Result of Tender Offer

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT (TOGETHER THIS "ANNOUNCEMENT") IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, SINGAPORE OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

30 April 2026

HARGREAVES SERVICES PLC

("Hargreaves" or the "Company")

Result of Tender Offer

Following the close of the Tender Offer at 1.00 p.m. (UK time) on 28 April 2026, Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the environmental, infrastructure and property sectors  announces the result of the Tender Offer, details of which were set out in the circular published by the Company on 27 March 2026 (the "Circular").

The maximum aggregate number of Ordinary Shares that could be purchased pursuant to the Tender Offer was 2,352,941 Ordinary Shares, representing approximately 7.12 per cent. of the Issued Ordinary Share Capital as at the Tender Offer Record Time. The Tender Price was 850 pence per Ordinary Share.

In total, 18,867,467 Ordinary Shares were validly tendered, equal to 57.07 per cent. of the Issued Ordinary Share Capital as at the Tender Offer Record Time.

Accordingly, a total of 2,352,941 Ordinary Shares will therefore be purchased under the Tender Offer. The total value which will be returned to Shareholders pursuant to the Tender Offer will be approximately £20 million.

In accordance with the terms and conditions of the Tender Offer as was contained in the Circular, all Excess Tenders will be scaled-back pro rata to the total number of such Ordinary Shares tendered in excess of the Basic Entitlement and up to the Excess Capacity.

Payment of the consideration due to Shareholders, whose tenders under the Tender Offer have been accepted, is expected to be paid by no later than 22 May 2026.

The Company announces that it has been notified that the Participating Directors have tendered their Basic Entitlements and a separate PDMR dealing announcement will be made in due course.

Total Voting Rights

Of the 2,352,941 Ordinary Shares that were successfully tendered, 1,602,941 Ordinary Shares will be cancelled and 750,000 Ordinary Shares will be retained in treasury in order to satisfy awards made in the future under the Share Schemes. Following the conclusion of the Tender Offer, the remaining number of Ordinary Shares in issue will be 31,535,815. The Company currently holds 81,304 Ordinary Shares in treasury and this will be increased to 831,304 Ordinary Shares following the conclusion of the Tender Offer. Therefore, the total voting rights in the Group following the conclusion of the Tender Offer will be 30,704,511. This figure for the total number of voting rights may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined in this announcement, capitalised terms used in this announcement will have the same meaning given to them in the Circular.

Enquiries:

About The Hargreaves Group

Hargreaves Services plc is a diversified group delivering services to the environmental, infrastructure and property sectors, supporting key industries within the UK and South East Asia. The Company's three business segments are Services, Hargreaves Land and an investment in a German joint venture, Hargreaves Raw Materials Services GmbH ("HRMS"). Services provides critical support to many core industries including Connectivity, Clean Energy and Environmental infrastructure through the provision of materials handling, mechanical and electrical contracting services, logistics and major earthworks. Hargreaves Land is focused on the sustainable development of brownfield sites for both residential and commercial purposes. HRMS trades in specialist commodity markets and owns DK Recycling und Roheisen GmbH, a specialist recycler of steel waste material. Hargreaves is headquartered in County Durham and has operational centres across the UK, as well as in Hong Kong, South Africa and a joint venture in Duisburg, Germany.

For further information, please visit www.hsgplc.co.uk.

Forward Looking Statements

This announcement contains forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. They are based only on the Group's current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, such statements are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Hargreaves' control. The Group's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

Important Notice

The offer period for the Tender Offer has now expired. No further tenders of any Ordinary Shares may be made pursuant to the Tender Offer. This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. This announcement must be read in conjunction with the Circular.

This announcement and the Circular contain important information which should be read carefully. If any Shareholders are in any doubt as to the contents of this announcement and/or the Circular or the action they should take, they are recommended to seek their own financial and legal advice, including in respect of any tax consequences, immediately from their broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.

Singer Capital Markets Securities Limited ("Singer Capital Markets"), which is authorised and regulated by the Financial Conduct Authority, is acting exclusively for the Company and no-one else as financial adviser and broker in connection with the Tender Offer and Singer Capital Markets, its affiliates and its and their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to any person other than the Company for providing the protections afforded to their clients, or for providing advice in relation to the Tender Offer or any other matters or arrangements referred to or contained in this Announcement.