RESPONSE TO RECENT SPECULATION

Further to the announcement made on Friday 27 June 2025, Reinet confirms that it has been approached by Athora Holding Ltd and is in advanced talks relating to the potential disposal of its interest in PIC.  The terms of the proposal imply a consideration payable for 100 per cent. of the fully diluted share capital of PIC of approximately GBP 5.7 billion, as at the date of this announcement.

There can be no certainty that any possible transaction contemplated in this announcement will proceed nor as to the terms of any such transaction.

A further announcement will be made in due course if and when appropriate. 

Inside information This announcement contains inside information in relation to Reinet for the purposes of Article 7 of the EU Regulation 596/2014 on market abuse. Caroline Apostol, Company Secretary, is the person responsible for arranging the release of this announcement.

Important notices This announcement is for information purposes only and does not constitute a recommendation to acquire or sell any securities in Reinet. 

The issue of this announcement shall not, for the avoidance of doubt, in any circumstances, create any implication that Reinet shall be required to provide further updates on the status of any matters contemplated in this announcement (save as may be required by law or regulation).

Forward-looking statements This announcement includes statements that are, or may be deemed to be, forward-looking statements. No assurances can be given that the forward-looking statements in this announcement will be realised. As a result, no undue reliance should be placed on these forward-looking statements as a prediction of actual events or otherwise.