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REG-JZ Capital Partners Limited: Notification of Major Holdings

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GG00BPNZ7G17

Issuer Name

JZ CAPITAL PARTNERS LIMITED

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

First Equity Limited

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

 Name                           City of registered office  Country of registered office  
 Estate of William Black                                                                 
 Armstrong Investments Limited  Douglas                    Isle of Man                   

4. Details of the shareholder

 Name                       City of registered office  Country of registered office  
 Nortrust Nominees Limited  London                     United Kingdom                

5. Date on which the threshold was crossed or reached

30-Jan-2026

6. Date on which Issuer notified

02-Feb-2026

7. Total positions of person(s) subject to the notification obligation

 .                                                                          % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer  
 Resulting situation on the date on which threshold was crossed or reached  10.527127                                             0.000000                                                                   10.527127                       6350000                                       
 Position of previous notification (if applicable)                          6.216807                                              0.000000                                                                   6.216807                                                                      

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)  
 GG00BPNZ7G17                                 6350000                                  0                                            10.527127                           0.000000                                
 Sub Total 8.A                                6350000                                                                               10.527127%                                                                  

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is exercised/converted  % of voting rights  
                                                                                                                                                                                       
 Sub Total 8.B1                                                                                                                                                                        

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights  
                                                                                                                                                      
 Sub Total 8.B2                                                                                                                                       

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking                                       % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher than the notifiable threshold  Total of both if it equals or is higher than the notifiable threshold  
 Estate of William Black      First Equity Limited as Investment Manager of Armstrong Inv Limited  10.527127                                                                                                                                                                             10.527127%                                                             
 Estate of William Black      Armstrong Investments Limited                                                                                                                                                                                                                                                                                                     

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

02-Feb-2026

13. Place Of Completion

London



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