Inchcape plc

Current £175m share buyback programme increased to £250m

Inchcape plc, the leading global automotive distributor, announces it has entered into an agreement with UBS AG London Branch ("UBS") with the effect of increasing its current share buyback programme by £75 million, from £175 million to up to £250 million of the Company's shares ("Increased Share Buyback Programme"). This increase has been announced as part of the Company's H1 2026 financial results, which were published today.

The Increased Share Buyback Programme is part of the Group's disciplined capital allocation approach and is based on Inchcape's strong underlying free cash flow performance, as well as the Group's strong balance sheet. The increased buyback also demonstrates the Board's confidence in the Group's future prospects and ability to deliver significant future shareholder returns.

The maximum number of shares that may be repurchased under the Increased Share Buyback Programme, inclusive of purchases since 14 May 2026, is up to 53,615,114  shares, being the number of shares the Company was authorised to purchase pursuant to the authority granted by shareholders at the Company's Annual General Meeting held on 14 May 2026 ("AGM").

Share purchases will take place in open market transactions and may be made from time to time depending on market conditions, share price, trading volume and other factors. The Company has appointed UBS to manage the Increased Share Buyback Programme, which is a non‐discretionary share buyback programme to repurchase the Company's shares within certain defined parameters. The Increased Share Buyback Programme will be conducted independently and at the sole discretion of UBS within the programme terms.

The Increased Share Buyback Programme will run from the date of this announcement until no later than 5 March 2027. Purchases may continue during any closed period to which the Company is subject during the above-mentioned period.

The sole purpose of the Increased Share Buyback Programme is to reduce the capital of the Company. As such, the Company will cancel any shares purchased.

The Increased Share Buyback Programme will be effected within the parameters of Article 5(1) of the Market Abuse Regulation (EU) No 596/2014 (which is part of UK law by virtue of the European Union (Withdrawal) Act 2018 (the "2018 Act")) ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (which is part of UK law by virtue of the 2018 Act) as well as the applicable laws and regulations of the UK Financial Conduct Authority.

About Inchcape

Inchcape is the leading global automotive distributor, with operations across six continents. Inchcape works with our mobility company partners in smaller, more complex and harder-to-reach markets, which tend to be higher growth with low motorisation rates. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners - building stronger automotive brands and creating sustainable growth.

Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels. Our ambition is to deliver for our partners, our customers and our people - so they can realise their ambitions in the new world of mobility. The Group is headquartered in London and employs over 16,000 people globally.

www.inchcape.com