Share Buyback Programme

As announced on 26 February 2026, as part of the Company's results for the year ended 31 December 2025, Jupiter is pleased to announce the commencement of a share buyback programme (the "2026 Buyback Programme") to purchase a maximum aggregate market value equivalent of the lower of £30m or 3% of issued share capital (excluding any associated costs and stamp duty), which will be bought back in the form of ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares").

The 2026 Buyback Programme will commence on 8 April 2026 and is expected to be completed by no later than 8 October 2026. The sole purpose of the 2026 Buyback Programme is to reduce the Company's share capital. The Company intends to cancel any Ordinary Shares purchased.

The Company has entered into a non-discretionary agreement with Deutsche Bank AG, London Branch ("Deutsche Bank") to conduct the 2026 Buyback Programme on its behalf and carry out on-market purchases of Ordinary Shares, acting as riskless principal.

Deutsche Bank will make trading decisions in relation to the 2026 Buyback Programme independently of the Company. During any closed periods, the Company and its Directors will have no power to invoke any changes to the 2026 Buyback Programme, and it will be executed at the sole discretion of Deutsche Bank.

Any purchases of Ordinary Shares under the 2026 Buyback Programme will be carried out on the London Stock Exchange in accordance with (and subject to the limits prescribed by) the Company's general authority to repurchase Ordinary Shares granted by its shareholders at the annual general meeting on 8 May 2025 ("2025 Authority"). The maximum aggregate number of Ordinary Shares which may be repurchased under the 2025 Authority is 16,314,181.

The 2026 Buyback Programme will also be effected within the parameters of the Market Abuse Regulation 596/2014/EU, as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019 ("UK MAR") and the Commission Delegated Regulation 2016/1052/EU, as amended by Technical Standards (Market Abuse Regulation) (EU Exit) Instrument 2019, which both form part of the law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, and in accordance with the FCA Listing Rules.

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