Renewal of Share Buyback Programme

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer, today announces that it intends to re-commence a share buyback programme in respect of its ordinary shares of 20 pence each ("Ordinary Shares") up to a maximum consideration of £2.0 million from the date of this announcement (the "Share Buyback Programme").

The purpose of the Share Buyback Programme is to reduce the share capital of the Group in order to return value to shareholders.

Michelmersh has today re-entered into an irrevocable non-discretionary instruction with Canaccord Genuity Limited ("Canaccord") in relation to the purchase by Canaccord, acting as principal during the period commencing on 14 April 2025 and ending no later than 31 December 2025, of Ordinary Shares for an aggregate consideration (excluding expenses) of no greater than £2.0 million and the simultaneous on-sale of such Ordinary Shares by Canaccord to Michelmersh, where they will be held in treasury. Canaccord will make its trading decisions concerning the timing of the purchases of Ordinary Shares independently of, and uninfluenced by, the Group.

The Share Buyback Programme will be conducted within certain pre-set parameters, and in accordance with the general authorities to repurchase shares granted by shareholders at the Group's Annual General Meetings, Chapter 12 of the UK Listing Rules and the provisions 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.

Michelmersh will announce any market repurchase of Ordinary Shares no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred.