Month: September 2026

Positive net flows despite a sharp digital asset market decline; strong balance sheet with $453 million of net assets and no long-term debt

JERSEY, Channel Islands — September 14, 2026 — CoinShares PLC (Nasdaq: CSHR) (“CoinShares” or the “Company”, together with its subsidiaries, the “Group”), a leading global asset manager specialising in digital assets, today announced its financial results for the six months ended June 30, 2026.

First Half 2026 Highlights

• Total revenue of $51.4 million, compared with $80.0 million in H1 2025. Asset Management revenue was $40.0 million (H1 2025: $59.6 million), principally reflecting lower average Assets Under Management (“AUM”) following the decline in digital asset prices. Capital Markets revenue was $11.4 million (H1 2025: $22.1 million), with a further $3.4 million of gains from operations, resulting in Capital Markets Segment revenue and gains of $14.9 million (H1 2025: $26.5 million).
• Total AUM of $5.5 billion as of June 30, 2026, compared with $7.4 billion as of December 31, 2025. The decline in AUM was driven by market performance rather than net redemptions, with the Group generating $27.6 million of net inflows during the period.
• CoinShares Physical attracted $155.9 million of net inflows, partially offset at Group level by $104.6 million of net outflows from the legacy CoinShares XBT Provider platform.
• Operating loss was $5.1 million, compared with operating income of $75.9 million in H1 2025, while Segment EBITDA was $21.6 million, demonstrating continued underlying profitability despite the challenging market environment. Net loss was $23.9 million, including a $16.6 million unrealized loss arising from the XBT Pricing Differential and a $15.4 million unrealized loss on treasury digital asset holdings, together with one-time costs associated with the Nasdaq listing and settlement of a historic option plan.
• Strong balance sheet, with approximately $453 million of net assets, no long-term debt and an Available Capital Position of approximately $413.9 million, including approximately $284.6 million of earned and accrued CoinShares XBT management fees.
• The Board is seeking shareholder authority to establish a share repurchase program at the EGM scheduled for September 15, 2026, providing the Company with an additional capital allocation tool alongside continued investment in organic growth and selective acquisitions.
• Continued strategic progress across active alternative strategies, on-chain investment capabilities and the Group’s regulated product range, including the expansion of staking products, progress following the acquisition of Bastion (completed in early September), development of initiatives with Kiln and Railnet, and the launch in July of the Company’s first Bitcoin Mining UCITS ETF.

CEO Commentary

Jean-Marie Mognetti, Co-Founder, President and Chief Executive Officer of CoinShares, said:

“The first half of 2026 was one of the most difficult digital asset markets in recent years, with bitcoin declining by approximately one-third between January and June. Against that backdrop, CoinShares generated $21.6 million of Segment EBITDA at a 42% margin, with positive Segment EBITDA in both quarters, while recording positive net flows across the Group.

What matters particularly to me is what our clients did. CoinShares Physical, our European growth platform, attracted approximately $156 million of net new assets during the half, even as digital asset markets declined sharply. The fall in our overall AUM was therefore principally a price effect rather than a flow effect, demonstrating the resilience of our core European franchise through a difficult market.

Our reported net loss of $23.9 million reflects a number of items that create a significant difference between our GAAP result and the operating performance reflected in Segment EBITDA, including unrealized movements in treasury digital assets and the XBT Pricing Differential, as well as one-time costs associated with our Nasdaq listing and the settlement of a historic option plan.

Since the end of the half, digital asset markets have begun to recover, increasing our AUM and partially reversing the unrealized loss on our treasury holdings. While we do not manage the business around short-term market movements, the subsequent recovery illustrates the distinction between market-driven movements in our reported results and the underlying performance of the operating platform.

Having repaid our Reyl Intesa loan, we enter the second half with no long-term debt, approximately $453 million of net assets and substantial available capital. This gives us the capacity both to invest behind the continued development of the platform and to return capital where we believe that is the better use of it, including through a share repurchase program for which the Board is seeking shareholder authority at the upcoming EGM.

This is our first half-year report since listing on Nasdaq. We are building CoinShares for the long term: a regulated investment platform combining investment products, market infrastructure and blockchain-native technology, with a simple purpose: to make the frontier investable.”

Revenue and Gains from Operations

Total revenue for H1 2026 was $51.4 million, compared with $80.0 million in H1 2025, a decrease of 35.7%.

Including gains and losses from operations, total revenue and gains from operations were $38.3 million, compared with $102.4 million in H1 2025. This measure includes movements arising from the valuation of digital assets and digital asset ETPs and the corresponding certificate liabilities, including the XBT Pricing Differential.

The XBT Pricing Differential arises because certain certificate liabilities and the digital assets held to hedge substantially the same underlying economic exposure are measured using the observable market prices applicable to the respective instruments. Differences between those pricing references can therefore create unrealized accounting gains or losses even where the Group’s underlying economic exposure has not materially changed.

Asset Management

Asset Management revenue was $40.0 million, compared with $59.6 million in H1 2025, a decrease of 32.9%.

The decline was principally attributable to lower average AUM following the decline in digital asset prices during the period. On an average AUM basis, the Group’s indicative blended Asset Management fee rate has shown a slight decline since H1 2025. The reduction primarily reflects product mix rather than broad-based fee compression. BLOCK Index, which carries a fee of 32.5 basis points, grew to $1.559 billion, from $1.333 billion as of December 31, 2025 — even as digital asset prices fell broadly. Its growing, lower-fee share of AUM has weighed on the blended rate, while its differentiated performance relative to digital asset prices illustrates the value of a diversified product mix. In February 2026, the Company reduced the management fee on its flagship physically backed bitcoin ETP from 25 to 15 basis points.

