Response to statement by Apollo

The Board of Bodycote plc ("Bodycote") notes the statement by Apollo Management X, L.P. (together with Apollo Global Management, Inc. and its subsidiaries ("Apollo")), on behalf of certain of its managed investment funds, that it does not intend to make a firm offer for Bodycote and that it is consequently bound by the restrictions under Rule 2.8 of the City Code on Takeovers and Mergers (the "Code").

The Board of Bodycote has strong confidence in Bodycote's potential and its strategy to create a high-performing, resilient business with attractive growth prospects. Bodycote continues to execute well on the group's Optimise, Perform and Grow initiatives, with a positive start to 2026 trading as set out in the AGM trading update of 27 May 2026.

As a result of the announcement by Apollo, Bodycote is no longer in an offer period for the purposes of the Code.

Barclays Bank PLC, Goldman Sachs International and Jefferies are acting as financial advisers to Bodycote.

Disclaimers

In accordance with the Code, normal United Kingdom market practice and Rule 14e-5(b) of the Securities Exchange Act 1934 of the United States, Barclays and its affiliates will continue to act as exempt principal trader in Bodycote securities on the London Stock Exchange. These purchases and activities by exempt principal traders which are required to be made public in the United Kingdom pursuant to the Code will be reported to a Regulatory Information Service and will be available on the London Stock Exchange website at www.londonstockexchange.com. This information will also be publicly disclosed in the United States to the extent that such information is made public in the United Kingdom.

Additional Information