Update on lender discussions

In brief · summary, not quotable

Debt covenant waiver extended to 30 November 2026 as lender discussions continue on amended terms.

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Further to the trading update issued on 3 September 2026, the Group remains in constructive discussions with its lenders to amend its covenants and ensure that it has an appropriate level of funding and liquidity going forwards.

The Group's debt facilities are currently subject to an interest cover covenant waiver and a further extension of the waiver has been agreed with the lenders until 30 November 2026.