• Approximately 97% of the outstanding $450 million Senior Unsecured Convertible Notes due 2030 will be repurchased
• The repurchase will be completed in two tranches, with the first tranche of $218 million to be repurchased for $271 million
• The second tranche of $217 million will be repurchased at a price determined by the closing price of Soul Patts' ordinary shares

Washington H. Soul Pattinson and Company Limited ('Soul Patts') has successfully completed the reverse bookbuilding process to determine the quantum and the repurchase price of the outstanding $450 million Senior Unsecured Convertible Notes due 2030 ('Existing Notes'). Under the reverse bookbuilding process, approximately 97% of the outstanding $450 million Existing Notes will now be repurchased in two tranches. Approximately $218 million of the principal amount of the Existing Notes will be Repurchased for $271 million with a settlement date of 4 July 2025, and approximately $217 million of the principal amount of the existing Notes will be Repurchased for a price to be determined by reference to the closing price of Soul Patts ordinary shares one business day after shareholder approval at the SOL and BKW scheme vote with a settlement date 2 business days after that date. Following the Repurchase, it is expected that less than 15% in aggregate principal amount of the Existing Notes will be outstanding, such that Soul Patts may redeem all Existing Notes which remain outstanding following the Repurchase at their principal amount (plus accrued and unpaid interest to the relevant date fixed for redemption) in accordance with their terms and conditions.