Modulaire Group and Willmott Dixon have won the Partnership of the Year award at the sixth annual National Sustainability Awards, which celebrate organisations turning sustainability ambition into measurable action.

The award, which was presented at the National Sustainability Awards ceremony in London on 8 October 2026, recognises a two-year programme that is reshaping how welfare facilities are powered on construction sites.

Through Modulaire Group’s Advanté business, Willmott Dixon deployed Oasis EcoLogic Solar welfare units across 146 UK projects, giving site teams access to canteens, offices, toilets and drying rooms powered by solar generation, battery storage and lower-carbon LPG backup.

By replacing diesel-powered cabins with solar welfare modular units that prioritise the use of renewable energy, the collaboration delivered strong results: the fleet operated on renewable energy for almost 90% of its running time, saving over 1,000 tonnes of carbon and generating £450,000 in savings for Willmott Dixon.

Inder Poonaji, ESG & Sustainability Director at Modulaire Group, said:

“We are delighted to win this award with Willmott Dixon. Partnership is what turns good ideas into real change on site. Working closely with Willmott Dixon, our Advanté team has applied a proven solar welfare solution consistently across projects, helping to cut diesel use without compromising the facilities people rely on every day. This award recognises the strength of that collaboration and our shared commitment to making lower-carbon construction practical at scale.”

Download the latest Modulaire Group ESGS Report here: https://lnkd.in/ev6es278

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Modulaire Group and Willmott Dixon have been announced as finalists for The SSI SCHAFER Sustainable Supply Chain Award at the Supply Chain Excellence Awards 2026, recognising a two-year programme delivering lower cost and lower carbon solar-powered site welfare.

The shortlisted entry recognises an innovative collaboration between Modulaire Group’s Advanté team and Willmott Dixon, deploying Oasis EcoLogic Solar welfare units across 146 UK construction projects. The modular units provide canteens, offices, toilets, and drying rooms, powered primarily by renewable energy, with roof-mounted solar panels, battery storage, and low-carbon LPG backup.

Over two years, the solar fleet ran on renewable energy for almost 90% of operating time, including in winter, delivering a lower-carbon welfare model that has saved Willmott Dixon £450,000 and more than 1,000 tonnes of carbon by eliminating diesel use.

Inder Poonaji, ESG & Sustainability Director at Modulaire Group, said: “Decarbonising the supply chain is not something any one business can do alone. It takes partnership, shared ambition and practical innovation, which is why we are so proud of our work with Willmott Dixon. Our circular approach and sustainable modular solutions are designed to accelerate the transition to net zero. They are making a difference, helping customers to cut carbon and cost today.”

Jo Charles, National Head of Sustainability at Willmott Dixon, said: “This Sustainable Supply Chain Award nomination is excellent recognition of our partnership with Modulaire Group. Our target is to achieve zero carbon across our sites and offices by 2030, which means finding practical ways to reduce emissions from our everyday operations. By replacing diesel-powered welfare cabins with solar-powered units, we have delivered significant carbon and cost savings across 146 projects. It shows what can be achieved when we work with our supply chain to develop proven solutions and apply them at scale.”

Winners for The SSI SCHAFER Sustainable Supply Chain Award will be announced at the Supply Chain Excellence Awards Gala Evening on Thursday 5 November 2026 in London. The full shortlist places Willmott Dixon and Modulaire Group alongside leading organisations advancing sustainable supply chain performance, operational resilience and environmental responsibility across the UK and Europe.

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About Modulaire Group 

Modulaire Group is a leader in European modular infrastructure and services. Using our circular business model, we create low carbon spaces for people to work, learn, and live. Modulaire has operations in 23 countries, with over ~319,000 modular space and portable storage units, and 5,000 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Altempo in France, Ausco and NET Modular in Australia, and Portacom in New Zealand. We are on the path to net zero, and today we deliver modular units using 55% less water since 2020, sending 81% less waste to landfill and we have cut our Scope 1&2 carbon emissions by 47%.

