First View: 25% Shareholder Requisition to replace with Six new NEDs

Research evidence excerpt

First View: 25% Shareholder Requisition to replace with Six new NEDs

blic appearances and trading securities held by

a research analyst.

As is the case with all Jefferies employees, the analyst(s) responsible for the coverage of the financial instruments discussed in this report receives

compensation based in part on the overall performance of the firm, including investment banking income. We seek to update our research as appropriate,

but various regulations may prevent us from doing so. Aside from certain industry reports published on a periodic basis, the large majority of reports are

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Investment Recommendation Record

(Article 3(1)e and Article 7 of MAR)

Recommendation Published June 17, 2026 3:12 A.M.

Recommendation Distributed June 17, 2026 3:12 A.M.

Company Specific Disclosures

Stephane Afonso holds an equity long position in Workspace Group plc.

Jefferies Financial Group Inc., its affiliates or subsidiaries make a market in the securities or ADRs of Workspace.

Jefferies Financial Group Inc., its affiliates or subsidiaries beneficially owned 1% or more of the common equity of Workspace as of last month's end (or

the prior month’s end if this report is dated later than 10 days after the most recent month end).

Explanation of Jefferies Ratings

Buy - Describes securities that we expect to provide a total return (price appreciation plus yield) of 15% or more within a 12-month period.

Hold - Describes securities that we expect to provide a total return (price appreciation plus yield) of plus 15% or minus 10% within a 12-month period.

Underperform - Describes securities that we expect to provide a total return (price appreciation plus yield) of minus 10% or less within a 12-month period.