Macquarie increases stake in Tenora as it secures FCA authorisation as an Electronic Money Institution (EMI)

London, 28^th April 2026 – Tenora FinancialGroup Limited (Tenora), a financial technology company providing end-to-endforeign exchange (FX) risk management, has today announced two significantmilestones that mark a defining moment in its growth. Tenora's UK subsidiary,Tenora Financial Solutions Limited, has received authorisation from theFinancial Conduct Authority (FCA) as an Electronic Money Institution (EMI), while Macquarie Group, through its Commodities andGlobal Markets business (Macquarie), has increased its total shareholding inTenora to 33%, following approval from the Australian Prudential RegulationAuthority (APRA).

These developments reflect the progress Tenora has made sinceits founding and the scale of the opportunity ahead. Operating within a fullyregulated framework and with institutional backing, Tenora is accelerating itsstrategy to deliver end-to-end FX lifecycle orchestration: connectingpre-trade, trade and post-trade activity within a single, transparent, andgoverned platform.

As an authorised EMI, Tenora Financial Solutions Limited can nowissue electronic money, provide regulated payment services, safeguard clientfunds, and offer multi-currency virtual IBANs and cross-border payment services- all integrated within TruHedge, Tenora's flagship platform. For clients, thismeans that the full FX lifecycle, from exposure identification and hedgingstrategy through to execution and cross-border settlement, can be managedwithin a single regulated environment.

Harry Adams, Founder and Chief Executive Officer of Tenora, commented: "Tenora wasfounded with a mission to bring greater transparency and data-driven precisionto an industry that has historically lacked both. Our FCA authorisation as anElectronic Money Institution is a key milestone in our journey. It is areflection of our core to embed governance standards and institutionalinfrastructure in everything we do.”

“We are also delighted to strengthen our relationship withMacquarie following its decision to increase its shareholding to 33%,reflecting confidence in the business and its strategic direction. We lookforward to using this moment to accelerate our growth strategy and providecorporates with much needed choice and greater transparency in their FX riskmanagement, treasury and payments solutions."

Arturo Alonso, Senior Managing Director, MacquarieCommodities andGlobal Markets, added: "As AI reshapes how people interactwith software, businesses need strong, defensible foundations to scale securelyand competitively. Tenora’s FCA-authorised EMI licence, combined with itsAI-native technology, is distinctive in the market and provides a strongplatform for expansion. Macquarie is pleased to support the company as itenters its next phase of growth.”

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