5 March 2026

Vulcan Two Group plc

(the "Group" or "Vulcan Two")

Lease signed for new distribution centre

Vulcan Two Group plc, the company aiming to create the UK's leading regulated ePharmacy through buy-and-build, announces that it has entered into a long-term lease agreement for a new 22,000 sq ft distribution centre in Leeds.

The lease agreement follows the announcement on 26 February 2026 that the Group has conditionally raised £40 million through an institutional placing to acquire three companies in the ePharmacy sector. As detailed in that announcement and in the Admission Document published on 27 February 2026, the Directors believe that establishing a central warehouse facility will enable the Group to reduce warehousing and logistical costs, rationalise and simplify processes, improve carrier terms and significantly enhance service and delivery times. The Directors see this as a key pillar in the creation of a scalable platform that can support the Group's growth going forward.

Under the terms of the lease, the Group will pay rent of approximately £68,000 for the first 8 months of the lease and rent of approximately £200,000 per annum thereafter. The lease agreement is for a term of ten years, with a rent review and a break at the option of the Group after five years.

Michael Kraftman, Chief Executive Officer of Vulcan Two, commented: "This new distribution centre is an important piece of the jigsaw for Vulcan Two. Situated in Leeds and well connected to the M62 and M1, the centre creates the perfect platform for the efficient delivery of medications around the country. We look forward to building this facility out and establishing a market-leading service for patients."

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