2 June 2026

Time Out Group plc

("Time Out", the "Company" or the "Group")

Time Out Agrees Long-Term Franchise Partnership with RBA in Spain

Time Out Group plc (AIM: TMO), the global media and hospitality business, is pleased to announce that RBA has acquired Time Out's media operations in Spain, including Time Out Barcelona and Time Out Madrid, under a long-term franchise partnership.

Under the agreement, RBA will continue to publish Time Out in Spain, ensuring the continued presence and growth of the brand in the country and pay the Company a franchise fee. Time Out Market operations in Spain are not part of the transaction and will continue to be owned and operated by Time Out Group.

RBA is one of the largest Spanish-language publishing groups globally, with a portfolio of more than 25 brands, including international titles such as National Geographic and InStyle. The company reaches an audience of around 60 million people each month across its media platforms.

The Company believes that transitioning to a franchise model in Spain will enable the brand to grow faster by benefiting from RBA's scale, local expertise and multi-platform capabilities. Time Out and RBA will collaborate on marketing and other initiatives.

Time Out has built a strong presence in Spain, with Time Out Barcelona https://www.timeout.com/barcelona and Time Out Madrid https://www.timeout.com/madrid, becoming trusted guides to city life for local audiences and visitors alike. The Group is proud of the business established in the market and sees significant opportunity for further growth in Spain under RBA's stewardship.

As part of the transaction, Time Out Spain's media team will transfer to RBA, continuing their roles within the new structure. Operations will move to RBA's offices in Barcelona and Madrid.

RBA sees Time Out as a strong addition to its portfolio, bringing a distinctive mix of digital content, experiential platforms and global brand reach, with Time Out engaging over 240 million people worldwide each month.

Notes to editors

About Time Out Group

Time Out Group is a global brand that inspires and enables people to experience the best of the city. Time Out launched in London in 1968 to help people discover the best of the city - today it is the only global brand dedicated to city life. Expert journalists curate and create content about the best things to Do, See and Eat across over 350 cities in over 50 countries and across a unique multi-platform model spanning both digital and physical channels. Time Out Market is the world's first editorially curated food and cultural market, bringing a city's best chefs, restaurateurs and unique cultural experiences together under one roof. The portfolio includes open Markets in 13 cities such as Lisbon, New York and Budapest, several new locations with expected opening dates in 2026 and beyond, in addition to a pipeline of further locations in advanced discussions. Time Out Group PLC, listed on AIM, is headquartered in London (UK).