Asset Management Segment EBITDA was $27.5 million for H1 2026, compared with $46.3 million in H1 2025.

Despite the overall AUM decrease, the Group’s Asset Management business continued to generate positive net flows. CoinShares Physical generated approximately $155.9 million of net inflows during H1, while the Group’s legacy CoinShares XBT Provider platform recorded approximately $104.7 million of net outflows.

The contrasting flow profiles reflect the continuing evolution of the Group’s European product base as its newer physically backed platform continues to scale.

Capital Markets

Capital Markets revenue was $11.4 million, compared with $20.3 million in H1 2025, a decrease of 43.8%. This comprises staking, lending, and other revenue generated in support of the Group’s product platform.

In addition, the segment generated net gains from trading and other Capital Markets activities of $3.4 million (H1 2025: $4.3 million), which are gains from operations rather than revenue under U.S. GAAP. Together, Capital Markets Segment revenue and gains — which excludes the XBT Pricing Differential — were $14.9 million, compared with $26.5 million in H1 2025, a decrease of 43.9%. Capital Markets puts the Group’s infrastructure and balance sheet to work across staking, trading, market-making, lending and liquidity provision. Performance across these activities is influenced by different market and capital deployment dynamics. Capital Markets Segment EBITDA was $7.1 million for H1 2026, compared with $21.3 million in H1 2025.

During H1 2026, lower digital asset prices reduced staking income; management deliberately reduced the amount of capital deployed to lending activities in line with the Group’s risk appetite; and trading gains moderated as market liquidity and the availability of attractive risk-adjusted opportunities declined.

The reduction in lending activity represented a deliberate capital allocation decision rather than a constraint on the Group’s lending capabilities.

Profitability

Segment EBITDA for H1 2026 was $21.6 million, compared with $59.0 million in H1 2025, representing a Segment EBITDA margin of approximately 42%. Segment EBITDA was positive in both quarters of the first half.

The year-over-year decline principally reflected lower revenue resulting from reduced average AUM and lower Capital Markets activity against an operating cost base that included costs associated with the Company’s Nasdaq listing and transition to U.S. public-company reporting requirements.

The Company reported an operating loss of $5.1 million, compared with operating income of $75.9 million in H1 2025, and a net loss of $23.9 million, compared with net income of $77.6 million in H1 2025.

The difference between Segment EBITDA and the reported net result principally reflects items excluded from the segment performance measure, including the XBT Pricing Differential, share-based compensation and costs associated with settlement of a historic option plan, depreciation and amortization, financing items, fair-value movements on investments and a $15.4 million unrealized loss on treasury digital asset holdings.

A reconciliation of Segment EBITDA to the applicable U.S. GAAP measure is provided below.

Assets Under Management (AUM) and Flows

Total AUM was approximately $5.52 billion as of June 30, 2026, compared with approximately $7.40 billion as of December 31, 2025.

The decline was driven by adverse market movements during the period rather than net redemptions. The Group generated approximately $27.6 million of net inflows during H1 2026, partially offsetting the impact of declining digital asset prices.

CoinShares Physical, the Company’s physically backed platform launched in 2021, generated approximately $155.9 million of net inflows during the half, representing one of its strongest first-half flow performances since launch.

European crypto ETPs continued to attract net new assets during the period, with CoinShares capturing close to 15% of European net inflows.

The Group publishes a detailed breakdown of AUM and flows by listed security on its investor relations website following each month-end, which can be found at https://investor.coinshares.com/financials#aum. The information on the investor-relations website is not intended to be incorporated into this release or the accompanying Form 6-K.

Post-Period Update

Following the end of the reporting period, digital asset prices recovered from their June 30 levels. As of August 31, 2026, Group AUM had increased to approximately $6.93 billion, compared with $5.52 billion as of June 30, 2026. The recovery also favourably impacted the Group’s treasury digital asset holdings, with the year-to-date unrealized loss on those holdings reducing to approximately $3.56 million as of August 31, 2026, compared with $15.4 million as of June 30, 2026.

Balance Sheet and Capital Allocation

As of June 30, 2026, CoinShares had approximately $453 million of net assets and no long-term debt.

During the period, the Group repaid its long-term debt facility with Reyl.

Management does not evaluate the Group’s financial resources solely by reference to cash at bank because a significant portion of its capital is deployed in liquid assets and receivables supporting its investment products and Capital Markets activities.

The Group therefore also monitors an Available Capital Position, which was approximately $413.9 million as of June 30, 2026, compared with $481.4 million as of December 31, 2025. The decrease primarily reflected repayment of the Group’s long-term borrowings, dividend distributions, settlement of the historic share option plan, the contraction of the cumulative XBT Pricing Differential and losses on treasury digital assets, partially offset by positive Segment EBITDA generated during the period.

The June 30, 2026, Available Capital Position included approximately $11,0506.7 million of liquid assets and approximately $284.6 million of earned and accrued CoinShares XBT management fees. These accrued fees represent management fees already earned within the XBT Provider platform that the Group elects to realize upon investor redemption of the underlying notes.

Although the Group holds certain treasury digital assets that are exposed to market movements, it does not maintain material directional digital asset exposure as part of its core operating strategy.

The Company’s balance sheet provides flexibility to invest organically in the continued development of its platform, pursue selective acquisitions where management believes they can create attractive returns, and return capital to shareholders where appropriate.

Consistent with this approach, the Board is seeking authority from shareholders to establish a share repurchase program. Any repurchases will be made at the Board’s discretion, subject to market conditions, applicable law and regulatory requirements. The Company is under no obligation to repurchase any specific number of shares.

Strategic Progress

CoinShares continues to develop its investment platform around three priorities: strengthening its core European franchise, expanding its active and blockchain-native investment capabilities, and selectively extending the platform into new markets.

