Extension of Share Buyback Programme

Macfarlane Group PLC announces an extension to the long stop expiry date of its existing share buyback programme (the "Programme").

On 25 May 2025, the Company announced the launch of the Programme for up to a maximum amount of £4 million. Since the commencement of the Programme, the Company has repurchased 3,424,509 ordinary shares of 25 pence each (the "Ordinary Shares") in aggregate for total consideration of approximately £2.8 million. Accordingly, approximately £1.2 million remains to be deployed under the Programme. In order to allow the existing Programme to continue to completion, the Board has resolved to extend the long stop expiry date for the Programme from 29 May 2026 until the earlier of: (i) the Programme having reached its £4 million maximum amount, or (ii) close of business on 31 December 2026, unless the Company and Shore Capital Stockbrokers Limited agree otherwise (in which event an announcement would be made).

The Company has instructed Shore Capital Stockbrokers Limited to conduct the remainder of the Programme on the Company's behalf on an irrevocable and non-discretionary basis. The Programme will continue to be effected within pre-set parameters, including that the maximum price paid per Ordinary Share shall be no more than 105 per cent. of the trailing five-day average mid-market price, and in accordance with and under the terms of the general authority granted to the Board by the Company's shareholders at the Company's annual general meeting on 12 May 2026 (the "General Authority"). Ordinary Shares acquired under the Programme will continue to be cancelled which will reduce the share capital of the Company.

All other terms of the Programme, as set out in the Programme launch announcement on 15 May 2025, remain unchanged. Any purchase of Ordinary Shares by the Company will be notified through an RIS announcement in accordance with the UK Listing Rules.