Share buyback Programme

25 March 2025

Gamma Communications plc

("Gamma" or the "Company")

Share buyback Programme

Gamma Communications plc, a leading provider of technology-based communication solutions across Europe, announces a share buyback programme to purchase ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") for an aggregate purchase of up to £50 million (the "Buyback Programme"), within certain pre-set parameters. The Ordinary Shares acquired under the Buyback Programme will either be cancelled or held in treasury as described below..

The Company has instructed Peel Hunt LLP ("Peel Hunt"), the Company's Nominated Adviser and Joint Broker, to conduct the Buyback Programme on its behalf. The Buyback Programme will be effected within certain pre-set parameters, including that the maximum price paid per Ordinary Share shall be 105 per cent. of the average trailing 5-day mid-market closing price, in accordance with the authority granted at Gamma's 2024 annual general meeting ("AGM") to purchase a maximum of 9,685,669 Ordinary Shares with 1,910,596 Ordinary Shares previously purchased under this authority.

The Buyback Programme will be effective from the date of this announcement and will expire on Monday 30 June, subject to reapproval of the relevant share purchase authorities at the forthcoming AGM on 14 May 2025, or earlier, if the maximum aggregate consideration of £50 million has been reached.

A buyback of Ordinary Shares on any trading day may represent a significant proportion of the daily trading volume and may exceed 25 per cent. of the average daily trading volume. Accordingly, the Company will not benefit from the exemption contained in Article 5(1) of the UK version of the Market Abuse Regulation (Regulation (EU) No 596/2014) as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

The purpose of the Buyback Programme is to reduce the Company's share capital (any Shares repurchased for this purpose will be cancelled) and to enable the Company to meet obligations arising from share option programmes (any Shares repurchased for this purpose will be held in treasury).

The Company will make further announcements in due course following the completion of any repurchases as required by UK MAR. The Company is satisfied that it is not currently in a closed period, nor is it party to any inside information which has not previously been disclosed via Regulatory Information Service.

Notes for editors:

Gamma Communications is a leading provider of technology-based communication solutions across Europe. With approximately 2,200 employees and admitted to trading on AIM, Gamma helps organisations connect and collaborate through solutions including Unified Communications, voice enablement, connectivity, mobile and security.

Gamma's vision is a better-connected world - working smarter for the benefit of businesses, people and the planet. Selling exclusively to businesses and public sector organisations, Gamma's core markets are the UK and Germany, with additional presence in Spain and the Benelux region.

In the UK, Gamma serves SMEs through an extensive network of over 1,500 channel partners (Gamma Business). For larger businesses and public sector organisations, Gamma Enterprise engages directly to sell, deliver, and support more complex, integrated communications solutions. In Germany, Gamma operates through a combination of a self-service digital platform and a strong partner network and is now one of the country's leading cloud communications providers following strategic acquisitions.

For more information about Gamma and its full range of products and services, visit gammagroup.co