• $5 million off-market equal access buy-back at $0.81 per share
• Represents approximately 7.9% of issued share capital
• Aims to return excess capital to shareholders
• Buy-Back approved by shareholders at 2025 AGM

Shriro Holdings Limited (ASX: SHM) has announced a $5 million off-market equal access buy-back to return excess capital to shareholders. The buy-back will be conducted at a fixed price of $0.81 per share, representing a 14.78% premium to the 5-day volume weighted average price up to 17 October 2025. The buy-back was approved by shareholders at the company's annual general meeting on 17 November 2025 and will result in the cancellation of approximately 6,172,839 shares, or 7.9% of Shriro's issued share capital. The company says the buy-back is the most efficient and value-enhancing strategy to return the excess capital, as it allows shareholders to realise a portion of their investment at a premium to the recent market price, while also improving return on equity, cash flow per share and earnings per share for continuing shareholders. However, the board acknowledges that the buy-back also has some potential disadvantages, such as shareholders forfeiting the opportunity to participate in any future takeover or scheme of arrangement, and a reduction in the company's available cash reserves and share liquidity. Overall, the board considers the advantages to significantly outweigh the disadvantages.