Trading Statement & Notice of Results

Strong trading across all divisions for H1 2024 and record revenue and profit growth for the Group

Supreme (AIM: SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer products, provides a trading update for the six months ended 30 September 2023 ("H1 2024" or the "Period").

The Board is delighted with the Group's performance across the Period, with trading in line with the Group's expectations1 for the year ending 31 March 2024, which were significantly upgraded on 26 September 2023 to revenue of around £195 - £205 million and Adjusted EBITDA 1 of approximately £28 - 30 to million.

The Group expects to report a record performance for the Period, with revenues in excess of £100 million (H1 2023: £67.6 million) and Adjusted EBITDA2 of no less than £15 million (H1 2023: £8.1 million).

The Elf distribution opportunity has exceeded initial expectations3 and contributed to around half of the reported revenue and gross profit growth in the Period. The remainder has come from the Group's four other categories that have, without exception, all reported strong revenue and gross profit growth.

Separately, the Group has today announced a series of proactive measures relating to the packaging, flavouring, recycling and point of sale checks within its vaping category, which management believes should be adopted across the sector. A copy of the announcement is available at: https://investors.supreme.co.uk/regulatory-announcements/.

Notice of Results & Investor Presentation

Supreme will report its interim results for H1 2024 on Tuesday, 28 November 2023.

Management will be hosting a presentation for investors in relation to the Company's results on Tuesday, 28 November 2023 at 2pm BST.

• The online presentation is open to all existing and potential shareholders.
• Questions can be submitted during the presentation and will be addressed at the end.
• To register for the event, please go to https://www.equitydevelopment.co.uk/news-and-events/supreme-investor-presentation-28november2023

596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018.

1 Company compiled analyst Adjusted EBITDA2 consensus for the year ending 31 March 2024 prior to release of this announcement was £29 million.

3 Current guidance for the Elf opportunity is around £40 million of revenue and around £4 million of Adjusted EBITDA2.

investors.supreme.co.uk/