Response to press speculation

The Board of Gamma notes the recent press speculation and confirms that Waterland Private Equity Investments B.V. ("Waterland") is amongst the parties in discussions with the Company regarding a possible offer for the entire issued and to be issued share capital of Gamma. These discussions remain at a preliminary stage. The Giacom Group ("Giacom") is acting in concert with Waterland in connection with the possible acquisition, whereby Giacom will acquire certain business divisions of Gamma.

Discussions between the Company and other potential offerors remain ongoing. 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, Waterland must, by not later than 5.00 pm (London time) on 18 September 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 it does 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