ZIGUP plc

("ZIGUP" or the "Group" or the "Company")

24 September 2024

AGM Statement

New vehicle supply greatly improved, outlook unchanged

ZIGUP plc (LSE:ZIG), the leading integrated mobility solutions platform
providing services across the vehicle lifecycle, will hold its Annual General
Meeting at10.30 a.m.today at the offices of Bryan Cave Leighton Paisner LLP,
Governor's House, 5 Laurence Pountney Hill,London, EC4R 0BR.

At the meeting the following statement will be made:

With new vehicle supply greatly improved in recent months we are progressing
well with our plans for both fleet replacement and satisfying healthy demand for
LCVs, resulting in continued de-ageing of our fleets across our geographies. As
expected, used markets are seeing normalising LCV residual values as older
vehicles are replaced.

Greater opportunities in supply will result in higher fleet capex this year
which, as highlighted in July, is aligned with our plans and business model of
delivering profitable growth, attractive cash generation and strong returns on
investment well above the Group's cost of capital. Leverage remains in line with
our target range of 1-2x, and our balance sheet is further supported by £1.4bn
of fleet assets.

Our broader macro environments remain supportive, with supply chains normalising
and inflation starting to ease, which is reducing both customer vehicle repair
and replacement hire timeframes.

We are focused on progressing with our strategic pillars of Enable, Deliver,
Grow, investing in infrastructure capacity including opening two new locations
in Spain and the UK&I alongside technology infrastructure as part of our
continuous programme to deliver an excellent customer experience.

The Board remains confident of the Group`s long term growth strategy and
prospects and our outlook for the year remains unchanged.

Spanish CME

Our Spanish rental business is being showcased at a Capital Markets Event taking
place in Madrid on Thursday 26 September, where the market outlook remains very
attractive.

Shareholder returns
Shareholders are being asked today to approve a final dividend of17.5 penceper
share, which will be paid on27 September 2024, to those shareholders who were on
the register at close of business on 30 August 2024. This dividend, if approved,
will result in a total ordinary dividend payable in respect of the year ended30
April 2024of25.8 penceper share.

Interim results and Sustainability Report
The Group's next scheduled trading update will be its interim results for the
six months ended31 October 2024 expected on 4December 2024.  The Group has also
recently published its Sustainability Progress Report, which sets out our
progress over the past year, our reporting framework and commitments, together
with progress made in the year and plans for FY 2025.

-Ends-

For further information contact:

Ross Hawley, Head of Investor Relations+44 (0) 204 566 7090

Buchanan

Chris Lane/Jamie Hooper/ Verity Parker +44 (0) 207 466 5000

Notes to Editors:

Notes to Editors:

ZIGUP is the leading integrated mobility solutions provider, with a platform
providing services across the vehicle lifecycle to help people keep on the move,
smarter. The Group offers mobility solutions to businesses, fleet operators,
insurers, OEMs and other customers across a broad range of areas from vehicle
rental and fleet management to accident management, vehicle repairs, service and
maintenance.

The mobility landscape is changing, becoming ever more connected and ZIGUP uses
its knowledge and expertise to guide customers through the transformation,
whether that is more digitally connected solutions or supporting the transition
to lower carbon mobility through providing EVs, charging solutions and
consultancy.

The Group's core purpose is to keep its customers mobile, smarter - through
meeting their regular mobility needs or by servicing and supporting them when
unforeseen events occur. With our considerable scale and reach, ZIGUP's mission
is to offer an imaginative, market-leading customer proposition and drive
enhanced returns for shareholders by creating value through sustainable
compounding growth. The Group seeks to achieve this through the delivery of its
new strategic framework of Enable, Deliver and Grow.

ZIGUP supports its customers through a network and diversified fleet of
approximately 130,000 owned and leased vehicles, supporting over 900,000 managed
vehicles, with over 180 branches across the UK, Ireland and Spain and a
specialist team of over 7,500 employees. We are a trusted partner to many of the
leading insurance and leasing companies, blue chip corporates and a broad range
of businesses across a diverse range of sectors. Our strength comes not only
from our breadth of our award-winning solutions, but from our extensive network
reach, our wealth of experience and continual focus on delivering an exceptional
customer experience. Further information regarding ZIGUP plc can be found on the
Company's website: www.zigup.com.


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