Share Buyback Programme - Update

Oxford Metrics plc (LSE: OMG), the smart sensing and software company, servicing life sciences, entertainment, engineering and smart manufacturing markets, is pleased to confirm the continuation of its Share Buyback Programme which will return, in aggregate, up to £10m in cash to its shareholders (the "Buyback Programme") following the conclusion of the Company's 2026 AGM held on 25 February 2026 (the "2026 AGM").

The Company announced on 11 October 2024 that it intended returning up to £6m to shareholders through the Buyback Programme, with an increase of £4m, for a total of £10m to be returned to shareholders being announced on 10 July 2025.

To date, the Buyback Programme has been implemented under the authority granted by shareholders at the Company's 2025 Annual General Meeting, which authorised the Company to purchase up to 12,971,678 Ordinary Shares. Under this authority (and until the 2026 AGM), the Company had repurchased 6,470,000 Ordinary Shares, returning approximately £9m to shareholders. The Buyback Programme was implemented pursuant to a non-discretionary arrangement with Panmure Liberum Limited, which terminated following the 2026 AGM.

The Company today announces that it has extended its irrevocable and non-discretionary arrangement with Panmure Liberum to conduct the remaining portion of the Buyback Programme, in an amount of up to approximately £1m on its behalf starting today. Following completion of the abovementioned buyback, and as indicated in its AGM Statement on 25 February 2026, the Board expects to set out the Group's refined strategy, including further detail on capital allocation within its three-year framework, in due course.

Under these arrangements, Panmure Liberum will make trading decisions in relation to the buyback of the Group's ordinary shares of 0.25 pence each independently of the Group within the programme terms and pre-set parameters.

All Ordinary Shares repurchased by the Company under this continuation of the Share Buyback Programme will be cancelled.

Ordinary Shares purchased under the Share Buyback Programme will continue to take place in open market transactions and may be made from time to time depending on market conditions, share price and trading volumes. The Share Buyback Programme will be effected under the authority granted by shareholders at the 2026 AGM, to purchase a maximum of 11,493,133 Ordinary Shares. This authority will expire no later than the conclusion of the next annual general meeting of the Company in 2027.

The Share Buyback Programme will continue to be conducted within the parameters of the Market Abuse Regulation 596/2014/EU as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and the delegated regulations made pursuant to it, save that there may be circumstances where the Company conducts share repurchases such that they exceed 25 per cent of the average daily volume in Ordinary Shares for the 20 trading days prior to the share repurchase.

The Company confirms that it currently has no unpublished price sensitive information.