Day 42 Acceptance Level Update

In accordance with Rule 17 of the Code, Reabold confirms that, as at 1.00 p.m. (London time) on 14 September 2026, Reabold had received valid acceptances of the Offer in respect of a total of 8,352,385 Union Jack Shares, representing approximately 5.70 per cent. of the issued share capital of Union Jack.

So far as Reabold is aware, included within the above are valid acceptances in respect of 3,132,144 Union Jack Shares, representing approximately 2.14 per cent. of the issued share capital of Union Jack, which were the subject of irrevocable undertakings to accept the Offer (the “Irrevocable Shares”). Further details of these irrevocable undertakings are as set out in paragraph 8 of Part VII of the Offer Document.

Therefore, as at 1.00 p.m. (London time) on 14 September 2026, Reabold counted 8,352,385 Union Jack Shares, representing approximately 5.70 per cent. of the existing issued share capital of Union Jack, towards the satisfaction of the Acceptance Condition to the Offer.

The percentages of Union Jack Shares referred to in this announcement are based on figures of 146,565,896 Union Jack Shares in issue as at close of business in London on 28 July 2026 (being the last Business Day prior to the publication of the Offer Document).

Action to be taken by Union Jack Shareholders

The Offer will therefore now remain open for acceptances until 1.00 p.m. (London time) on 2 October 2026, which is the Unconditional Date. The Unconditional Date may be brought forward or extended in accordance with the Code, as further described in paragraphs 2.2 and 2.4 of Section C of Part III of the Offer Document.

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