For further information about Modulaire Group: 

Media Relations: 

Mark Maguire

markmaguire@modulairegroup.com 

www.modulairegroup.com

About Willmott Dixon

Founded in 1852 and headquartered in Letchworth Garden City, Willmott Dixon is a privately-owned contracting and interior fit-out group. We are dedicated to leaving a positive legacy and are one of only a few companies to have received Queen’s Awards for Enterprise in both sustainability and promoting opportunity through social mobility. In 2023 and 2024 this continued with a King’s Award for Enterprise for Promoting Opportunity and Sustainable Development.

Our goal is to become a zero carbon company by 2030, with all buildings delivered after this date also being net zero. As the UK’s highest ranked contractor in the FT’s Diversity Leaders list between the years 2020 and 2025, we also aim to achieve gender parity across all levels of the workforce by 2030.

We are passionate about our purpose: to create brilliant buildings, improve lives, and enhance our environment for future generations

For further information about Willmott Dixon: 

Media Relations: 

Tom Shipp

tom.shipp@willmottdixon.co.uk

www.willmottdixon.co.uk

LONDON 12 August 2026:  Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, is pleased to announce the appointment of Remco Teulings as Group Chief Executive Officer (CEO), effective 15 September 2026.

Remco will succeed the interim leadership arrangements put in place in August 2025, under which Chairman Richard Ingram has led oversight of the business, working in close partnership with Modulaire’s Executive Committee, while the Board conducted a formal search for a permanent CEO.

Remco brings more than 30 years of international business experience across the building materials and construction industry, most recently serving as Group Chief Executive Officer of Building Materials Europe (BME).  

Richard Ingram, Chairman of Modulaire Group, said:

“We are delighted to welcome Remco to Modulaire. He is a highly experienced international business leader with an impressive track record of leading large, complex and decentralised organisations, delivering operational improvement and driving sustainable growth. His extensive experience across building products and services, together with his strong commercial and operational focus, makes him exceptionally well suited to lead Modulaire through its next phase of development.”

Remco Teulings said:

“I am delighted to be joining Modulaire Group. Modulaire has leading market positions, strong brands and a compelling customer proposition across Europe and Asia Pacific. I look forward to working with colleagues across the Group to build on these strengths, continue to enhance the service we provide to our customers and deliver the next phase of the Group’s development.

About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries, with over 330,000 modular space and portable storage units, and 5,000 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom.

Other operating brands include Advanté in the United Kingdom, Altempo in France, Ausco and NET Modular in Australia, and Portacom in New Zealand.

Remco Teulings' career background

Remco has spent more than nine years at BME, joining the group in 2017 as Managing Director of CRH Europe Distribution and subsequently leading its divestment by CRH to Blackstone in 2019, before becoming CEO of the newly independent business, renamed Building Materials Europe. Under Remco’s leadership, BME developed into a major European building materials distribution group, also supported by 40 acquisitions. Today, BME employs more than 12,000 people across approximately 920 locations and generated around €5 billion of sales in 2025.

Prior to BME, Remco was President, Europe, Middle East and Africa at Tarkett, where he had responsibility for a business with more than €900 million of revenue and 4,800 employees, spread across operations in 25 countries with many manufacturing sites. Before that, he spent six years at Knauf Insulation, including as CEO Central Europe, with responsibility for a €400 million business across the region (Germany, Austria, Switzerland, Slovenia, Croatia, Serbia, Montenegro, Bosnia, Bulgaria, Albania and Kosovo).

London, 30/04/2026:  Modulaire Group, Europe and Asia Pacific’s leading specialist in modular infrastructure and services, today announces the publication of its sixth annual Environmental, Social, Governance, and Sustainability (ESGS) report. The report highlights the Group’s continued progress in advancing a circular economy, reducing environmental impact, and fostering a responsible, inclusive workplace.

The company’s “Loops within Loops” circular business model remains at the heart of its strategy; driving innovation and setting a blueprint for a regenerative economy.

Richard Ingram, Interim CEO and Co-Chairman, commented: “The future belongs to those who keep resources in motion, maximising value, while building resilience into the supply chain. At Modulaire, we are committed to uniting purpose, sustainability, and technology. Our strong performance over the past five years speaks for itself, today we deliver modular units using 55% less water, sending 81% less waste to landfill and we’ve cut our Scope 1&2 carbon emissions by 47%. Our circular approach is not simply a strategy; it’s the foundation for the future we aspire to lead.”

