Share Repurchase Programme

Helios, the investment vehicle which builds shareholder value through exposure to Lloyd's, announces that the Board of Directors has approved a further share repurchase programme to return up to a maximum aggregate amount £1,500,000 to the Company's shareholders (the Programme").

About the Programme

• Since the first share purchase programme was initially announced on 15th August 2023, the Company has acquired 1,788,596 ordinary shares for consideration of £2.5m at an average price of £1.40.
• This Programme will be in addition to the programme initially announced on 15th August 2023 and will be financed through existing cash resources.
• The aggregate number of ordinary shares of 10 pence each ("Ordinary Shares") acquired by the Company pursuant to the share purchase programmes announced since 15 August 2023 shall not exceed the maximum number of Ordinary Shares which the Company is authorised to purchase pursuant to the authority obtained at the Company's AGM to repurchase up to a maximum 7,731,820 Ordinary Shares ("General Authority").
• The Company confirms that it currently has no unpublished inside information.
• As at 15th December 2023, the Company's total issued share capital consisted of 77,945,833 Ordinary Shares, with one voting right per share. The Company holds 2,197,765 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company was 75,748,068.