• Shriro to conduct $15M off-market equal access buy-back
• Buy-back represents ~25.82% of issued share capital
• Buy-back to be funded from excess capital and short-term debt

Shriro Holdings Limited (ASX: SHM) has announced that it intends to proceed with a $15 million off-market equal access share buy-back. The buy-back will consist of the previously announced Second Buy-Back and Third Buy-Back, which were approved by shareholders at the company's 2025 Annual General Meeting. The buy-back will be conducted at a fixed price of $0.81 per share, representing a 5.5% premium to the 5-day VWAP up to 25 February 2026. The buy-back will be structured in a similar manner to the buy-backs Shriro completed in February 2025 and December 2025. Eligible shareholders will be invited to tender up to 25.82% of their shares, with the ability to also tender additional shares in excess of their entitlement. If the company receives offers for more than the number of shares it wishes to buy back, a scale-back mechanism will be applied. Shriro has sought ASIC relief and an ASX waiver to facilitate the buy-back. The buy-back will be funded from excess capital and a modest, short-term debt facility, and the company believes it will remain in a strong financial position after the buy-back. The potential impact on control is that one of Shriro's substantial shareholders, Brunneis Investments Pty Ltd, may see its voting power increase from 21.31% to 28.73% as a result of the buy-back.