Schroder UK Mid Cap Fund plc commences a share repurchases on August 4, 2020, under the program mandated by the shareholders in the Annual General Meeting held on January 28, 2020. As per the mandate, the company is authorized to repurchase up to 5,300,642 shares, representing 14.99% of the issued share capital of the company. The minimum price which may be paid for a share is 25p. The maximum price which may be paid for a share is an amount equal to the greater of 105% of the average of the middle market quotations for a share taken from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the share is purchased, and the higher of the price of the last independent trade in the shares of that class and the highest then current independent bid for the shares of that class on the London Stock Exchange. The shares repurchased would be cancelled or held in Treasury for potential reissue. The authority hereby conferred shall expire at the conclusion of the next Annual General Meeting unless such authority is renewed or revoked prior to such time.