Rule 2.8 Announcement

Further to the announcement on 22 May 2026 by Bodycote plc ("Bodycote") that it was in receipt of a conditional proposal from Apollo Management X, L.P. (together with Apollo Global Management, Inc. and its subsidiaries ("Apollo")), on behalf of certain of its managed investment funds, Apollo confirms that it does not intend to make a firm offer for Bodycote.

Accordingly, except with the consent of the Panel on Takeovers and Mergers (the "Panel"), Apollo, and any person acting in concert with Apollo, is bound by the restrictions under Rule 2.8 of the Code.

Apollo continues to hold Bodycote and its management team in high regard, is appreciative of the discussions with them and Bodycote's board of directors, and would like to thank them for their time and consideration of the proposal.

Under Note 2 on Rule 2.8 of the Code, Apollo, on behalf of its managed funds, and any person acting in concert with Apollo, reserves the right to set aside the restrictions in Rule 2.8 of the Code and announce an offer or possible offer for Bodycote, or make or participate in an offer or possible offer for Bodycote, and/or take any other action otherwise precluded under Rule 2.8 of the Code within six months of the date of this announcement in the following circumstances:

• with the agreement or recommendation of the board of Bodycote;
• following the announcement of a firm intention to make an offer for Bodycote, by or on behalf of a third party;
• following the announcement by Bodycote of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); or
• if there has been a material change of circumstances (as determined by the Panel).

Apollo, on behalf of its managed funds, also reserves the right to acquire shares of Bodycote, subject to, and in accordance with, the Code and other applicable regulations.