In Europe, the Group continued to expand its regulated product offering and distribution. The Group also expanded its passive product range with staking products providing exposure to Hyperliquid and BNB.

In active investment management, the preparatory steps for the integration of Bastion continued during the period, with clients commencing novation over to CoinShares and the business generating its first revenues for the Group. CoinShares is also developing blockchain-native investment capabilities through initiatives involving Kiln and Railnet.

In July, following the end of the reporting period, CoinShares launched its first Bitcoin Mining UCITS ETF, extending the Group’s investment offering further into the digital asset value chain and complementing its U.S.-listed bitcoin mining equity strategy, WGMI.

These initiatives reflect the Group’s strategy of building an integrated investment platform rather than a sequence of individual products, spanning passive and active investment strategies and both traditional and blockchain-native infrastructure.

Non-GAAP Financial Measures & Operating Metrics

This press release includes certain non-GAAP financial measures including Revenue and Gains from Operations, and Available Capital Position.

Management believes these measures provide useful supplemental information to investors by enhancing the understanding of the Group’s financial performance and position. These measures should not be considered as a substitute for, or superior to, measures prepared in accordance with U.S. GAAP.

Although not a non-GAAP measure, the measure of profitability that the Company’s Chief Operating Decision Maker (“CODM”) uses to assess segment performance and allocate resources is Segment EBITDA. Segment EBITDA excludes share-based compensation, depreciation and amortization, interest income, interest expense, gain/(loss) on treasury digital assets, fair value gain/loss on investments, impairment of equity method investments, and the XBT Pricing Differential. The Group’s Segment EBITDA was reconciled to income before income taxes, and it is presented in the tables below. In evaluating segment results, the CODM is regularly provided with information on the following significant expense categories at the segment level: cost of revenue, salaries and employee benefits, professional fees, marketing expenses, and technology expenses.

Revenue and gains from operations:

		Period Ended June 30,
								Percent Change
(in thousands)		2026		2025		Change
Revenue		$ 51,438		$ 79,950		$ (28,512)		(35.7%)
Loss on digital assets and digital asset ETPs		(1,877,339)		(179,106)		(1,698,233)		948.2%
Gain on certificate liabilities		1,754,778		86,169		1,668,609		1936.4%
Other operating gains		109,430		115,403		(5,973)		(5.2%)
Total		$ 38,307		$ 102,416		$ (64,109)		(62.6%)

The significant gross movements in losses on digital assets and gains on certificate liabilities primarily reflect the accounting presentation of assets held to hedge the Group’s certificate liabilities and should be considered together when evaluating their economic effect.

Available Capital Position:

		Period Ended June 30,		Year Ended December 31,
							Percent Change
(in thousands)		2026		2025		Change
Cash and cash equivalents		$ 47,068		$ 64,243		$    (17,175)	(26.7%)
Digital assets – held for operations		2,515,483		3,974,713		(1,459,230)	(36.7%)
Digital assets – held as treasury		26,687		33,354		(6,667)	(20.0%)
Digital asset exchange traded products		640,116		1,145,428		(505,312)	(44.1%)
Digital asset receivables, net		238,969		108,517		130,452	120.2%
Total assets		3,468,323		5,326,255		(1,857,932)	(34.9%)
						–
XBT Certificate Liabilities		(1,358,004)		(2,465,007)		1,107,003	(44.9%)
XBT CS Physical Certificate Liabilities		(1,326)		(1,279)		(47)	–
CS Physical Certificate Liabilities		(1,406,792)		(2,041,154)		634,362	(31.1%)
Digital asset payables		(114,764)		(168,374)		53,610	(31.8%)
Amounts due to brokers		(173,582)		(169,086)		(4,496)	2.7%
Total liabilities		(3,054,468)		(4,844,900)		1,790,432	(37.0%)
Net		413,855		481,355		(67,500)	(14.0%)
of which: accrued fee		284,594		280,020		4,574	1.6%

Within the Group’s Available Capital Position is the cumulative unrealized impact of the XBT Pricing Differential, which amounted to $10.2 million as of June 30, 2026, compared with $26.9 million as of December 31, 2025.

XBT accrued fees represent earned but unrealized management fees within the CoinShares XBT Provider platform. While held in digital assets, these balances are economically linked to fiat-denominated fee accruals and are not exposed to digital asset price volatility. The Group elects to realize these balances upon investor redemption of the underlying notes rather than as they are earned and therefore includes them within Available Capital.

Segment EBITDA:

Segment EBITDA is the measure used by the Company’s Chief Operating Decision Maker to assess segment performance and allocate resources. It comprises revenue and gains attributable to the Group’s operating segments less directly attributable and administrative operating costs and excludes certain items including share-based compensation, depreciation and amortization, interest income and expense, gains or losses on treasury digital assets, fair-value gains or losses on investments, impairment of equity-method investments and the XBT Pricing Differential.

Management believes Segment EBITDA provides useful supplemental information regarding the operating performance of the Group’s business segments. Segment EBITDA should be considered together with, and not as a substitute for or superior to, the Company’s financial results prepared in accordance with U.S. GAAP.

A reconciliation of Segment EBITDA to the applicable U.S. GAAP measure is included in the Company’s MD&A for the six months ended June 30, 2026.

