Response to Speculation

The Board of Gamma notes the recent press speculation and confirms that Providence Equity Partners L.L.C. ("Providence") are amongst the parties in discussions with the Company in the context of the announcement made by Gamma on 7 April 2026. These discussions remain at a preliminary stage.

There can be no certainty that any offer will be made for the Company nor as to the terms of any offer, if made.

In accordance with Rule 2.6(a) of the Code, Providence must, by not later than 5.00 pm (London time) on 10 June 2026, being 28 days after today's date, either announce a firm intention to make an offer for Gamma under Rule 2.7 of the Code or announce that they do not intend to make an offer for Gamma, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code.

As previously announced, the Executive of the Panel on Takeovers and Mergers has granted a dispensation from the requirements of Rules 2.4(a) and 2.4(b) of the Code such that Gamma is not required to identify in this announcement any potential offeror with which the Company is in talks, or from which an approach has been received, unless that potential offeror is specifically identified in any rumour or speculation. A further announcement will be made if and when appropriate.

Rule 2.9 information