Proposed Secondary Placing in Glenveagh Properties

Teleios Capital Partners LLC (TCP), acting through Teleios Global Opportunities Master Fund, Ltd. (the "Seller"), announces the Seller's intention to sell up to 12 million ordinary shares of Glenveagh Properties plc ("Glenveagh" or the "Company"), through a placing of ordinary shares ("Placing Shares"), to eligible institutional investors (the "Placing").

The Seller currently owns 85,515,525 ordinary shares, corresponding to approximately 16.6% of Glenveagh's entire issued share capital.

The price per Placing Share will be determined by way of an accelerated bookbuilding process to institutional investors. The Placing is subject to demand, price and prevailing market conditions. The Seller reserves the right to sell additional Placing Shares subject to demand. The bookbuilding period will commence with immediate effect following this announcement and may close at any time on short notice. The results of the Placing will be announced as soon as practicable after the closing of the bookbuilding process.

In the context of the Placing, any of the ordinary shares in Glenveagh held by the Seller which are not sold in the Placing will be subject to a 90-day lock-up undertaking (subject to certain customary exceptions).

J&E Davy ("Davy") has been appointed by the Seller as sole bookrunner in connection with the Placing (the "Bookrunner").

Glenveagh has confirmed that, in line with existing shareholder authorities and the terms of its current buyback programme announced to its shareholders on 15 January 2026, it wishes to participate in the placing by its intention to place an order for approximately €10m in value of the Placing Shares. Glenveagh has confirmed that any shares so acquired by it will be cancelled.