James Odom, Group General Counsel, added: “By leading sustainability forwards in modular construction, we drive value for our customers. This year, SBTi validation of our decarbonisation targets marks clear progress toward electrification. Responding to stakeholder feedback, we launched a Responsible Sourcing Handbook for suppliers and employee engagement remains key, with over 5,000 paid volunteer hours contributed. In this year’s report, we share how Modulaire Group is enabling customers and stakeholders to deliver on their ESG ambitions.”

Key Achievements for Modulaire Group in 2025 include:

• 47% reduction in Scope 1 & 2 absolute GHG emissions since 2020
• 81% reduction in waste to landfill since 2020 per typical unit
• 55% reduction in water usage since 2020 per typical unit
• Net-Zero targets validated by the Science Based Targets initiative (SBTi)
• 73% of energy used is from renewable sources
• 43% lower Recordable Incident Rate (RIR) since 2024
• 12 EcoVadis medals awarded
• Responsible sourcing supplier assessment

For more information, download the Modulaire Group 2025 ESGS report: https://www.modulairegroup.com/sustainability/esgs-report.

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About Modulaire Group 

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries, with over ~319,000 modular space and portable storage units, and 5,000 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Altempo in France, Ausco and NET Modular in Australia, and Portacom in New Zealand. 

For further information about Modulaire Group: 

Media Relations: 

Mark Maguire

markmaguire@modulairegroup.com 

Investor Relations: 

Rosie Jones 

investorrelations@modulairegroup.com 

LONDON (4th March 2026) Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, announced today that it will serve as an official partner for the World Engineering Day 2026 campaign, for the second consecutive year. 

Modulaire Group, as a leading voice in modular services and infrastructure, has once again been selected as an official partner for World Engineering Day for Sustainable Development 2026, which was launched today at UNESCO Headquarters in Jakarta on 4 March 2026. 

An official International Day, as proclaimed by UNESCO, World Engineering Day is operated by the World Federation of Engineering Organisations (WFEO), the global body that spans members from more than 100 countries and represents over 30 million engineers worldwide. 

The launch marks the start of a year-long international campaign of events, films, features and news, championing the achievements of engineers around the world, and promoting engineering as a rewarding career path. 

As an official partner, Modulaire Group’s insights and expertise will form an integral part of the 12-month campaign, which provides a springboard for governments, UN-associated organisations,  policymakers, educators and leaders in the public and private sectors to raise awareness of the global importance of engineering. Modulaire will contribute two short films to raise awareness of Gender Equality (SDG5) in engineering and Responsible Consumption and Production (SDG12), which will be hosted on the official WED website and featured at key events including COP31, UN DESA High-level Political Forum and the Global Engineering Council. 

This year’s campaign expects to reach more than 100 million people worldwide. The theme, “Smart engineering for a sustainable future through innovation and digitalisation,” underscores engineering’s critical contribution to meeting the UN’s 17 Sustainable Development Goals (SDGs). 

Richard Ingram, Interim CEO and Chairman, said: 

“There is tremendous potential for engineering to advance sustainable development across the globe. At Modulaire we have developed circular approaches such as our 'Loops within Loops' model, that keep resources active longer and directly supports our customers’ and partners’ sustainability objectives. Achieving this requires fresh perspectives on materials and processes as well as innovation in product design. That’s why Modulaire Group is dedicated to celebrating engineering achievement, whilst fostering opportunities for diverse talent to develop their careers in this industry.” 

Emma Cunningham, Chief Operations Officer at Modulaire Group added: 

“Engineers and designers are developing building methods that make materials easy to reuse, creating spaces that can adapt to serve multiple purposes throughout their lives. Our teams are harnessing these innovations to deliver low carbon modular buildings that support sustainable development.” 

