Commencement of a share buyback programme

Brooks Macdonald Group PLC ("Brooks Macdonald" or "the Company") announces that its Board of Directors has approved the commencement of a share buyback programme in respect of its shares having an aggregate value of up to £10 million (the "Buyback Programme").

The Buyback Programme will commence immediately and expire by no later than the announcement of the full year results for the year ending 30 June 2025 expected in September 2025. The shares will be purchased in the open market and cancelled to reduce the Company's share capital.

The Board considers that acquiring shares at prices which constitute a discount to the Company's longer-term valuation multiple and fail to reflect either the Company's strengths or future prospects, is consistent with the Company's disciplined approach to capital allocation. Brooks Macdonald continues to have considerable financial flexibility to drive the execution of its growth strategy.

The repurchase of shares under the Buyback Programme will be carried out in accordance with the Company's general authority to repurchase Ordinary Shares granted at its Annual General Meeting held on 24 October 2024 which received 99.99% approval from shareholders. The Company confirms that on any given trading day the number of shares purchased under the Buyback Programme will not exceed 15,000 shares.

The Company has entered into a non-discretionary agreement with Singer Capital Markets in relation to the Buyback Programme for the period commencing today, expiring on the announcement of the Company's interim results for the six months ended 31 December 2024 on 27 February 2025 (the "Period"). During the Period, Singer Capital Markets will make trading decisions in relation to the Buyback Programme independently of the Company in accordance with certain pre-set parameters set out in the agreement with Singer Capital Markets and will therefore have the ability to trade during close periods.

THE EU MARKET ABUSE REGULATION ("EU MAR") CAME INTO EFFECT ON 3 JULY 2016 AND WAS ONSHORED INTO UK LAW ON 31 DECEMBER 2020 BY THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. CHANGES TO EU MAR WERE MADE BY THE MARKET ABUSE EXIT REGULATIONS 2019, TO MAKE SURE THAT THE ONSHORED LEGISLATION ("UK MAR") OPERATES EFFECTIVELY IN THE UK. THE EU TECHNICAL STANDARDS FOR EU MAR WERE ALSO ONSHORED INTO UK LAW ON 31 DECEMBER 2020 BY THE EU (WITHDRAWAL) ACT 2018 AND WERE AMENDED BY FCA 2019/45.

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www.brooksmacdonald.com / @BrooksMacdonald