• Up to 10% of issued share capital to be bought back
• Buy-back to commence on or about 12 June 2025 and continue for up to 12 months
• Board believes current share price does not reflect underlying value

Experience Co Limited (ASX: EXP) has announced an on-market share buy-back of up to 10% of the company's issued share capital, which is equivalent to 75,745,738 ordinary shares. The buy-back is expected to commence on or about 12 June 2025 and will continue for a period of up to 12 months. The buy-back will be within the '10/12' limit permitted by the Corporations Act and therefore does not require shareholder approval. John O'Sullivan, CEO of Experience Co, stated that with the improvement in the company's financial performance, the Board continues to assess the company's allocation of capital, taking into consideration its ongoing performance, capital position, future funding requirements, and prevailing market conditions. The Board believes that the company's current share price is not reflective of the underlying value of its assets and that the buy-back is an efficient allocation of capital at this time, reflecting the company's improved financial position and confidence in its operational performance and outlook. The company will continue to assess market conditions, its prevailing share price, available investment opportunities, and all other relevant considerations throughout the buy-back period, reserving the right to suspend or terminate the buy-back at any time.