Loan Conversion and Issue of Equity

Malvern International plc (“Malvern” or the “Company”), the global learning and skills development partner, announces that it has issued and allotted 50,000,000 new ordinary shares of 0.1 pence (“Ordinary Shares”) each pursuant to the conversion of £50,000 of the loan notes at a conversion price of 0.1 pence per share (being the average price of the five business days prior to the conversion date) that were otherwise redeemable on 31 July 2022 (the “Loan Note Conversion”).

Following the loan note conversion a further £172,817 Loan Notes remain outstanding all of which are redeemable or convertible on 31 December 2022.

The 50,000,000 new Ordinary Shares will rank pari passu with the Company’s existing ordinary share capital. Application has been made for the 50,000,000 new ordinary shares arising pursuant to the Loan Note Conversion to be admitted to trading on AIM (“Admission”) which is expected to commence at 8.00 a.m. on or around 5 August 2022.

Following Admission, the total number of Ordinary Shares in the Company in issue will be  2,194,230,688  and the total number of voting rights will be  2,194,230,688 . This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (“MAR”). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.