Watchstone Group PLC - Further re Claim against PricewaterhouseCoopers

Watchstone Group plc

("Watchstone" or the "Company" or the "Group")

Claim against PricewaterhouseCoopers LLP ("PwC")

Further to its previous announcements, Watchstone Group plc (LON:WTG) announces that the High Court has dismissed its claim against PwC (claim number: CL-2020-000507) in a judgment handed down this morning.

Watchstone is disappointed with the outcome of the case and is currently considering whether to appeal the judgment. The Company's management and legal advisers will consider the judgment and determine the appropriate course of action.

Watchstone will make further announcements in due course, as appropriate.

The release of this announcement has been authorised by Stefan Borson, Chief Executive Officer and Company Secretary of the Company.

For further information:

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. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.