NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")

FOR IMMEDIATE RELEASE

18 June 2025

Statement regarding Renold plc ("Renold")

Further to the announcement on 20 May 2025 by Renold regarding a possible offer for Renold by funds managed or advised by Buckthorn Partners LLP and One Equity Partners IX, L.P. (the "Consortium"), the Consortium confirms that it does not intend to make a firm offer for Renold.

This announcement is made in accordance with Rule 2.8 of the Code. As a result of this announcement, the Consortium, together with any persons acting in concert with it, will be bound by the restrictions contained in Rule 2.8 of the Code.

Under Note 2 on Rule 2.8 of the Code, the Consortium and any persons acting in concert with it reserve the right to set aside the restrictions in Rule 2.8 of the Code in the following circumstances:

·     with the agreement or recommendation of the Board of Renold in the event the offer for Renold by MPE Mgt. Co., LLC announced on 13 June 2025 has been withdrawn or lapsed;

·      if a third party announces a firm intention to make an offer for Renold, other than MPE Mgt. Co., LLC;

·      if Renold announces a Rule 9 waiver proposal (as described in Note 1 on the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); and/or

·   if there has been a material change of circumstances (as determined by the Panel on Takeovers and Mergers).

The Consortium (together or individually) also reserves the right to acquire shares of Renold, subject to, and in accordance with, the Code and other applicable regulations.