Filing of Prospectus and Pricing of TFS IPO

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").

Further to SSP's announcement dated 7 July 2025 regarding the opening of the TFS IPO for public bidding, SSP is pleased to announce the pricing of equity shares of TFS in its IPO at 1,100 Indian Rupees per share, at the top end of its previously announced range. The offer price indicates an expected market capitalisation on listing of 144.8 billion Indian Rupees (£1.24 billion at the spot rate of 116.50 Indian Rupees to 1 GBP).

TFS has today filed its Prospectus in relation to the IPO with the Indian authorities. The Prospectus will be available on the website of the Indian authorities including the Indian Stock Exchanges and SEBI at www.nseindia.com, www.bseindia.com and www.sebi.gov.in. The Prospectus will also be published on TFS' website at www.travelfoodservices.com/investors.

The commencement of listing and trading of TFS shares continues to be planned for Monday 14 July 2025.

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 Prospectus dated 10 July 2025 ("Prospectus") 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 Prospectus 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 34 of the Prospectus. Potential investors should not rely on the Prospectus 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.