International Consolidated Airlines Group S.A. (LSE:IAG) commences share repurchases on July 1, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 26, 2024. As per the mandate, the company is authorized to repurchase its own shares , representing 10% of its issued share capital. The minimum price which may be paid for a share is zero.

The maximum price which may be paid for a share is the highest of an amount equal to 5% above the average of the middle market quotations for the shares as taken from the relevant stock exchange for the five business days immediately preceding the day on which the transaction is performed and the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the transaction is carried out at the relevant time. Repurchased shares will be delivered directly to the employees or directors of the Company or its subsidiaries or as a result of the exercise of option rights held thereby. The authority will expire in 15 month or of the conclusion of the annual Shareholders?

Meeting of the Company held in 2025, whichever is earlier.