Cannae Holdings, Inc. Announces Black Knight Football Club’s Acquisition of a Majority Interest in Moreirense Futebol Clube, a Portuguese Primeira Football Club

Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that Black Knight Football Club (“BKFC”) has acquired a majority ownership interest in Moreirense Futebol Clube (“Moreirense FC” or the “Club”), a Portuguese Primeira Liga football club, founded in 1939 and based in Moreira de Cónegos, Portugal.

The investment in Moreirense FC advances BKFC’s multi-club ownership strategy of building a global network of world-class football clubs, players, and real estate assets that will produce operational synergies, accelerate player development, and enable efficient player migration across BKFC’s network of owned and operated clubs while driving strong on-field and financial results. BKFC’s clubs today include 100% ownership of AFC Bournemouth, an English Premier League club, a significant minority investment in FC Lorient, a French Ligue 1 club, and a minority stake in Hibernian FC, a Scottish Premiership football club.

By adding Moreirense FC, BKFC enters Portugal, which is the 7^th best league in Europe based on 2024-25 UEFA coefficient rankings and is known for its elite domestic talent and strong track record of developing world-class players. In addition to domestic talent, Portugal is an attractive destination for the best South American players (and especially Brazilian players) because it gives players time to adapt to European competition in a Portuguese-speaking market. Portugal also has no limit on non-EU players, which makes it a natural destination for South American players.

“We’re proud to announce our strategic investment in Moreirense FC,” said William P. Foley, II, BKFC’s general partner and Cannae’s Vice Chairman. “This partnership marks an important step forward for both Moreirense FC and BKFC, as we will work together to drive long-term success for the Club and the community. By investing in player development and infrastructure, we believe we can both elevate the club and contribute to the continued growth of Portuguese football. We look forward to working with Vitor Magalhães and the entire Moreirense team.”

Moreirense FC is a competitive presence in the Primeira Liga, Portugal's top football league. Moreirense finished the 2023-24 season in 6^th place and finished the 2024/25 season in 10^th place (out of 18 teams). The Club plays its home games at Parque de Jogos Comendador Joaquim de Almeida Freitas and hosts a strong academy.

Forward-Looking Statements and Risk Factors

This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding our expectations, hopes, beliefs, plans, intentions, or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management, including statements about the completion of the D&B and JANA transactions, our buyback program, the impact of our actions on shareholder value and net asset value and our ability to implement our plans. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Except as required by applicable law, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.