Completion of divestment of Russian business

London, UK – 26 May 2026.

Frigoglass Group (the “Group”) announces that it has completed the disposal of its entire shareholding in Frigoglass Eurasia LLC (“Frigoglass Eurasia”), which conducts the Group’s commercial refrigeration business in Russia (the “Transaction”). The Transaction follows the announcement of the agreement in September 2025 and receipt of all applicable, US, European and Russian, regulatory approvals.

As previously disclosed, the buyer is a strategic investor with significant experience in Frigoglass Eurasia’s sector and region.

Following completion of the Transaction, the Group has fully exited the Russian market and ceased its operations in Russia.