Share buyback tranche of up to €20 million

Glenveagh Properties plc ("Glenveagh" or the "Group") announced on 22 May 2025 that the share buyback programme initially announced on 06 September 2024 had been expanded to €85 million.

To date, the Group has returned €65 million to shareholders, with 40,962,026 ordinary shares of €0.001 each (the "Shares") repurchased and cancelled.

Effective immediately, the Group has entered into arrangements with Jefferies International Limited ("Jefferies") to execute the remaining €20 million of the expanded €85 million share repurchase programme pursuant to which Jefferies will repurchase Shares on Glenveagh's behalf (the "Buyback").

The purpose of the Buyback is to reduce the share capital of Glenveagh and it will be conducted in accordance with (and within the parameters prescribed by) the Company's general authority to repurchase Shares as approved by shareholders at Glenveagh's AGM on 22 May 2025 (and as such authority may be renewed and/or amended). All Shares repurchased will be cancelled.

The Buyback will commence on 27 June 2025 and may continue until 29 December 2025 subject to market conditions, the ongoing capital requirements of the business and in accordance with the Group's capital allocation strategy. Under the terms of the Buyback, the Shares will be repurchased on Euronext Dublin, and will be subsequently cancelled.

Glenveagh has entered non-discretionary instructions with Jefferies, acting as principal, to conduct the Buyback on Glenveagh's behalf and to make trading decisions under the Buyback independently of Glenveagh in accordance with certain pre-set parameters.

There is no guarantee that the Buyback will be implemented in full.