Travis Perkins: Extension to Share Buy-back Programme

Travis Perkins plc to extend its share buy-back programme by an additional consideration of £70 million

Travis Perkins plc ("Travis Perkins" or "the Company") is pleased to announce the continuation of its capital return to shareholders by extending its initial £100m share buy-back programme by a further £70m, which will also be returned through a buy-back of Travis Perkins ordinary shares (the "Extended Programme"). The Extended Programme will be effected in accordance with the terms of the authority granted by shareholders at the 2021 AGM and the Listing Rules.

Travis Perkins will update shareholders on its capital return programme at its Full-Year results, on 1 March 2022, and remains committed to returning to shareholders the net proceeds from the disposal of its Plumbing & Heating distribution business.

Since the commencement of the initial period of the buy-back programme on 1 October 2021, the Company has bought back 3,810,335 ordinary shares for a total consideration of approximately £58m. The Extended Programme instructs Citigroup Global Markets Limited ("Citi") to make trading decisions independently of the Company to purchase an additional tranche of ordinary shares to a total value of up to £70m taking the total value of Travis Perkins's buy-back programme to £170m. These instructions will commence at 8.00am UK time on 14 December 2021 and will end no later than close of dealings in London on 23 June 2022 unless Citi or the Company choose to terminate the agreement.

As in the initial buy-back programme, shares acquired by Citi under the agreement will be sold on to Travis Perkins. The sole purpose of the Programme is to reduce Travis Perkins's share capital. The maximum number of shares to be acquired under the Programme is 22,502,592 million and the Extended Programme is expected to complete by 23 June 2022.

Any purchase of Travis Perkins ordinary shares contemplated by this announcement will be executed in accordance with the Company's general authority to repurchase ordinary shares granted by its shareholders on 27 April 2021, Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (both as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018), and Chapter 12 of the Financial Conduct Authority's Listing Rules.

For further information, please contact:

Investor Relations:

Matt Worster     

+44 (0) 7990 088548

[email protected]