H1 2026 Operating Segments

		Asset Management				Capital Markets				Unallocated(1)				Total
Revenue		$	40,002			$	11,436			$	—			$	51,438
Gains/(losses) from operations
(Loss)/gain on digital assets and digital asset ETPs			(1,864,208)				(15,751)				2,620				(1,877,339)
Gain/(loss) on certificate liabilities			1,754,778				18,690				(18,690)				1,754,778
Other operating gains/(losses)			109,430				486				(486)				109,430
Total gains/(losses) from operations			—				3,425				(16,556)				(13,131)
Total revenues, gains/(losses) from operations (2)		$	40,002			$	14,861			$	(16,556)			$	38,307
Operating expenses (3)
Cost of revenue (excluding depreciation and amortization)			(5,043)				(2,663)				—				(7,706)
Salaries and employee benefits			(3,599)				(2,459)				(1,879)				(7,937)
Professional fees			(943)				(872)				(5,790)				(7,605)
Marketing expenses			(1,413)				—				(1,922)				(3,335)
Technology expense			(419)				(574)				(1,552)				(2,545)
Allowance for credit losses			—				231				—				231
Other general and administrative expenses			(1,068)				(1,389)				(1,871)				(4,328)
XBT/ETP Pricing differential (4)			—				—				16,556				16,556
Segment EBITDA		$	27,517			$	7,135			$	(13,014)			$	21,638
Share based compensation			—				—				(6,089)				(6,089)
Depreciation and amortization			(1,259)				(452)				(453)				(2,164)
Interest income			293				293				292				878
Interest expense			(1,696)				(1,696)				(1,697)				(5,089)
Loss on treasury digital assets			—				—				(15,398)				(15,398)
Fair value loss on investments			—				—				1,099				1,099
Exceptional expenses (5)			(758)				(564)				(619)				(1,941)
XBT/ETP Pricing differential (4)			—				—				(16,556)				(16,556)
Income/(loss) before income taxes		$	24,097			$	4,716			$	(52,435)			$	(23,622)

(1)         Unallocated represents other business activities and unallocated corporate expenses managed at the Group level. Accordingly, these expenses are not allocated to the Group’s segments.
(2)      The revenue segment measure that is provided to the CODM is the total of revenue and gains/(losses) from operations.
(3)         The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(4)         Represents the impact of valuation differences between certain financial instruments and their underlying digital asset exposures. XBT certificates and certain third-party ETPs are measured using observable market prices, which may trade at a discount or premium to the value of the underlying digital assets held for hedging. These differences result in unrealized gains or losses that are driven by market spreads.
(5)         Segment EBITDA excludes one-off transactions and other non-recurring items that are not considered indicative of the Group’s ongoing operating performance.

H1 2025 Operating Segments

			Asset Management				Capital Markets				Unallocated(1)				Total
Revenue			$	59,613			$	22,149			$	(1,812)			$	79,950
Gains/(losses) from operations
(Loss)/gain on digital assets and digital asset ETPs				(201,572)				21,771				695				(179,106)
Gain on certificate liabilities				86,169				(19,063)				19,063				86,169
Other operating gains				115,403				1,636				(1,636)				115,403
Total gains from operations				—				4,344				18,122				22,466
Total revenues, gains/(losses) from operations (2)			$	59,613			$	26,493			$	16,310			$	102,416
Operating expenses (3)
Cost of revenue (excluding depreciation and amortization)				(7,123)				(1,664)				—				(8,787)
Salaries and employee benefits				(2,775)				(2,206)				(2,476)				(7,457)
Professional fees				(842)				(610)				(1,239)				(2,691)
Marketing expenses				(1,044)				(10)				(1,171)				(2,225)
Technology expense				(507)				(470)				(1,080)				(2,057)
Allowance for credit losses				—				270				—				270
Other general and administrative expenses				(999)				(542)				(782)				(2,323)
XBT/ETP Pricing differential (4)				—				—				(18,122)				(18,122)
Segment EBITDA			$	46,323			$	21,261			$	(8,560)			$	59,024
Share based compensation				—				—				171				171
Depreciation and amortization				(1,025)				(192)				(192)				(1,409)
Interest income				159				159				158				476
Interest expense				(992)				(992)				(992)				(2,976)
Gain on treasury digital assets				—				—				5,538				5,538
Fair value gain on investments				—				—				(689)				(689)
XBT/ETP Pricing differential (4)				—				—				18,122				18,122
Income/(loss) before income taxes			$	44,465			$	20,236			$	13,556			$	78,257
(1)	Unallocated represents other business activities below the quantitative thresholds when determining the entity’s reportable segments and unallocated corporate expenses managed at the Group level. Accordingly, these expenses are not allocated to the Group’s segments.

(2)	The revenue segment measure that is provided to the CODM is the total of revenue and gains/(losses) from operations.

(3)	The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(4)

Represents the impact of valuation differences between certain financial instruments and their underlying digital asset exposures. XBT certificates and certain third-party ETPs are measured using observable market prices, which may trade at a discount or premium to the value of the underlying digital assets held for hedging as outlined further in Note 6. These differences result in unrealized gains or losses that are driven by market spreads.

Earnings Conference Call

Jean-Marie Mognetti, Co-Founder, President and Chief Executive Officer, and Richard Nash, Interim Chief Financial Officer, will host a live conference call to discuss the results at 1:30 p.m. BST / 8:30 a.m. ET on Monday, September 14, 2026. The presentation will be followed by a live question and answer session.

Investors and analysts can register for the call at https://coinshares.wavecast.io/quarterly-earnings/h1-2026-earnings-call. Questions may be submitted in advance of, or during, the call via the earnings portal.

A replay and transcript will be made available on the Investor Relations website following the call and will remain available for six months.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company’s business strategy, its capital allocation plans (including the proposed share repurchase program), the anticipated benefits of recent and prospective acquisitions and partnerships (including Bastion, Kiln and Railnet), the development of its active alternative strategies and on-chain asset management initiatives, the build-out of its European franchise, and the plans and objectives of management for future operations; and other statements identified by words such as “believes,” “may,” and “will”. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. Additional risk factors are described in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025, and other filings and submissions with the U.S. Securities and Exchange Commission. CoinShares does not undertake any obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by law.

