the growth of Jeometri including through marketing Jeometri's solutions to its established clientele and the broader insurance community globally with a view to materially increasing its business with complementary activity for Alpha.

Darren Wadley, Jeometri's Founder and Managing Director, said: "The team and I are very excited to be part of the wider Alpha group; this will allow Jeometri to shed its small company image and truly showcase our knowledge, skills and experience of the insurance industry to a much wider audience."

Jason Sutherland, Alpha's Executive Director and General Counsel, added: "Jeometri is an ideal acquisition for Alpha as it will generate service fees on its own level and opens a channel for business into the UK and worldwide as interest in establishing insurance entities grows. Guernsey is the ideal regulatory environment for such growth.  Jeometri is a small but important acquisition for Alpha Growth and one which provides significant additional opportunities.  As part of our buy and build strategy, we continue to actively progress our acquisition pipeline and will update shareholders on progress when appropriate."

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For more information, please visit www.algwplc.com or contact the following:

About Alpha Growth plc

Specialist in Longevity Assets

Alpha Growth plc is a financial advisory business providing specialist consultancy, advisory, and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets. Building on its well-established network, the Alpha Growth group has a unique position in the longevity asset services and investment business, as a listed entity with global reach. The group's strategy is to expand its advisory and business services via acquisitions and joint ventures in the UK and the US to attain commercial scale and provide holistic solutions to alternative institutional investors who are in need of specialised skills and unique access to deploy their financial resource in longevity assets.

Longevity Assets and Non-correlation

As a longevity asset, it is non-correlated to the real estate, equity capital and commodity markets.  Its value is a function of time because as time passes the value gets closer to the face value of the policy. Hence creating a steady increase in the net asset value of the investment. This makes it highly attractive to investors wishing to counteract volatility within an investment portfolio and add yield.

Note: The Company only advises on and manages Longevity Assets that originate in the USA where the structured and life settlement market is highly regulated.

Forward Looking Statements Disclaimer

Certain statements, beliefs and opinions in this document are forward-looking, which reflect the Company's or, as appropriate, the Company's directors' current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward- looking statements, which speak only as of the date of this document.  Readers should not treat the contents of this document as advice relating to legal, taxation or investment matters, and are to make their own assessments concerning these and other consequences, including the merits of information and the risks.  Readers of this announcement are advised to conduct their own due diligence and agree to be bound by the limitations of this disclaimer.

Important Notice

The content of this announcement has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (FSMA). This announcement has been issued by and is the sole responsibility of the Company. The information in this announcement is subject to change.