24 April 2026

Phoenix Spree Deutschland Limited

(the "Company", or "PSD")

Purchase of Shares by the Property Advisor

As previously announced on 25 July 2024, under the terms of the Company's Property Advisory and Investor Relations Agreement ("PAIR") QSix Residential Limited ("QSix"), the Company's Property Advisor, has committed to reinvest the post-tax proceeds it earns from disposal fees into PSD shares. This includes proceeds generated from condominium sales.

The Company has been notified on 23 April 2026, that QSix purchased a further 59,812 ordinary shares in PSD at an average price of 178 pence per share. This increases QSix's cumulative purchases of PSD shares acquired since 25 July 2024 to 471,958 ordinary shares.

 For further information, please contact:

Phoenix Spree Deutschland Limited                                                        +44 (0) 20 3937 8760
Stuart Young

Deutsche Bank AG, London Branch (Corporate Broker)                       +44 (0) 20 7260 1263
Hugh Jonathan

Teneo (Financial PR)                                                                                    +44 (0) 20 7353 4200
Robert Yates, Elizabeth Snow