About CoinShares

CoinShares is a leading global asset manager specialising in digital assets that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq under the ticker CSHR.

For more information about CoinShares:

CoinShares Investor Portal: https://investor.coinshares.com
Investor Relations: corporateir@coinshares.com

HONG KONG, Sept. 14, 2026 (GLOBE NEWSWIRE) — 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3 E Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider, committed to becoming a next-generation artificial intelligence (“AI”) infrastructure solutions provider, today announced the integration of Computational Fluid Dynamics (“CFD”) simulation and Digital Twin technologies into its key AI computing center in Mikkeli, Finland. Following the earlier announcement of the facility’s physical blueprint designed to be compatible with the NVIDIA Vera Rubin architecture, the Company is now applying “software-defined engineering” to integrate these technologies into the management of the data center across its design, physical deployment and daily operations, to support the infrastructure’s ability to accommodate future ultra-high-density thermal loads.

Design and Deployment Phase: Multi-Physics Simulation

Unlike the relatively stable workloads of traditional cloud data centers, AI computing centers generate significant “Transient Power Spikes” during large-scale model training as cluster nodes operate in synchronization. During the design and deployment phases, traditional macro room-level airflow assessments are increasingly challenged. To address this, 3 E Network has combined high-precision CFD computational power with 3D spatial modeling to conduct “Chip-to-Facility” multi-physics analysis across the following engineering areas:

• Chip-Level Thermal Coupling and Architecture Testing: In the virtual space, anticipated thermal load metrics for next-generation architectures, such as Vera Rubin, are incorporated into the model to conduct redundancy testing under extreme conditions. The simulation extends to the compute-node level to identify potential thermal shadowing effects caused by high-density stacking, guiding the facility’s initial architectural design and cross-generational compatibility planning.
• Micro-Fluidic Optimization for Liquid Cooling Deployment: Using precise facility spatial topology data, CFD is applied to high-density blind-mate piping and manifold networks to calculate the pressure drop distribution of Coolant Distribution Units. This aims to guide the placement of the physical piping network to support balanced coolant flow to compute cores and reduce the risks of pump cavitation and localized boiling.
• Airflow Containment and Aisle Management: The system dynamically simulates the supply air pathways of Computer Room Air Handlers within the digital model to optimize the placement of physical containment components. This is intended to reduce hot- and cold-air short-circuiting and support more energy-efficient cooling.
• Thermal Boundary Analysis for Power Infrastructure: To support the high power requirements of 48V DC centralized power shelves and rack-level Battery Backup Units, CFD thermal field simulation technology is extended to electrical facilities. This assists in confirming that the physical installation locations of components such as high-voltage busbars and smart PDUs remain within safe thermal boundaries.
• External Polar Free-Cooling and Aerodynamic Interaction: The system incorporates local meteorological data from Mikkeli, Finland, to simulate the interactions between chiller plants and natural wind fields within the facility’s exterior 3D model. This guides the design of external exhaust systems to reduce heat recirculation, facilitating the effective utilization of the Nordic region’s natural free-cooling.

Operations Phase: Closed-Loop Management of Facilities and Data

Upon the delivery of the data center, compute clusters require significant capital investment and operational management. The digital management foundation built by 3 E Network is an interactive system that continuously synchronizes data with the physical facility to support daily operations:

1. Virtual Pre-Placement Validation for High-Density Racks: Recognizing that next-generation liquid-cooled compute racks have significantly increased weights and require strict blind-mate alignment precision, the operations team can conduct pipeline clash detection and load-bearing simulations within a 1:1 virtual replica prior to any new hardware expansion. This effectively reduces rework rates in physical construction and supports the safe installation of hardware equipment.
2. Workload-Aware Thermal Orchestration: The digital management platform is planned to integrate with out-of-band environmental sensors. By comparing real-time operational telemetry against foundational CFD prediction baselines, the system aims to assist operations teams in adjusting the operating parameters of chillers and liquid cooling pumps in anticipation of power spikes from model training. This seeks to optimize Power Usage Effectiveness continually while maintaining compute stability.
3. Routine Scenario Modeling for Cross-Generational Evolution: Operations teams can import anticipated future thermal load parameters of 100kW+ per rack into an isolated virtual testing sandbox at any time for simulation drills. This enables the facility to continually evaluate power and cooling capacity margins without disrupting existing active compute tasks, providing data support for the future generational evolution of the cluster.

Engineering Vision: Enhancing Lifecycle Reliability through Software-Defined Engineering

As the AI compute industry transitions to high-density chip architectures, engineering standards for data center thermal management and power distribution are becoming increasingly rigorous. The integration of CFD simulation and Digital Twin technology reflects a broader shift in intelligent computing center construction towards a “data-driven” and “highly predictable” direction.

Dr. Tingjun Yang, Chief Executive Officer of 3 E Network, stated: “In the Mikkeli project, we are not only building robust physical infrastructure but also establishing a predictive digital management system designed to support the facility throughout its lifespan. By integrating multi-physics computation and spatial virtualization technologies across design, deployment, and operations, we use software-defined engineering to continuously evaluate and mitigate physical risks. This reflects 3 E Network’s prudent approach to capital-intensive investments and is intended to support the long-term reliability of high-value AI compute clusters hosted at the facility. We will continue to apply high engineering standards in developing intelligent computing center solutions designed to balance operational stability with energy efficiency.”

About 3 E Network Technology Group Limited
3 E Network Technology Group Limited is a business-to-business (“B2B”) information technology (“IT”) business solutions provider committed to becoming a next-generation artificial intelligence (“AI”) infrastructure solutions provider. It upholds the industry consensus of “AI and energy symbiosis” and has a strong vision in the field of energy investment. The Company’s business comprises two main portfolios: the data center operation services portfolio and the software development portfolio. For more information, please visit the Company’s website at https://3emask.com/.

