Share repurchase programme

Summary by AI ^BETAClose X

Associated British Foods plc has initiated the second tranche of its share repurchase programme, engaging Barclays Capital Securities Limited for a non-discretionary arrangement to buy back up to £125 million in ordinary shares. This second tranche, commencing on 25 February 2026 and expected to conclude between 14 May and 14 August 2026, is part of the company's overall up to £250 million buyback plan aimed at capital reduction, with all repurchased shares to be cancelled. Purchases will occur on the London Stock Exchange and other recognised exchanges, subject to market conditions and shareholder authority.

Disclaimer*

Associated British Foods PLC

25 February 2026

Associated British Foods plc

Associated British Foods plc share repurchase programme

Further to its announcement on 6 November 2025, Associated British Foods plc (the 'Company') announces that it has entered into a non-discretionary arrangement (the 'Engagement') with Barclays Capital Securities Limited ('Barclays') to execute the second tranche of its up to £250 million share buyback programme (the 'Programme').

The second tranche will be in the sum of up to £125 million and will commence on 25 February 2026. It is anticipated that the second tranche will end no earlier than 14 May 2026 and no later than 14 August 2026 (the 'Engagement Period').

Under this arrangement, Barclays will act as riskless principal and will make decisions independently from the Company under the Engagement. Barclays will carry out the arrangement through the acquisition of ordinary shares in the Company for subsequent repurchase by the Company. Purchases may continue during any closed period to which the Company is subject during the Engagement Period.

The sole purpose of the share buyback is to reduce the capital of the Company. All ordinary shares repurchased as part of this arrangement will be cancelled.

Share purchases will take place in open market transactions and be carried out on the London Stock Exchange and/or other recognised investment exchange(s) and may be made from time to time depending on market conditions, share price, trading volume and other factors.

Any purchases of ordinary shares by the Company in relation to this announcement will be effected within certain pre-set parameters and in accordance with (and subject to the limits prescribed by) the Company's general authority to repurchase ordinary shares granted by its shareholders at the Company's Annual General Meeting on 5 December 2025, the Market Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018) and the Financial Conduct Authority's UK Listing Rule 9.6.

Further enquiries:

Associated British Foods plc:

Tel: +44 20 7399 6545

Joana Edwards, Interim Finance Director

Lucinda Baker, Head of Investor Relations

Joe Carberry, Group Corporate Affairs Director

Citigate Dewe Rogerson:

Tel: +44 20 7638 9571

Claire de Groot	Tel: +44 7767 254469
Jos Bieneman	Tel: +44 7834 336650

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