FirstGroup Plc – Cancellation of Treasury Shares

26 January 2026

FirstGroup plc

Cancellation of Treasury Shares

FirstGroup plc (or the `Company’) announces that its Board has agreed to reduce
the number of shares held in Treasury and will cancel 180,000,000 Treasury
shares today.

The Company currently has 188,164,166 Ordinary Shares held in Treasury.
Following the cancellation, the Company’s share capital will consist of
570,695,015 Ordinary Shares of 5 pence each, and the Company will hold 8,164,166
shares in Treasury.

The total number of voting rights will be unchanged at 562,530,849. This figure
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify FirstGroup plc and the FCA of
the percentage of voting rights they hold, or a change in this percentage, in
accordance with the FCA’s DGTR.

+————————————-+——————————-+
|Contacts at FirstGroup: |Contacts at Brunswick Group: |
|David Blizzard | |
| |Simone Selzer |
|General Counsel and Company Secretary| |
| |Tel: +44 (0) 20 7404 5959 |
|Marianna Bowes | |
| | |
|Head of Investor Relations | |
|Tel: +44 (0) 20 7725 3354 | |
+————————————-+——————————-+
|Contacts at Panmure Liberum Limited: |Contacts at RBC Europe Limited:|
|Nicholas How / Satbir Kler |James Agnew / Elliot Thomas |
|Tel: +44 (0) 20 3100 2000 |Tel: +44 (0) 20 7653 4000 |
+————————————-+——————————-+

Notes

Legal Entity Identifier (LEI): 549300DEJZCPWA4HKM93.

About FirstGroup

FirstGroup plc (LSE: FGP.L) is a leading private sector provider of public
transport services. With around 29,000 employees, we reported revenue of £5.1
billion and transported almost 2m passengers a day in FY 2025. We create
solutions that reduce complexity, making travel smoother and life easier. Our
businesses are at the heart of our communities and the essential services we
provide are critical to delivering wider economic, social and environmental
goals. Each of our divisions is a leader in its field: First Bus is one of the
largest bus operators in the UK, serving more than 25% of the population in the
UK with a fleet of c.6,000 buses and coaches, and carrying more than a million
passengers a day. First Rail is one of the UK’s most experienced rail operators,
with many years of experience running long-distance, commuter, regional and
sleeper rail services. We operate a fleet of c.1,800 locomotives and rail
carriages through two DfT contracted train operating companies: WCP
(incorporating Avanti West Coast and West Coast Partnership Development) and
GWR, and two open access routes (Hull Trains and Lumo). We are formally
committed to operating a zero emission First Bus commercial fleet by 2035, and
First Rail will help support the UK Government’s goal to remove all diesel-only
trains from service by 2040. During FY 2025 FirstGroup received MSCI’s highest
possible ESG rating of AAA, was named one of the world’s cleanest 200 public
companies for the sixth consecutive year and holds an Industry Top-Rated status
with Sustainalytics and Sustainability Yearbook membership with S&P Global. We
provide easy and convenient mobility, improving quality of life by connecting
people and communities. Visit our website at www.firstgroupplc.com and follow us
on LinkedIn at http://www.linkedin.com/company/first-group.

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