Opening of TFS IPO Offer

SSP Group plc ("SSP"), a leading operator of restaurants, bars, cafes and other food and beverage outlets in travel locations across 38 countries, in conjunction with K Hospitality Corp, SSP's joint venture partner in India, provides a further update on the proposed initial public offering ("IPO") in India of Travel Food Services ("TFS").

Consistent with our announcement dated 2 July 2025, SSP notes that the IPO of TFS has opened today for bidding by the public and will close on Wednesday 9 July 2025.

SSP also notes that TFS has finalised the allocation of 5,443,635 Equity Shares to Anchor Investors at an Anchor Investor Allocation Price of 1,100 Indian Rupees per Equity Share, which is at the top of the previously indicated IPO price band. The final IPO price will be determined through the book build process.

The Anchor Investor list includes funds managed by large global and Indian investors such as ICICI Prudential, Abu Dhabi Investment Authority, Axis Asset Management, Fidelity, Government Pension Fund Global (Norges Bank), Kotak Mahindra Asset Management, amongst others.

Further announcements will be made to update on progress, as appropriate.

About TFS

TRAVEL FOOD SERVICES LIMITED ("TFS"), our joint venture in India, is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares ("Offer") and has filed a Red Herring Prospectus dated 1 July 2025 ("RHP") with the Registrar of Companies, Maharashtra at Mumbai and submitted with BSE Limited ("BSE"), National Stock Exchange of India Limited ("NSE" together with BSE, collectively, "Stock Exchanges") and Securities and Exchange Board of India ("SEBI"). The RHP is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.travelfoodservices.com and on the website of the Book Running Lead Managers ("BRLMs") i.e., Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited and Batlivala & Karani Securities India Private Limited, at, https://investmentbank.kotak.com, www.business.hsbc.co.in, www.icicisecurities.com, and https://www.bksec.com/, respectively for investors who are residents of India. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see ''Risk Factors'' on page 36 of the RHP. Potential investors should not rely on the RHP filed with SEBI and the Stock Exchanges and should instead rely on their own examination of TFS and the Offer, including the risks involved, for making any investment decision.