Commencement of Share Buyback

Legal & General Group Plc ("the Company") ("L&G") announces that it will today commence the first tranche of its planned £1.2bn share buyback programme announced on 11 March 2026 (the "Programme"), for up to a maximum consideration of £600m.

The Company has entered into a non-discretionary agreement in relation to the first tranche of the Programme with Barclays Capital Securities Limited ("Barclays") who will make trading decisions independently of, and uninfluenced by, the Company. Shares acquired by Barclays under the agreement will be purchased by Barclays as riskless principal for subsequent repurchase by the Company. All shares repurchased under the Programme will be cancelled. The purpose of the Programme is therefore to reduce the Company's share capital. 

Any purchase of the Company's ordinary shares contemplated by this announcement will be carried out on the London Stock Exchange and any other UK recognised investment exchange which may be agreed, in accordance with pre-set parameters, and in accordance with the Company's general authority to repurchase ordinary shares granted by its shareholders on 22 May 2025, the UK Market Abuse Regulation, the Companies Act 2006, and Chapter 9 of the Financial Conduct Authority's Listing Rules. The maximum number of shares which may be acquired under the Programme is 476,796,751 (being the number of shares remaining under the authority granted by shareholders at the Company's annual general meeting on 22 May 2025). The first tranche of the Programme is expected to cover the period from 12 March 2026 and end no later than 18 September 2026.

-ENDS-

Notes to editors

About L&G

Established in 1836, L&G is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY25) of which c. 43% (c. £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

As at 11 March 2026, L&G has a market capitalisation of £13.7 billion.

Further information

Name: Andy Sinclair

Role: Group Chief Strategy & Investor Relations Officer

Tel: +44 20 3124 2494

Email: investor.relations@group.landg.com

Name: Michelle Moore

Role: Group Strategy & Investor Relations Director

Tel: +44 203 124 2091

Email: investor.relations@group.landg.com

Name: Gregory Franck

Role: Investor Relations Director

Tel: +44 203 124 4415

Email: investor.relations@group.landg.com

Name: Natalie Whitty

Role: Group Corporate Affairs Director

Tel: +44 738 443 5692

Email: natalie.whitty@group.landg.com

Name: Lucy Legh / Nigel Prideaux

Role: External Consultants, Headland Consultancy

Tel: +44 20 3805 4822

Email: LandG@headlandconsultancy.com