Share buyback programme

Gamma Communications plc ("Gamma" or the "Company"), a leading European provider of business-critical communications technology, announces that, from today, it has appointed Investec Bank plc ("Investec") to manage a share buyback programme to purchase ordinary shares of 0.25 pence each in the Company ("Shares") for an aggregate purchase of up to £42.5m (the "Programme"), within certain pre-set parameters. The existing buy-back authority was conferred by shareholders at the Company's last annual general meeting on 15 May 2025 (the "2025 AGM"). This authority is due to expire at the Company's next AGM and a resolution will be proposed at the forthcoming AGM (the "2026 AGM") to refresh this authority. The Company has authorised the Programme to continue until the earlier of: (i) the maximum aggregate consideration payable by the Company has been reached or (ii) 31 December 2026, subject to the maximum aggregate number of shares not exceeding the authority conferred by shareholders at the 2025 AGM or any renewal of such authority at the 2026 AGM. Shares acquired under the Programme will either be cancelled or held in treasury as described below.

The Programme will be conducted by the Company in accordance with and under the terms of the general authority granted to the Board by the Company's shareholders. The Programme will also be effected within the provisions of the UK version of the Market Abuse Regulation (Regulation (EU) No 596/2014) as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Share purchases will be made by Investec on the Company's behalf and, in the case of any purchases made during closed periods, shall be made independently of and uninfluenced by the Company.

Any purchases will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The purpose of the Programme is to reduce the Company's share capital (any Shares repurchased for this purpose will be cancelled) and to enable the Company to meet obligations arising from share option programmes (any Shares repurchased for this purpose will be held in treasury).

The Company will make further announcements in due course following the completion of any repurchases. There is no guarantee that the Programme will be implemented in full or that any Shares will be repurchased by the Company.