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect the Company’s future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

3 E Network Technology Group Limited
Investor Relations Department
Email: ird@3emask.com
Website: https://3emask.com/

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

(a)   Full name of discloser:	Man Group PLC
(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):         The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offeree	Gamma Communications plc
(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e)   Date position held/dealing undertaken:         For an opening position disclosure, state the latest practicable date prior to the disclosure	11/09/2026
(f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	NO

2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	0.25p ordinary
	Interests		Short positions
	Number	%	Number	%
(1)   Relevant securities owned and/or controlled:	36,366	0.04
(2)   Cash-settled derivatives:	721,683	0.80
(3)   Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	758,049	0.85

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)      Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
0.25p ordinary	Sale	6,051	11.3199 GBP
0.25p ordinary	Sale	1,215	11.3199 GBP
0.25p ordinary	Sale	1,760	11.3199 GBP
0.25p ordinary	Sale	11,925	11.3199 GBP
0.25p ordinary	Sale	7,447	11.3199 GBP
0.25p ordinary	Sale	5,194	11.3199 GBP
0.25p ordinary	Sale	18,408	11.3199 GBP
0.25p ordinary	Sale	4,517	11.3199 GBP
0.25p ordinary	Sale	13,225	11.3199 GBP

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
0.25p ordinary	Equity swap	Increasing a long position	12,167	11.4767 GBP
0.25p ordinary	Equity swap	Increasing a long position	8,902	11.1926 GBP
0.25p ordinary	Equity swap	Increasing a long position	86,266	11.3471 GBP
0.25p ordinary	Equity swap	Reducing a long position	1,173	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	8,892	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	23,759	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	134,249	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	79,465	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	232	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	198	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	19,302	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	7,389	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	11,891	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	11,438	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	14,435	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	823	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	633	11.3199 GBP
0.25p ordinary	Equity swap	Reducing a long position	1,601	11.3199 GBP

        
(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

Price per unit (if applicable)

4.        OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)   the voting rights of any relevant securities under any option; or (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	14/09/2026
Contact name:	Tom Howarth
Telephone number:	+44 20 7144 7249

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

(a)   Full name of discloser:	Man Group PLC
(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):         The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offeree	Senior Plc
(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e)   Date position held/dealing undertaken:         For an opening position disclosure, state the latest practicable date prior to the disclosure	11/09/2026
(f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	NO

2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	10p ordinary
	Interests		Short positions
	Number	%	Number	%
(1)   Relevant securities owned and/or controlled:
(2)   Cash-settled derivatives:	10,549,896	2.51
(3)   Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	10,549,896	2.51

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)      Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
10p ordinary	Equity Swap	Increasing a long position	2,003	2.9490 GBP
10p ordinary	Equity Swap	Increasing a long position	1,274	2.9478 GBP

(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

Price per unit (if applicable)

4.        OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)   the voting rights of any relevant securities under any option; or (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	14/09/2026
Contact name:	Tom Howarth
Telephone number:	+44 20 7144 7249

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Atlanta, GA, Sept. 14, 2026 (GLOBE NEWSWIRE) — Piedmont Realty Trust, Inc. (NYSE: PDM) (“Piedmont”) today announced that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), intends to offer, subject to market and other conditions, $200,000,000 aggregate principal amount of exchangeable senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Piedmont will fully and unconditionally guarantee the notes on a senior, unsecured basis. The Operating Partnership also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $30,000,000 aggregate principal amount of notes.

The notes will be senior, unsecured obligations of the Operating Partnership, will accrue interest payable semi-annually in arrears and will mature on February 1, 2031, unless earlier repurchased, redeemed or exchanged. Noteholders will have the right to exchange their notes in certain circumstances and during specified periods. The Operating Partnership will settle exchanges by paying or delivering, as applicable, cash or a combination of cash and shares of Piedmont’s common stock, at the Operating Partnership’s election.

The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at the Operating Partnership’s option at any time, and from time to time, on or after August 6, 2029 and on or before the 60th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Piedmont’s common stock exceeds 130% of the exchange price for a specified period of time and certain other conditions are satisfied. In addition, the notes will be redeemable, in whole or in part (subject to certain limitations), at the Operating Partnership’s option at any time to the extent necessary to preserve Piedmont’s status as a real estate investment trust for U.S. federal income tax purposes, so long as certain conditions are satisfied. The Operating Partnership may also redeem the notes, in whole but not in part, at any time on or before the 60th scheduled trading day immediately before the maturity date, if certain conditions are satisfied and if the aggregate principal amount of notes that remains outstanding at such time is less than 10% of the aggregate principal amount of notes initially issued in connection with the offering. In each case, the redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

If certain corporate events that constitute a “fundamental change” occur, then, subject to a limited exception, noteholders may require the Operating Partnership to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date.

The notes will be entitled to the benefits of a registration rights agreement pursuant to which Piedmont will agree to register, under the Securities Act, the resale of the shares of Piedmont’s common stock, if any, issuable upon exchange of the notes within specified time periods and subject to certain limitations.

The interest rate, initial exchange rate and other terms of the notes will be determined at the pricing of the offering.

The Operating Partnership intends to use a portion of the net proceeds from this offering, together with the net proceeds from the settlement of certain forward sale transactions entered into under Piedmont’s at-the-market equity program, cash on hand and borrowings under its line of credit, to redeem all of its outstanding 9.250% senior notes due 2028 (the “2028 notes”) and pay the applicable make-whole premium and accrued and unpaid interest with respect thereto. If the initial purchasers exercise their option to purchase additional notes, the Operating Partnership will use the additional proceeds to redeem its outstanding 2028 notes and proportionally decrease the borrowings under its line of credit used to redeem the outstanding 2028 notes.

