Kelso Group Holdings Plc (LSE:KLSO) commences share repurchases on October 25, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 24, 2023. As per the mandate, the company is authorized to repurchase up to 63,505,000 shares, representing 32.15% of its issued share capital. The maximum price which may be paid for a share will be an amount which is not more than the higher of 5% above the average of the middle market quotation for a Share as derived from the Daily Official List of the London Stock Exchange 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 and the highest current independent bid on the trading venue where the purchase is carried out.

The repurchased shares will be held as treasury shares or cancelled by the company. The authority shall expire at the company?s next Annual General Meeting or at the close of business on the date that falls 12 months from the date of the company?s Annual General Meeting at which this resolution is passed. As of April 28, 2023, the company had 197,525,000 shares issued and outstanding and no shares in treasury.