For immediate release

22 February 2024

RWS Holdings plc
AGM Statement
RWS Holdings plc ("RWS", “the Group” or "the Company"), a unique world-leading provider oftechnology-enabled language, content and intellectual property services, is today holding its
Annual General Meeting at which Julie Southern, Chairman, will make the following remarks:“The Company made positive progress in delivering its medium-term strategy during FY23,
particularly in respect of its client wins, traction with technology and growth initiatives, as well aswith regards to its transformation programme, drive for further efficiencies and portfolio
expansion. The Group continued to demonstrate considerable resilience against a backdrop of
global uncertainty with increasing dividends and returning excess capital to shareholders
through a share repurchase programme, as well as continuing to invest in the business,organically and through acquisitions.
Current trading and outlook“The full year outlook remains in line with the Board's expectations. Whilst we remain mindful ofthe macroeconomic environment and the continuing market pressures seen in the prior year,
client retention and satisfaction remain high, our growth initiatives are contributing incremental
revenue and we continue to make progress with transforming the Group into a scalable platform
to support growth and profitability.
“We continue to see clear opportunities for the Group to strengthen leadership in its markets,
and we remain well-placed to succeed through the wide range of technology-enabled services
that we offer in our fast-moving markets. In January we successfully completed the beta
programme for Evolve (our groundbreaking linguistic AI solution which offers significant
efficiency gains for global enterprises with substantial translation demands) and are alreadybeginning to see some early wins with enterprise-level clients, helping them safely harness thebenefits of AI.
“The Group remains cash generative and has a strong balance sheet. We are leaders in themajority of markets that we serve and are confident of the opportunities for growth, underpinnedby the long-term structural drivers of demand for our products and services, and our unique
combination of human expertise and technology. With our global scale and reach and diverse
portfolio of solutions, clients and end markets, we are confident in the prospects of the Group.”
Board appointments
As previously announced Lara Boro, Senior Independent Director, will step down as a Nonexecutive Director of the Company at the Annual General Meeting after 6 years on theBoard. The Company will announce the appointment of Lara's successor as Senior
Independent Director in due course. Following the appointment of Paul Abbott and Graham
Cooke as independent Non-executive Directors with effect from 1 January 2024, the Board has
agreed that Paul will join the Remuneration Committee and Graham will join the Audit
Committee in addition to their membership of the Nomination Committee.

For further information, please visit: www.rws.com.
RWS Holdings plc
Julie Southern, Chairman
Ian El-Mokadem, Chief Executive Officer
Candida Davies, Chief Financial Officer

01753 480200

MHP (Financial PR advisor)
Katie Hunt / Eleni Menikou / Catherine Chapman

rws@mhpgroup.com
020 3128 8100
07884 494112

Deutsche Numis (Nomad & Joint Broker)
Stuart Skinner / Will Baunton

020 7260 1000

Berenberg (Joint Broker)
Ben Wright / Toby Flaux / Milo Bonser

020 3207 7800

About RWS
RWS Holdings plc is a unique, world-leading provider of technology-enabled language, content
and intellectual property solutions. Through content transformation and multilingual data
analysis, our combination of AI-enabled technology and human expertise helps our clients togrow by ensuring they are understood anywhere, in any language.
Our purpose is unlocking global understanding. By combining cultural understanding, client
understanding and technical understanding, our services and technology assist our clients toacquire and retain customers, deliver engaging user experiences, maintain compliance and gain
actionable insights into their data and content.
Over the past 20 years we’ve been evolving our own AI solutions as well as helping clients toexplore, build and use multilingual AI applications. With 45+ AI-related patents and more than
100 peer-reviewed papers, we have the experience and expertise to support clients on their AIjourney.
We work with over 80% of the world’s top 100 brands, more than three-quarters of Fortune’s 20‘Most Admired Companies’ and almost all of the top pharmaceutical companies, investmentbanks, law firms and patent filers. Our client base spans Europe, Asia Pacific, Africa and Northand South America. Our 65+ global locations across five continents service clients in theautomotive, chemical, financial, legal, medical, pharmaceutical, technology andtelecommunications sectors.
Founded in 1958, RWS is headquartered in the UK and publicly listed on AIM, the London Stock
Exchange regulated market (RWS.L).