Buy-Back Announcement and Booklet

• $15M off-market equal access buy-back at $0.81 per share
• Represents ~25.82% of issued share capital
• Approved by shareholders at 2025 AGM
• Aims to return excess capital to shareholders

Shriro Holdings Limited (ASX: SHM) has announced a $15 million off-market equal access buy-back of its shares at a fixed price of $0.81 per share. This represents approximately 25.82% of Shriro's issued share capital. The buy-back was approved by shareholders at the company's annual general meeting on 17 November 2025. Shriro is targeting the return of excess capital resulting mainly from the continued strategy of a capital light model for its seasonal products business and profits generated by the company. The board considers the buy-back to be the most efficient and value-enhancing strategy to return the excess capital to shareholders. The buy-back is expected to improve return on equity, cash flow per share and earnings per share for all shareholders who continue to hold Shriro shares. Participating shareholders may also achieve a higher price for their shares compared to selling on market, depending on the share price during the buy-back offer period. The buy-back is an equal access scheme, allowing all eligible shareholders to participate. However, shareholders who sell shares under the buy-back will not have the opportunity to participate in any future takeover bid or scheme of arrangement, and will not receive any future dividends on those shares. The board believes the advantages of the buy-back significantly outweigh the potential disadvantages.