GLI Finance Limited - Result of Extraordinary General Meeting

22 April 2021

GLI Finance Limited

(the "Group" or the Company")

Result of Extraordinary General Meeting

and

Result of Tender Offer

The Company announces that the resolution proposed at the extraordinary general meeting held earlier today was duly passed. As a result, the Tender Offer, as set out in the shareholder circular published by the Company on 1 April 2021 (the "Circular") and set out in the Company's announcement on the same date, will immediately proceed.

The Company today announces the result of the Tender Offer for ZDP Shares:

Result of Tender Offer

Under the Tender Offer, 1,690,034 ZDP Shares were validly tendered and will be purchased at a price of 145.59 pence per ZDP Share, for an aggregate purchase price of £2,460,520.37. The ZDP Shares to be purchased under the Tender Offer represent approximately 19.45 per cent. of the ZDP Shares currently in issue (excluding ZDP Shares held in treasury). Following completion of the Tender Offer, the Company will cancel the ZDP Shares validly tendered.

It is anticipated that the proceeds payable under the Tender Offer to the Company's ZDP Shareholders who hold their ZDP Shares in certificated form will be despatched on 28 April 2021 in the form of a cheque. It is anticipated that those ZDP Shareholders who hold their ZDP Shares in uncertificated form will have their CREST accounts credited on 28 April 2021.

Capitalised terms used but not otherwise defined in the text of this announcement are defined in the Circular.

For further information, please contact:

GLI Finance Limited

Andy Whelan

+44 (0)1534 708900

Liberum Capital (Nominated Adviser and Corporate Broker)

Chris Clarke

Edward Thomas

+44 (0) 20 3100 2190

Instinctif Partners (PR Advisor)

Tim Linacre/Lewis Hill

+44 (0)207 457 2020

LEI: 213800S2XOO3YSEGCA26

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