REG - ConnectingExcellence - First acquisition Heads of Terms & Trading Update

01 September 2026

Connecting Excellence Group Plc

("Connecting Excellence Group", "XCE", the "Group" or the "Company")

Heads of Terms signed for first recruitment company acquisition and Trading Update

Proposed recruitment acquisition with revenue of c.£1.79m and EBITDA of £431,000 in the twelve months to 30 June 2026 - for a net cash outflow of approximately £150,000 on completion

Trading update - the Group's flagship operating company, Spencer Riley, grew revenue by 20.6% to c.£1.84m in the twelve months to 30 June 2026

Connecting Excellence Group Plc (AQSE: XCE / OTCQB: XCELF), the international executive recruitment group with a long-term, ambitious and disciplined Bitcoin (BTC) treasury strategy, announces that it has entered into binding Heads of Terms ("Heads of Terms") in relation to the proposed acquisition ("Acquisition") of two UK-registered companies, which trade as a single specialist recruitment business under one brand (together, the "Targets"). The Company also provides the market with a trading update relating to the period from 14 May 2025 to 30 June 2026 (the "Period").

Highlights:

Heads of Terms

·      Heads of Terms entered with two UK-registered companies which trade as one business under a single brand, with 20 years in construction and engineering recruitment across the UK and U.S.