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Statement regarding potential IPO

14 June 2018
DWF’s strategy is to become a truly global legal business, by combining geographic reach with expertise in our primary industry sectors and doing things differently by providing our clients with access to a range of Connected Services.

To enable us to deliver on our strategy and for us to better serve our clients through an increasingly international and differentiated offering, we have plans to increase our investment in information technology and Connected Services. The current corporate structure of our business continues to work very well and has enabled us to deliver our key business objectives with record growth this year - but as a business which is committed to “doings things differently” it is also important to consider alternative structures which can set us apart from other legal businesses. To that end, we have been considering a number of strategic options for our business, including the possibility of an IPO on the London Stock Exchange. If we were to proceed with an IPO, we believe that it would enable us to achieve our strategic objectives more quickly, while also enhancing our ability to attract and retain the best talent and to incentivise our people by aligning them through offering ownership within the business.

We are focused on an IPO, however, a number of options are available to us, and we can still continue to build on our success to date, with the support of our clients, under our current structure. For the time being, it is very much business as usual for us, our clients and our business partners as we continue to focus on delivering the excellent service which our clients have come to expect of us.

This communication does not constitute an offer or recommendation concerning any securities referred to in this communication in the United Kingdom or in any other jurisdiction. It is intended for information purposes only, is not an advertisement in connection with any actual or potential acquisition of securities and is not intended to be an invitation or inducement to engage in investment activity.

This communication is not an offer of securities. The securities described in this communication have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of the securities in the United States.

No reliance may be placed on the contents of this communication for any purpose, and DWF makes no representation or warranty to the persons viewing this communication with regards to the information contained herein and shall have no responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this communication or its contents, or otherwise arising in connection with this communication, save as cannot be excluded pursuant to applicable law or regulation. Past performance is not a guide to future performance.

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