Analyst Consensus

Please note that any estimates or forecasts regarding Pinewood Technologies Group PLC performance made
by the contributing analysts to the above consensus are theirs alone and are not reported, endorsed or reviewed
by Pinewood Technologies Group PLC.

The information above is based on the following analysts that cover Pinewood Technologies Group PLC, being:

Jefferies, Andrew Wade – 14-Feb-2025
Berenberg, Ciaran Donnelly – 14-Feb-2025
Zeus, Carl Smith, Bob Liao – 17-Feb-2025

Pinewood Technologies Group PLC is not regulated by the Financial Conduct Authority and cannot offer investment
advice. It should be noted that forecasts are by definition forward looking and are therefore subject to risks and
uncertainties that may materially affect actual results or performance. Pinewood Technologies Group PLC will
endeavour to ensure that the information is updated promptly. Nothing in this analysis should be taken as a
recommendation to buy or sell shares in Pinewood Technologies Group PLC or to take any other action or place any
reliance on the analysis.

Neither Pinewood Technologies Group PLC nor any subsidiary undertaking or any director, officer or employee of
Pinewood Technologies Group PLC accepts any responsibility for the accuracy of the forecasts used in this analysis
and therefore shall have no liability whatsoever for the consequences of any reliance or actions taken or not taken
based on any of the information in this analysis.