Depa PLC (“Depa”), the leading global interior solutions group, announces a rights issue and share capital increase in accordance with the terms of an offer document available at Depa's website (listed below), having obtained the requisite approvals from both Depa's Board of Directors and shareholders, marking a pivotal milestone in Depa’s ongoing growth strategy.

The transaction will involve the issuance of 2,438,518,519 new Ordinary A Shares each for a cash consideration of AED 0.27 per share for a total consideration of approximately AED 658,400,000. The proceeds from this capital raise will be used to support working capital requirements for Depa Interiors and Carrara, partially fund greenfield projects such as a new joinery factory in Riyadh and other potential initiatives to enhance operational capabilities, including improvements to existing factories or other growth-enhancing capital expenditures and fund inorganic growth initiatives, such as potential acquisitions in the Middle East or by Vedder. This capital raise is a critical step in enabling Depa to capitalize on regional growth opportunities, enhance operational capabilities, and deliver sustainable value creation for its shareholders.

All shareholders on the share register as at the Record Date (i.e. 4 December 2025) will be entitled to participate in the rights issue on a pro rata basis. Any unallocated entitlements will be placed with Depa's major shareholders, following the expiry of the offer period.

Depa PLC’s shares are listed on Nasdaq Dubai (Ordinary Shares – DEPA:DU, Ordinary A Shares – DEPACLA:DU).