14^th February 2022

Johnson Matthey Plc

Share buyback programme

On 24^th November 2021, Johnson Matthey Plc ("JM" or the "Company") announced its intention to conduct a share buyback programme of its ordinary shares up to a maximum consideration of £200m.

The first tranche of the share buyback programme of up to £100m commenced on 21^st December 2021 and completed on 28^th January 2022, in accordance with its terms.

The Company announces that the second tranche of the share buyback programme of up to £100m (the "Programme") will commence today and will end no later than 20^th May 2022.

The Company has entered into an irrevocable, non-discretionary agreement with Citigroup Global Markets Ltd ("Citi") to manage the Programme, pursuant to which Citi will purchase Johnson Matthey ordinary shares (acting as principal) for subsequent repurchase by the Company. Citi will make trading decisions under the Programme independently of JM. Purchases may continue during any closed period to which the Company is subject.

The sole purpose of the Programme is to reduce the share capital of the Company. All shares repurchased under the Programme will be cancelled.

The maximum number of shares that may be repurchased under the Programme is 19,353,343 shares, being the number of shares the Company is authorised to purchase pursuant to the authority granted by shareholders at the Company's 2021 Annual General Meeting (the "2021 AGM"), less the number of shares that have already been repurchased pursuant to that authority.   

Any purchase of the Company's ordinary shares in relation to this announcement will be effected within certain pre-set parameters and in accordance with JM's general authority to repurchase ordinary shares granted by its shareholders at the 2021 AGM, the Market Abuse Regulation 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018), and Chapter 12 of the Financial Conduct Authority's Listing Rules. No repurchases will be made in respect of the Company's American Depositary Receipts.

ENDS

Johnson Matthey Plc is listed on the London Stock Exchange (JMAT)

Registered in England & Wales number: 00033774
Legal Entity Identifier number: 2138001AVBSD1HSC6Z10