Princes Group Regulatory News (PRN)

29 May 2026

Princes Group plc

("Princes" or the "Company" and, together with its subsidiaries, the "Group")

Commencement of Share Buyback Programme

Princes Group plc (LSE: PRN), a leading international platform in the United Kingdom and European food and beverage sector, today announces that it is launching a share buyback programme to purchase ordinary shares in the Company ("Ordinary Shares") and has allocated up to £25 million to the buyback programme (the "Share Buyback Programme").

The purpose of the Share Buyback Programme is to fulfil a number of corporate purposes, including, but not limited to, the satisfaction of its Employee SAYE scheme which will be rolled out later this year. As such, all Ordinary Shares repurchased by the Group under the Share Buyback Programme will be held in treasury.

The purchase of Ordinary Shares will be carried out on the London Stock Exchange. Any purchases of Ordinary Shares by the Company will be conducted in accordance with the general authority to purchase Ordinary Shares granted by its shareholders at the Company's Annual General Meeting on 27 May 2026. The maximum number of Ordinary Shares which may be purchased under the Share Buyback Programme is 6,200,000. The Share Buyback Programme will be conducted in accordance with Chapter 9 of the Financial Conduct Authority's UK Listing Rules (UKLR) and with European Union (EU) Regulation No 596/2014 ("MAR") and the MAR buyback technical standards (Commission Delegated Regulation (EU) 2016/1052) (the "Technical Standards"), both of which form part of Retained EU Law as defined in the European Union (Withdrawal) Act 2018.

Any purchase of Ordinary Shares pursuant to the Share Buyback Programme will be announced by no later than the end of the 7th daily market session following the calendar day on which such transaction occurred, as required by MAR.

The Share Buyback Programme is expected to operate until 27 August 2027, unless completed earlier or extended.

Enquiries

For further information, please contact:

Princes Group plc

Princes Group is a leading international platform in the United Kingdom and European food and beverage sector. The Group operates across five business units: Foods, Fish, Italian, Oils, and Drinks and holds leading positions in both branded and customer own brand products.

The Group's branded portfolio includes well-known, trusted brands such as Princes, Napolina, Branston, Batchelors, Flora, Crisp 'N Dry, Delverde, Plasmon, Naked Noodle, and Vier Diamanten.

By combining industrial expertise with long-standing supply partnerships, Princes Group is a trusted partner to a diverse range of blue-chip customers, including major food retailers, B2B partners, and the foodservice industry, reaching over 8,000 clients globally and exporting to more than 60 countries.

Headquartered in Liverpool, UK, Princes Group generated £1.92 bn pro forma revenues in the year ended 31 December 2025, employs approximately 7,800 people and operates 24 production facilities across the United Kingdom, continental Europe, and Mauritius, supported by 21 warehouses and distribution centres and three offices in the UK, Poland, and the Netherlands.

With a strong production network, the Group is well-positioned for future growth, consistently delivering quality, innovation, and reliable supply across multiple categories, while upholding its commitment to excellence and long-term customer relationships.

For more information, visit www.princesgroup.com.

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