Form 8.3 - Alphawave - Dealing position | Company Announcement

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(a) Full name of discloser:	Advent Capital Management, LLC
(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	Alphawave IP Group 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	27 October 2025
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"	No

Class of relevant security:	Senior unsecured convertible bond (XS2962835257)
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	3,000,000	2.0
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	3,000,000	2.0

Class of relevant security:	1p ordinary (GB00BNDRMJ14)
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:
(2) Cash-settled derivatives:			1,109,737	0.14
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:

Class of relevant security	Purchase/sale	Number of securities	Price per unit
1p ordinary (GB00BNDRMJ14)	Purchase	100,000	USD 2.59934

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

Form 8.3 - Alphawave - Dealing position

Date of disclosure:

Contact name:

Telephone number*:

Companies

UK 100

Latest directors dealings

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

Date of disclosure:	28^th October 2025
Contact name:	Tim Doolan
Telephone number*:	020 3357 9995