Schedule One - Ultimate Products PLC

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Manor Mill Victoria Street Chadderton Oldham Greater Manchester OL9 0DD Registered office is same as principal trading address.

COUNTRY OF INCORPORATION:

United Kingdom

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK's oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). The Company is currently listed on the Equity Shares (Commercial Companies) category of the Official List and admitted to trading on the Main Market of the London Stock Exchange. Ultimate Products sells to over 300 retailers over 30 countries and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling. Other brands include Progress (cookware and bakeware), Kleeneze (laundry and floorcare), Petra (small domestic appliances) and Intempo (audio). The Group also has licence agreements granting it an exclusive licence to use the "Russell Hobbs" trademark for cookware and laundry (excluding Russell Hobbs electrical appliances). The Group's products are sold to a broad cross-section of both large national and international multi-channel retailers as well as smaller national retail chains, incorporating discount retailers, supermarkets, general retailers and online retailers. Founded in 1997, Ultimate Products employs over 300 staff, a significant number of whom have joined via the Group's graduate development scheme, and is headquartered in Oldham, Greater Manchester, where it has design, sales, marketing, buying, quality assurance, support functions and warehouse facilities across two sites. Manor Mill, the Group's head office, includes a spectacular 20,000 sq. ft showroom that showcases each of its brands. In addition, the Group has an office and showroom in Guangzhou, China and in Paris, France. The Company's main country of operation is United Kingdom.

86,330,132 ordinary shares of 0.25p each ("Ordinary Shares"). There are no restrictions on the transferability of Ordinary Shares. No shares will be held as treasury shares on Admission

Company's current market capitalisation: approximately £50 million. Capital to be raised on Admission: nil Expected market capitalisation on admission: approximately £50 million.

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION :

Approximately 59.5 per cent.

The Company's shares are currently listed on the Equity Shares (Commercial Companies) category of the Official List and admitted to trading on the Main Market of the London Stock Exchange. Following shareholder approval at the Company's Annual General Meeting held on 12 December 2025, it is expected that cancellation of listing of the Company's ordinary shares on the Official List and cancellation of trading on the Main Market will occur concurrently with admission to trading of the Company's shares on AIM, on or around 15 January 2026

THE COMPANY HAS APPLIED FOR THE VOLUNTARY CARBON MARKET DESIGNATION (Y/N)

N

Christine Maria Adshead, Non-Executive Chair Andrew ( Andy ) John Gossage, Chief Executive Officer Simon Adom Showman, Founder & President John Christopher ( Chris ) Stewart Dent, Chief Financial Officer Robbie Ian Bell, Senior Independent Non-Executive Director José Carlos González-Hurtado Collado, Non-Executive Director Andrew Paul Milne, Independent Non-Executive Director

% of issued share capital pre-Admission % of issued share capital immediately following Admission Simon Showman 21.46% 21.46% Barry Franks & Family 11.86% 11.86% Schroder Investment Management 13.00% 13.00% Andrew ( Andy ) Gossage 9.33% 9.33% Ultimate Products Employee Benefit Trust ( EBT ) 3.15% 3.15%

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None

• 31 July (ii) N/A - no Admission Document (Admission to AIM to occur via AIM Designated Market Route) (iii) Unaudited interim results for the period ended 31 January 2026: by 30 April 2026 Audited full year results for the period ended 31 July 2026: by 31 January 2027 Unaudited year results for the period ended 31 January 2027: by 30 April 2027

EXPECTED ADMISSION DATE:

NAME AND ADDRESS OF NOMINATED ADVISER:

Cavendish Capital Markets Limited One Batholomew Close London EC1A 7BL

NAME AND ADDRESS OF BROKER:

Cavendish Capital Markets Limited One Batholomew Close London EC1A 7BL Shore Capital Stockbrokers Limited Cassini House 57 St James's Street London SW1A 1LD

N/A - quoted applicated. Admission via AIM Designated Market route.

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

The Company currently adopts the UK Corporate Governance Code. Following Admission, the Company will adhere to the QCA Corporate Governance Code.

DATE OF NOTIFICATION:

NEW/ UPDATE:

NEW

QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:

Equity Shares (Commercial Companies) category of the Official List, trading on the Main Market of the London Stock Exchange.

THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:

The Company confirms that, following due and careful enquiry, that it has adhered to all legal and regulatory requirements involved in having its securities admitted to trading on the Main Market of the London Stock Exchange.

The Company's ongoing purpose is to provide beautiful and more sustainable products for every home. Ultimate Products is committed to delivering outstanding branded products that appeal to households across key markets. At the same time, the Company is dedicated to ensuring that these products are attractively priced - not only for consumers but also for retail partners, who can achieve margins equivalent to those of 'own label' ranges. Since IPO in 2017, Ultimate Products has grown to become a leading supplier of quality branded housewares, selling to many UK retailers. Ultimate Products attracts retailers through selling attractively priced, branded products that consumers want, while enabling retailers to maintain their desired retail margin. It is Ultimate Products' continued focus to leverage its highly advanced operational capabilities to turn retailers from customers into long-term strategic partners. In light of the market headwinds impacting the consumer industry over the past few years, the Company has and will continue to focus on operational enhancements to drive meaningful productivity gains across the business, achieved through further investment in technology, streamlining if internal systems and bolstering the sales function. Further planned improvements will support enhanced profitability as sales grow.

Save as disclosed in: (i) the Cancellation and Notice of General Meeting circular issued on 12 November 2025; and (ii) this Schedule One Announcement, there has been no significant change in the financial or trading position of the Company since 31 July 2025, being the end of the last financial period for which audited financial statements have been published.

The Directors have no reason to believe that the working capital available to the Company or the Group will be insufficient for at least 12 months from the date of its admission to AIM.

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:

N/A

A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:

Settlement will continue to be through the Euroclear System for dealings in ordinary shares held in uncertificated form through CREST. Ordinary shares can also be dealt with in certificated form.

A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:

INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:

The Appendix to this Schedule 1 contains, inter alia, information equivalent to that required for an Admission Document and which is not already public. This will be available on the Company's website: https://upplc.com/investor-relations/corporate-literature/

THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:

There are no Ordinary Shares held in treasury.