Commencement of second £600m tranche of £1.2bn share buyback programme

Legal & General Group Plc ("the Company" or "L&G") announces that it will today commence the second tranche of its £1.2bn share buyback programme announced on 12 March 2026 (the "Programme"), for up to a maximum consideration of £600m.

The first tranche of the Programme commenced on 12 March 2026 and completed on 11 September 2026 in accordance with its terms.

The Company has entered into a non-discretionary agreement in relation to the second tranche of the Programme with J.P. Morgan Securities plc ("JPM") who will make trading decisions independently of, and uninfluenced by, the Company. Shares acquired by JPM under the agreement will be purchased by JPM as riskless principal for subsequent repurchase by the Company. The purpose of the Programme is to reduce the Company's share capital, and all shares repurchased under the Programme will be cancelled. 

Any purchase of the Company's ordinary shares contemplated by this announcement will be carried out on the London Stock Exchange and any other UK recognised investment exchange which may be agreed, in accordance with pre-set parameters, and in accordance with the Company's general authority to repurchase ordinary shares granted by its shareholders on 21 May 2026, the UK Market Abuse Regulation, the Companies Act 2006, and Chapter 9 of the Financial Conduct Authority's UK Listing Rules. The maximum number of shares which may be acquired under the Programme is 478,827,626 (being the number of shares remaining under the authority granted by shareholders at the Company's annual general meeting on 21 May 2026). The second tranche of the Programme is expected to cover the period from 14 September 2026 and end no later than 22 March 2027.

-ENDS-

Notes to editors

About L&G

Established in 1836, L&G is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at HY26) of which c. 44% (c. £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

Further information

Name: Andy Sinclair

Role: Group Chief Strategy & Investor Relations Officer

Tel: +44 20 3124 2494

Email: [email protected]

Name: Gregory Franck

Role: Investor Relations Director

Tel: +44 203 124 4415

Email: [email protected]

Name: Natalie Whitty

Role: Chief Corporate Affairs Director

Tel: +44 738 443 5692

Email: [email protected]

Name Sneha Patel

Role: Director of External Communications

Tel: +44 75536 04804

Email: [email protected]