Plus500 Board Agrees on $55M Share Buyback Program

Plus500, a global multi‐asset fintech group operating proprietary technology‐based trading platforms, announces today that its Board of Directors (the "Board") has approved a new share buyback programme to purchase up to an additional $55.0m of the Company's shares.

This includes a special share buyback programme of $29.8m, which is directly related to the benefits of the change in tax rate from the Israeli statutory rate of 23% to 12%, following the Company's successful extension of accreditation as a Preferred Technological Enterprise.

The new programme follows the completion of the Company's most recent share buyback programme in January 2022, having been announced on 29 October 2021.

The purpose of the new programme is to further emphasise the Board's confidence in the prospects of Plus500 and reflects the robust financial position of the Group, as highlighted by the Group's operational and financial performance in FY 2021.

Share purchases will take place in open market transactions and may be made from time to time depending on market conditions, share price, trading volume and other factors. The Company has appointed Liberum Capital Limited ("Liberum") to manage this new programme, which is an irrevocable, non‐discretionary share buyback programme to repurchase the Company's shares on its behalf, and within certain defined parameters. The Company or the Board have no power to invoke any changes to the above programme and it will be conducted at the sole discretion of Liberum within the programme terms.

All ordinary shares repurchased by the Company under the above programme shall be classified as shares held in treasury (dormant shares). Such treasury shares are not entitled to dividends and have no voting rights at the Company's general meetings.

The share buyback programme will run from the date of this announcement to 31 December 2022.