Close Brothers Group plc (LSE:CBG) commences share repurchases on December 1, 2022, under the program mandated by the shareholders in the Annual General Meeting held on November 19, 2020. As per the mandate, the company is authorized to repurchase up to 15,045,900 shares, representing 10% of its issued share capital. The minimum price which may be paid for each ordinary share is the nominal amount of that share and the maximum price which may be paid for each ordinary share is the highest of an amount equal to 5% above the average market value of an ordinary share for the five business days immediately preceding the day on which that ordinary share is contracted to be purchased and the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange Trading System.

This program will expire on February 17, 2024, or at the conclusion of the next Annual General Meeting, whichever is earlier.