INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

Completion of the share buyback programme

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. ("IAG" or the "Company") confirms that following the latest acquisition on 21 November 2025, the €500 million second tranche of its €1,000 million share buyback programme (the "Programme"), which the Company announced on 28 February 2025, has now been completed in accordance with its terms. As communicated at the time, the purpose of the Programme is the reduction of IAG's share capital.

Under the Programme, the Company has acquired a total of 263,600,174 ordinary shares in aggregate, representing approximately 5.58 per cent of the Company's issued share capital as of today.

Under the first tranche of the Programme the Company acquired 148,068,554 ordinary shares, representing approximately 3.13 per cent of the Company's issued share capital as of today.  As announced on the 11 September and subsequently on the 28 October 2025, the Company has already completed the share capital reduction and cancellation of those ordinary shares repurchased under the first tranche of the Programme.

Under the second tranche of the Programme the Company acquired 115,531,620 ordinary shares, representing approximately 2.44 per cent of the Company's issued share capital as of today. The Company will proceed with the second tranche share capital reduction and cancellation in due course.  

Nicholas Cadbury

Chief Financial and Sustainability Officer

 24 November 2025