Close Brothers Group PLC

Transaction in Own Shares • Dec 1, 2022

National Storage Mechanism | Additional information

RNS Number : 2452I

Close Brothers Group PLC

01 December 2022

SHARE PURCHASE

1 December 2022

Close Brothers Group plc ("Close Brothers" or the "Group") announces that a programme to purchase shares with an aggregate market value of up to £1.5 million will commence today, 1 December 2022.

The programme is in line with the Group's policy of hedging its exposure to executive share awards and options granted under its all-employee share option schemes.

The purchase of Close Brothers ordinary shares of 25p each will be undertaken on the London Stock Exchange and will take place within the limitations of the authority granted to the Board by the Annual General Meeting held on 17 November 2022, pursuant to which the maximum number of shares to be bought back is 15,045,900.

The purpose of the share purchase is to meet future obligations arising from the Group's all-employee share option schemes. It will be conducted within the parameters prescribed by Chapter 12 of the Listing Rules and the UK versions of the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052.

The programme will commence on 1 December 2022 and will end no later than 31 January 2023. The shares purchased will be held in treasury and used to meet the future demand for shares from the Group's employee share plans.

The Group has entered into non-discretionary instructions with Link Asset Services to conduct the share purchase on its behalf and to make trading decisions under the programme independently of the Group.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities.

Penny Thomas

Company Secretary

020 3857 6001

Close Brothers Group plc

LEI Code: 213800W73SYHR14I3X91

1 December 2022

About Close Brothers

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ approximately 4,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.

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