Completion of Compulsory Redemption

Phoenix Spree Deutschland Limited

(the "Company" or "PSDL")

Second announcement

Completion of Compulsory Redemption and Total Voting Rights

Phoenix Spree Deutschland Limited (the "Company" or "PSDL") announces that the pro rata Compulsory Redemption of Ordinary Shares (the "Compulsory Redemption") announced on 23 April 2026 has been completed in accordance with the Company's Articles of Association. The Compulsory Redemption Date was 30 June 2026. Capitalised terms used but not defined in this announcement have the meanings given in the Company's announcement dated 23 April 2026.

Redemption details

The Compulsory Redemption Price per Ordinary Share was £2.56.

The aggregate amount returned to shareholders pursuant to the Compulsory Redemption was £17.5m.

The Relevant Percentage of Ordinary Shares compulsorily redeemed (pro rata as between holders of Ordinary Shares as at the Compulsory Redemption Record Date) was 7.44%, resulting in the redemption and cancellation of 6,835,792 Ordinary Shares.

Following the Compulsory Redemption, the Company's ordinary shares have been redesignated into a new class with ISIN, JE00BT7JKP71, and are expected to commence dealings under the new ISIN from 1 July 2026.

Total Voting Rights

In accordance with Disclosure Guidance and Transparency Rule 5.6.1, the Company announces that, following completion of the Compulsory Redemption, the Company's issued share capital consists of 84,991,571 ordinary shares of no par value, each carrying one vote. Therefore, the total number of voting rights in the Company is 84,991,571.

The above figure of 84,991,571 voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries

Shareholders with questions regarding the compulsory redemption, including entitlements, payment mechanics or completion of identification ("KYC") requirements, should contact the Company's registrar.

MUFG Corporate Markets (Jersey) Limited

IFC 5

St Helier

Jersey JE1 1ST

Telephone: +44 (0)371 664 0300

Email: shareholderenquiries@cm.mpms.mufg.com

For further information please contact:

Phoenix Spree Deutschland Limited +44 (0)20 3937 8760

Stuart Young

Deutsche Bank AG, London Branch (Corporate Broker) +44 (0) 20 7260 1263

Hugh Jonathan

Teneo (Financial PR) +44 (0)20 7353 4200

Robert Yates, Elizabeth Snow