THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

LEI: 213800L5751QTTVEA774

23 December 2025

MARWYN VALUE INVESTORS LIMITED (THE "COMPANY")

SHARE DEALINGS

Further to the Company's announcement on 20 October 2025, Marwyn employees have bought 37,761 Ordinary Shares in the Company from Marwyn Capital Management Limited ("MCML") at 135.69p per share, being the same total cost per share that MCML acquired such shares for on 16 October 2025. Following this, the aggregate holding of Ordinary Shares by James Corsellis, Chief Investment Officer of Marwyn Investment Management LLP, the manager of the Company, and MCML (being an entity wholly owned by James Corsellis) is 6,933,872 Ordinary Shares, representing approximately 12.26% of the Company's voting rights.

Whilst neither James Corsellis or MCML are Persons Discharging Managerial Responsibility ("PDMR") within the meaning of the UK version of Regulation (EU) 596/2014, as incorporated in the UK by virtue of the European Union (Withdrawal) Act 2018, as amended in relation to the Company, they have voluntarily disclosed the information above to the Company, and the Company is voluntarily disclosing the information above to the market, as if they were PDMRs in relation to the Company.

Company enquiries:

Marwyn Value Investors Limited

Scott Danks

scottdanks@marwyn.com

Company Secretary - Palmer Fund Services (Jersey) Limited

marwyn@palmerfs.com

1 Grenville Street

St Helier

Jersey JE2 4UF

Investor Relations - KK Advisory Limited

Kam Bansil

020 7039 1901

PR Adviser - FGS Global

Rollo Head 07768 994987

Chris Sibbald 07855 955531

Corporate Broker - Panmure Liberum Limited

Chris Clarke

0203 100 2200

Shares in the Company are not designed or intended for retail investors. Marwyn Investment Management LLP, the Manager, does not promote shares in the Company to retail investors and they should not be offered to retail investors.