Share Repurchase Programme – First Tranche

Summary by AI ^BETAClose X

Kingfisher PLC has initiated the first tranche of its share repurchase programme, instructing BNP Paribas SA to purchase up to £75 million of its ordinary shares for cancellation by 30 June 2026. This represents the initial phase of a broader £300 million commitment announced on 24 March 2026, aimed at reducing the company's share capital. The purchases will adhere to regulatory guidelines and shareholder authority, with no American Depositary Receipts being repurchased.

Disclaimer*

Kingfisher PLC

10 April 2026

KINGFISHER PLC
Share repurchase programme - First Tranche

Kingfisher plc (the "Company" or "Kingfisher") announces that it has instructed BNP Paribas SA ("BNPP") in relation to a non-discretionary programme to purchase its shares for cancellation, during the period which will commence today and end no later than 30 June 2026 (the "Tranche"). BNPP will act as riskless principal for the on-sale of such shares to the Company, and will make its trading decisions concerning the timing of the purchases of the Company's ordinary shares independently of the Company.

The maximum amount allocated to the Tranche (excluding expenses) will be no greater than £75 million (Note 1). The purpose of the Tranche is to reduce the share capital of the Company. As such, the Company will cancel any ordinary shares purchased. This is the first tranche of an overall commitment by the Company to purchase £300 million of its shares for cancellation, as announced on 24 March 2026 (the "Programme").

Any acquisitions under the Programme will be carried out within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, the EU Market Abuse Regulation (596/2014) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and Chapter 9 of the UK Listing Rules. The Company confirms that it currently has no unpublished price sensitive information.

For the avoidance of doubt, no repurchases will be made in respect of the Company's American Depositary Receipts.

Note 1. The maximum number of shares that the Company may purchase would be 97,886,483 ordinary shares of 15 5/7 pence each, in line with the authority granted to Kingfisher by shareholders at the Company's Annual General Meeting on 23 June 2025 and taking into account the 80,430,840 shares cancelled following purchases since this date.

Contacts	Tel:	Email:
Group Company Secretariat	+44 (0) 20 7372 8008	secretariat@kingfisher.com
Investor Relations	+44 (0) 20 7644 1082	investorenquiries@kingfisher.com
Treasury	+44 (0) 20 7372 8008	treasury@kingfisher.com

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