PRESS RELEASE

We are pleased to announce that as of 22^nd October 2025, URA Ventures Limited trading as GKL Leasing has acquired Total Motion Limited (TML). This will be in the form of a partnership between 2 successful family businesses with both benefiting from the best practices of each and the added strength of the whole. Both businesses will continue to focus upon customer relationships and further improving our offer and service.

Overseen by the Financial Conduct Authority who authorise both companies in respect of regulated activities, the merger takes the form of GKL Leasing acquiring 100% of the shares in TML.

TML was founded by Simon and Caroline Hill in 2003 and grew rapidly into a dynamic and well respected business, more recently including the Pink Car Leasing brand.
GKL directors regard the current TML management as outstanding and are delighted that both Claire Timms and Fraser Hill will continue to manage the business and maintain old and new customer relationships.
James and Anthony Kenning, the ultimate beneficial owners of GKL Leasing are the fifth generation of a line of business that was started as long ago as 1878, notably built anew by Richard Kenning since 1987.
Richard Kenning remains on the Board of GKL Leasing as Non-Executive Chairman. Richard and the Directors would like to take this opportunity to recognise the great contribution made by their 3 senior managers who have been with the business for many years, Simon Blake ACA, John Stevenson and Tim Norton.
For the initial period the combined businesses will ultimately be managed by Robert Sayers FCA and long standing director of GKL Leasing, as Interim Group Managing Director, with close support from the Board of Directors.

We believe that the transaction is a great opportunity for both businesses and for their staff and customers.