BYTES TECHNOLOGY GROUP PLC - Share Repurchase Programme

Share Repurchase Programme

Bytes Technology Group plc
(Incorporated in England and Wales)
(Registered number: 12935776)
LEI: 213800LA4DZLFBAC9O33
Share code: BYI
ISIN: GB00BMH18Q19
("BTG" or the "Company")

Share Repurchase Programme

15 August 2025

Bytes Technology Group plc, one of the UK and Ireland's leading software, security, cloud and AI
services specialists, announces that effective today it is commencing a share repurchase programme
of its ordinary shares of £0.01 each ("Ordinary Shares") up to a maximum aggregate consideration of
£25 million (the "Repurchase Programme").

The Company's capital allocation policy prioritises enhancing business growth, both organically and
through select inorganic opportunities as they arise, whilst maintaining an appropriate level of liquidity
headroom and returning excess capital to shareholders (through normal and special dividends, and
share buybacks), where appropriate. The Board continuously reviews capital allocation opportunities.
After considering the Company's strong balance sheet position and prevailing share price, the Board
believes that it would be beneficial to return capital to shareholders through a share repurchase.

The purpose of the Repurchase Programme is to reduce BTG's share capital, and the Company intends
to cancel all Ordinary Shares purchased under the Repurchase Programme.

BTG has entered into an agreement with Numis Securities Limited ("Deutsche Numis") and Peel Hunt
LLP ("Peel Hunt"), respectively (the "Repurchase Agreements"), to purchase BTG's Ordinary Shares
under the Repurchase Programme for an aggregate value (excluding expenses) in two equal tranches
of up to £12.5 million each. Deutsche Numis and Peel Hunt will manage the purchases on a
discretionary basis, purchasing shares within certain pre-set parameters and making their trading
decisions independently of BTG. The purchase of Ordinary Shares will be carried out on the London
Stock Exchange and is expected to be completed during the second half of 2025.

Any purchase of Ordinary Shares undertaken in relation to this announcement will be executed in
accordance with (i) the terms and parameters of the Repurchase Agreements; (ii) the relevant
regulations, including the EU Market Abuse Regulation (596/2014) and the Commission Delegated
Regulation (2016/1052), in each case as such legislation forms part of retained EU law (as defined in
the EU (Withdrawal) Act 2018), and Chapter 9 of the Financial Conduct Authority's UK Listing Rules;
and (iii) the Company's general authority to make market purchases of Ordinary Shares as approved
by shareholders at the Company's AGM held on 2 July 2025.

BTG will announce any market repurchase of Ordinary Shares no later than 07:30 (BST) on the business
day following the calendar day on which the repurchase occurs.

                                                 -Ends-
Enquiries:

Bytes Technology Group plc
Sam Mudd, Chief Executive Officer
Andrew Holden, Chief Financial Officer
James Zaremba, Investor Relations

Tel: +44 (0)1372 418 500
Email: IR@bytesplc.com

Sodali & Co
Elly Williamson
Tilly Abraham

Tel: +44 (0)2072 501446
Email: btg@info.sodali.com

This announcement contains inside information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 of 16 April 2014 (MAR) as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018.

About Bytes Technology Group plc:
BTG is one of the UK and Ireland's leading providers of IT software offerings and solutions, with a focus
on AI, cloud and security products. The Company enables effective and cost-efficient technology
sourcing, adoption and management across software services, including in the areas of security, cloud
and AI solutions. It aims to deliver the latest technology to a diverse and embedded non-consumer
customer base and has a long track record of delivering strong financial performance.

The Company has a primary listing on the Main Market of the London Stock Exchange and a secondary
listing on the Johannesburg Stock Exchange.

Sponsor
Investec Bank Limited

Date: 15-08-2025 08:00:00
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