Swvl Holdings Corp. (NasdaqGM:SWVL) announced an update to the previously disclosed strategic review process to explore and evaluate potential strategic alternatives that may be available to the Company. The special committee comprised of independent directors of the Company's Board of Directors has received indications of interest for potential strategic alternatives which are under evaluation.

The Company has not set a timetable for completion of the review process and does not intend to comment further with respect to the strategic review process unless and until it determines that additional disclosure is appropriate in the circumstances and in accordance with applicable securities laws. While the Company intends to evaluate all options fairly to maximize value for shareholders and other stakeholders, there can be no assurance that the strategic review process will result in any transaction, or if a transaction is undertaken, as to its terms or timing.