Disposal of Boom Battle Bar. “Transaction sharpens strategic focus on Escape Hunt.” Change of registered office.

XP Factory plc (AIM: XPF), one of the UK’s leading experiential leisure businesses, is pleased to announce that it has today entered into an agreement for the sale of the entire issued share capital of BBB Franchise Ltd, its Boom Battle Bar business (“Boom”), to F.O Twenty-Four Ltd for a total consideration of up to £11m (the “Disposal”). The Group will receive upfront cash consideration of £5m, used to reduce bank net debt and fund the Group’s working capital position and growth programme, and up to £6 million from sales and EBITDA earn-outs over the next three years.

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