Statement regarding possible offer for Senior plc

THIS IS AN ANNOUNCEMENT OF A POSSIBLE OFFER FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"). IT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. ACCORDINGLY, THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE NOR AS TO THE TERMS OF ANY OFFER.

Tinicum Incorporated ("Tinicum") and Blackstone Private Investments Advisors L.L.C. ("Blackstone")

Statement regarding possible offer for Senior plc ("Senior")

Tinicum and Blackstone, on behalf of certain of their respective affiliated investment funds or vehicles (together the "Consortium") note the announcement released today by Senior in relation to the recent media speculation.

The Consortium confirms that it made a preliminary, non-binding all cash proposal to the Board of Senior for the entire issued and to be issued share capital of Senior (the "Proposal").

The Consortium is currently considering its position. There can be no certainty that an offer will be made nor as to the terms of any offer.

In accordance with Rule 2.6(a) of the Code, the Consortium is required, by no later than 5.00 p.m. on 31 March 2026, being 28 days following the date of this announcement, either to announce a firm intention to make an offer for Senior in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may be extended with the consent of the Panel on Takeovers and Mergers (the "Panel") in accordance with Rule 2.6(c) of the Code.

A further announcement will be made when appropriate.

Financial Adviser

In accordance with the Code, normal United Kingdom market practice and Rule 14e-5(b) of the Exchange Act, Barclays and its affiliates will continue to act as exempt principal trader in Senior securities on the London Stock Exchange. These purchases and activities by exempt principal traders which are required to be made public in the United Kingdom pursuant to the Code will be reported to a Regulatory Information Service and will be available on the London Stock Exchange website at www.londonstockexchange.com. This information will also be publicly disclosed in the United States to the extent that such information is made public in the United Kingdom.