Completion of HSBC Life (UK) Limited Acquisition

Further to its announcement on 3 July 2025 (the "Acquisition Announcement"), Chesnara plc today announces the completion of the acquisition of HSBC Life (UK) Limited.

For the purposes of UKLR 7.3.3, Chesnara confirms that there has been no material change affecting any matter contained in the Acquisition Announcement.

Steve Murray, Group Chief Executive Officer of Chesnara, commented: "We are delighted to have completed the acquisition of HSBC Life UK, our fifteenth and largest acquisition to date, and to formally welcome its customers and colleagues to Chesnara. Bringing HSBC Life UK into Chesnara increases our scale in the UK market, supports long-term cash generation and, as previously announced, enhances the Group's dividend. We also remain optimistic about our ability to undertake further value-accretive acquisitions as opportunities arise, consistent with our strategy."