Repurchase of Convertible Bonds

15 November 2024

Jet2 plc

(the "Company")

Repurchase of Convertible Bonds

Jet2 plc, the Leisure Travel group, announces that it has repurchased £50.0m in aggregate principal amount of the Company's £387.4 million 1.625% guaranteed convertible bonds due 2026 (ISIN: XS2351465179) (the "Convertible Bonds") at a weighted average price of 103.78%, representing a total consideration of £51.9m.  Following this purchase, £337.4m in aggregate principal amount of the Convertible Bonds remains outstanding.

The Convertible Bonds which have been repurchased will be surrendered by the Company for cancellation. 

Capitalised terms not otherwise defined in this announcement shall have the meaning given to them in the terms and conditions of the Convertible Bonds which are available on the Company's website at https://www.jet2plc.com/en/investor_relations.

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