Transaction in Own Shares

24 April 2025

Kelso Group Holdings Plc

("Kelso" or the "Company")

Transaction in Own Shares

Kelso, the main market listed acquisition vehicle, announces that, on 23 April 2025, it purchased 1,500,000 ordinary shares of one pence each in the capital of the Company ("the Repurchased Shares") at a price of 2.0 pence per Ordinary Share (the "Repurchase").

The Repurchase equated to approximately 0.3 per cent of the issued Ordinary Shares and was undertaken in accordance with the terms of the general authority to make market purchases of Ordinary Shares granted to the Company by its shareholders at its Annual General Meeting held on 30 May 2024. The Repurchase was executed on the London Stock Exchange through the Company's broker, Zeus Capital Limited.

Application will be made for the Repurchased Shares to be cancelled, following which the number of issued Ordinary Shares with voting rights in the Company is 374,069,999. This figure represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

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About Kelso

Kelso was established in November 2022 to identify, engage and unlock trapped value in the UK stock market. Kelso's strategy is to invest in situations where there is an anomaly between the intrinsic value and prospects of a company and its stock market valuation. Kelso will, in particular, look for situations where it believes the sum of the parts of a business is greater than the current value.