Worley continues share buy-back as exchangeable shares fully convert

Worley Limited has continued its on-market buy-back program, repurchasing a total of 23,902,457 ordinary fully paid shares before December 22, 2025. On December 19, 2025, the company bought back an additional 479,840 shares, with the highest price paid that day being AUD 12.68 and the lowest AUD 12.36. The total consideration for shares bought back on December 19, 2025, amounted to AUD 6,032,171.23. This is part of Worley's previously announced intention to buy back up to AUD 500 million of its ordinary shares, with the program scheduled to conclude on March 12, 2026.

Concurrently, Worley Limited announced the quotation of 86,193 new ordinary fully paid shares on December 18, 2025, with an issue date of December 12, 2025. These shares were issued as a result of the exercise of exchangeable shares, marking the final conversion of all outstanding Exchangeable Ordinary Shares (WORAM) into Ordinary Fully Paid shares (WOR). The consideration per security for these newly quoted shares is estimated at AUD 13.24.

Following this conversion, there are no more Exchangeable Shares outstanding, and the Special Voting Share will be cancelled or bought back. The total number of ordinary shares on issue after this quotation now stands at 509,353,440.