The Operating Partnership expects to use up to approximately $50 million of the net proceeds from the offering to repurchase shares of Piedmont’s common stock from certain purchasers of the notes in privately negotiated transactions effected through one of the initial purchasers or its affiliate concurrently with the pricing of the notes (the “concurrent share repurchase”). The price per share of Piedmont’s common stock repurchased in the concurrent share repurchase is expected to equal the last reported sale price per share of Piedmont’s common stock on the New York Stock Exchange as of the date of the pricing of the notes. This concurrent share repurchase could increase (or reduce the size of any decrease in) the market price of Piedmont’s common stock prior to, concurrently with or shortly after the pricing of the notes, and could result in a higher effective exchange price for the notes. The Operating Partnership cannot predict the magnitude of such market activity or the overall effect it will have on the market price of the notes and/or the market price of Piedmont’s common stock.

The offer and sale of the notes, the guarantee and any shares of Piedmont’s common stock issuable upon exchange of the notes have not been registered under the Securities Act or any other securities laws, and the notes, the guarantee and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. Although the Operating Partnership and Piedmont intend to enter into a registration rights agreement pursuant to which Piedmont will agree to register, under the Securities Act, the resale of the shares of Piedmont’s common stock, if any, issuable upon exchange of the notes, the registration rights agreement will contain significant limitations, and a resale registration statement may not be available at the time investors wish to resell the shares of Piedmont’s common stock, if any, issuable upon exchange of their notes. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any shares of Piedmont’s common stock issuable upon exchange of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.

About Piedmont Realty Trust

Piedmont Realty Trust™ (NYSE: PDM) is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of approximately 16 MM SF of Class A properties across major U.S. Sunbelt markets, Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into premier “Piedmont PLACEs” that enhance each client’s workplace experience.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Piedmont intends for all such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act, as applicable. Such information is subject to certain known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. Therefore, such statements are not intended to be a guarantee of Piedmont’s performance in future periods. Such forward-looking statements can generally be identified by Piedmont’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue” or similar words or phrases that indicate predictions of future events or trends or that do not relate solely to historical matters, and include statements regarding whether the Operating Partnership will offer and issue the notes and the terms of the notes; the terms of the concurrent share repurchase; the intended use of the net proceeds from the offering; and the Operating Partnership’s expectations in respect of granting the initial purchasers an option to purchase additional notes. These statements are based on beliefs and assumptions of Piedmont’s management, which in turn are based on information available at the time the statements are made.

The following are some of the factors that could cause Piedmont’s actual results and its expectations to differ materially from those described in Piedmont’s forward-looking statements: economic, regulatory, socio-economic, technological (e.g., artificial intelligence and machine learning, virtual meeting platforms, etc.), and other changes that impact the real estate market generally, the office sector or the patterns of use of commercial office space in general, or the markets where we primarily operate or have high concentrations of revenue; the impact of competition on our efforts to renew existing leases or re-let space on terms similar to existing leases; lease terminations, lease defaults, lease contractions, or changes in the financial condition of our tenants, particularly by one of our large tenants; impairment charges on our long-lived assets or goodwill resulting therefrom; the success of our real estate strategies and investment objectives, including our ability to implement successful redevelopment and development strategies or identify and consummate suitable acquisitions and divestitures; the illiquidity of real estate investments, including economic changes, such as fluctuating interest rates, costs of construction, improvements and redevelopments, and available financing, which could impact the number of buyers/sellers of our target properties, and regulatory restrictions to which real estate investment trusts (“REITs”) are subject and the resulting impediment on our ability to quickly respond to adverse changes in the performance of our properties; the risks and uncertainties associated with our acquisition and disposition of properties, many of which risks and uncertainties may not be known at the time of acquisition or disposition; development and construction delays, including the potential of supply chain disruptions, and resultant increased costs and risks; future acts of terrorism, civil unrest, or armed hostilities in any of the major metropolitan areas in which we own properties; risks related to the occurrence of cybersecurity incidents, including cybersecurity incidents against us or any of our properties, vendors, or tenants, or a deficiency in our identification, assessment or management of cybersecurity threats impacting our operations and the public’s reaction to reported cybersecurity incidents, including the reputational impact on our business and value of our common stock; costs of complying with governmental laws, regulations and policies, including environmental standards imposed on office building owners; uninsured losses or losses in excess of our insurance coverage, and our inability to obtain adequate insurance coverage at a reasonable cost; additional risks and costs associated with directly managing properties occupied by government tenants, such as potential changes in the political environment, a reduction in federal or state funding of our governmental tenants, government layoffs or an increased risk of default by government tenants during periods in which state or federal governments are shut down or on furlough; significant price and volume fluctuations in the public markets, including on the exchange on which we listed our common stock; risks associated with incurring mortgage and other indebtedness, including changing capital reserve requirements on our lenders and rising interest rates for new debt financings; a downgrade in our credit ratings, the credit ratings of the Operating Partnership or the credit ratings of our or the Operating Partnership’s unsecured debt securities, which could, among other effects, trigger an increase in the stated rate of one or more of our unsecured debt instruments; the effect of future offerings of debt or equity securities on the value of our common stock; additional risks and costs associated with adverse U.S. global and economic conditions, inflation and potential increases in the rate of inflation, including the impact of a possible recession, uncertainty and volatility in financial markets, and any changes in governmental rules, regulations, and fiscal policies; uncertainties associated with environmental and regulatory matters; changes in the financial condition of our tenants directly or indirectly resulting from geopolitical developments that could negatively affect important supply chains and international trade, the termination or threatened termination of existing international trade agreements, or the implementation of tariffs or retaliatory tariffs on imported or exported goods; the effect of any litigation to which we are, or may become, subject; additional risks and costs associated with owning properties occupied by tenants in particular industries, such as oil and gas, hospitality, travel, co-working, etc., including risks of default during start-up and during economic downturns; changes in tax laws impacting REITs and real estate in general, as well as our ability to continue to qualify as a REIT under the Internal Revenue Code of 1986, as amended, or other tax law changes which may adversely affect our stockholders; the future effectiveness of our internal controls and procedures; and other factors, including the risk factors discussed under Item 1A. of our Annual Report on Form 10-K for the year ended December 31, 2025.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Piedmont cannot guarantee the accuracy of any such forward-looking statements contained in this press release, and Piedmont does not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Research Analysts/ Institutional Investors Contact:
770-418-8592
investor.relations@piedmontreit.com

#FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

(a)   Full name of discloser:	Man Group PLC
(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):         The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offeree	Rotork Plc
(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e)   Date position held/dealing undertaken:         For an opening position disclosure, state the latest practicable date prior to the disclosure	11/09/2026
(f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	NO

2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	0.5p ordinary
	Interests		Short positions
	Number	%		Number	%
(1)   Relevant securities owned and/or controlled:
(2)   Cash-settled derivatives:	15,050,386	1.84		11,271	0.00
(3)   Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	15,050,386	1.84		11,271	0.00

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)      Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
0.5p ordinary	Equity swap	Reducing a long position	1,686	4.8420 GBP
0.5p ordinary	Equity swap	Reducing a long position	1,647	4.8433 GBP
0.5p ordinary	Equity swap	Reducing a long position	1,693	4.8427 GBP

(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

Price per unit (if applicable)

4.        OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)   the voting rights of any relevant securities under any option; or (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	14/09/2026
Contact name:	Tom Howarth
Telephone number:	+44 20 7144 7249

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Vilnius, Lithuania, Sept. 14, 2026 (GLOBE NEWSWIRE) —

Corrected Lithuanian language version of the announcement “Notice regarding the offering of EUR 19,000,000 2nd tranche of SUTNTIB AB Tewox bonds” published on 14 September 2026. In the original announcement, the English text was mistakenly inserted into the Lithuanian version. No changes have been made to the English text.

The full corrected announcement is provided below:

SUTNTIB AB Tewox, legal entity code 305733600, with its registered office at Jogailos g. 4, Vilnius, Republic of Lithuania (the Issuer).

The Issuer announces that, pursuant to the Issuer’s Base Prospectus approved by the Bank of Lithuania on 13 July 2026 (the Prospectus) and the approved Final Terms of the second tranche of the Issuer’s bonds (ISIN LT0000138281) (the Final Terms), the offering of the bonds under the Final Terms in the amount of up to EUR 19 million (subject to increase as provided for in the Final Terms) will be carried out in the Republic of Lithuania, the Republic of Latvia, and the Republic of Estonia from 14 September 2026 under the following main terms (other terms applicable to the offering are detailed in the Final Terms and the Prospectus):

• Nominal Value of a Bond – EUR 1,000;
• Issue Price of a Bond – EUR 1,008.99274 (with accrued interest);
• Final Maturity Date – 21 February 2029;
• Interest Rate – 8.00% (fixed) annually;
• Yield – 8.00% annually;
• Subscription channels – subscription by way of Nasdaq Auction through the Exchange Members (list https://nasdaqbaltic.com/statistics/lt/members);
• Subscription Period – 14 September 2026 – 29 September 2026;
• Exchange – the investors have an opportunity to exchange their bonds (ISIN LT0000409567) for the bonds of the new bond issue (ISIN LT0000138281) on a 1-to-1 basis through Nasdaq CSD;
• Issue Date – 2 October 2026.

Before deciding to invest in the Bonds, each prospective investor shall read the Prospectus and Final Terms (as may be updated) with the attached relevant language summary. All aforementioned documents are attached herein and are published on the Issuer’s website at https://lordslb.lt/tewox_bonds/.

Contact person for further information:

Paulius Nevinskas
Manager of the Investment Company
paulius.nevinskas@lordslb.lt
https://lordslb.lt/tewox_bonds/

Attachments

• SUTNTIB AB TEWOX 2nd tranche final terms and summary
• Tewox Base Prospectus_13.07.2026_EXE
• 2026-09 Tewox bonds 2nd Tranche
• SUTNTIB AB TEWOX 2nd tranche summary_LV
• SUTNTIB AB TEWOX 2nd tranche summary_EE

Series	RIKV 26 1216			RIKV 27 0317
Settlement Date	09/16/2026			09/16/2026
Total Amount Allocated (MM)	16,202			26,500
All Bids Awarded At (Price / Simple interest)	97.974	/	8.181	96.020	/	8.199
Total Number of Bids Received	16			20
Total Amount of All Bids Received (MM)	18,702			33,400
Total Number of Successful Bids	13			17
Number of Bids Allocated in Full	13			17
Lowest Price / Highest Simple Interest Allocated	97.974	/	8.181	96.020	/	8.199
Highest Price / Lowest Simple Interest Allocated	98.006	/	8.049	96.095	/	8.038
Lowest Price / Highest Simple Interest Allocated in Full	97.974	/	8.181	96.020	/	8.199
Weighted Average of Successful Bids (Price/Simple Interest)	97.988	/	8.123	96.045	/	8.145
Best Bid (Price / Simple Interest)	98.006	/	8.049	96.095	/	8.038
Worst Bid (Price / Simple Interest)	97.960	/	8.238	96.001	/	8.240
Weighted Average of All Bids Received (Price / Simple Interest)	97.985	/	8.135	96.037	/	8.162
Percentage Partial Allocation (Approximate)	100.00 %			100.00 %
Bid to Cover Ratio	1.15			1.26