Addressing the significance of WED, Seng-Chuan Tan, President of the WFEO, says:

“World Engineering Day brings together engineers, governments, academia, industries and individuals to exchange ideas, drive innovation and take meaningful action. Collaboration is essential – we must work together to transform innovative ideas into real-world impact. When we bring together different voices, perspectives and expertise, we create stronger, more sustainable solutions.” 

-ends-

About Modulaire Group 

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries, with over ~330,000 modular space and portable storage units, and 5,000 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Altempo in France, Ausco and NET Modular in Australia, and Portacom in New Zealand. 

For further information about Modulaire Group: 

Media Relations: 

Mark Maguire 

markmaguire@modulairegroup.com  

Investor Relations: 

Rosie Jones 

investorrelations@modulairegroup.com 

Modulaire Group presents this half-year update in relation to the operations of the Group, and the update covers some of the highlights of the first half of 2025 including details of the Group’s performance and other major developments across the Group.

Financial overview

We are seeing strong demand in the Nordics and Southern Europe and the pipeline in Germany is starting to recover.  Good pipeline of opportunities in defence, energy, infrastructure and public sector. 

The YTD performance showed resilience amid a challenging economic backdrop. Margin increased in H1 YoY by 60bps, due primarily to improved sales GM rates and to a lesser extent leasing and servicing margin improvements, offset by some timing effects of large contracts being prepared in Q2 for H2 deployment resulting in a lower Q2 margin.

In addition, the Group refinanced in July 2025, extending the maturity of €1.9bn of debt from 2028 to 2031. In addition, we have extended €303m of the RCF commitment to 2031.

Operational Excellence

The Group is continuing to deliver multi-year transformational projects. The Business Process Optimisation (BPO) project includes the implementation of a new Enterprise Resource Planning (ERP) system. The BPO project is progressing into the build and test phases ahead of mobilisation preparation for the pilot market in 2026.

The Group commenced a new programme “Project One” which will deliver increased functional maturity in our major areas of operational and commercial performance resulting in better financial results including cost savings.

The UK transformation plan continued through H1 2025 to deliver cost savings alongside commercial synergies.

Executive team

Subsequent to H1, the Group announced that Pavan Pattada decided to step down as Group CEO to return to the United States to pursue new opportunities. The Board has initiated a formal process to appoint a permanent successor. In the interim, oversight of the business will be led by Chairman Richard Ingram, working in close partnership with Modulaire’s Executive Committee to ensure continued strategic and operational alignment.

Emma Cunningham has been appointment as Chief Operating Officer and Steven Cast has moved to the role of Operations Director, UK and BPO. 

About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries, with over ~330,000 modular space and portable storage units, and 5,000 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Altempo in France, Ausco and NET Modular in Australia, and Portacom in New Zealand.

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For further information:

Investor relations

investorrelations@modulairegroup.com

London (13 August 2025) Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, has today announced that Pavan Pattada has decided to step down to return to the United States to pursue new opportunities. 

The Board has initiated a formal search process to appoint a permanent successor. In the interim, oversight of the business will be led by Chairman Richard Ingram, working in close partnership with Modulaire’s Executive Committee to ensure continued strategic and operational alignment.

“We thank Pavan for his leadership and for the important role he has played in guiding our strategic direction,” said Richard Ingram, chairman of Modulaire Group. “The Transformation plans he has architected are clear and will continue to be our ongoing focus.” 

The Board noted that Modulaire remains on track with its transformation plans, and is well-positioned to continue to deliver on its operational and financial goals.

For more information, please visit: https://www.modulairegroup.com/.

About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries, with over ~330,000 modular space and portable storage units, and 5,000 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Altempo in France, Ausco and NET Modular in Australia, and Portacom in New Zealand.

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For further information:

Investor relations

investorrelations@modulairegroup.com

LONDON (2 July 2025)

 Modulaire Group Holdings Limited (the “Company”) is pleased to announce that it has successfully priced:

• an offering (the “Offering”) of €600,000,000 6.500% senior secured notes due 2031 (the “Notes”) to be issued by BCP V Modular Services Finance II PLC (the “Issuer”), a direct wholly-owned finance subsidiary of the Company. The Notes will be issued at par and are expected to be listed and admitted to trading on the Official List of The International Stock Exchange; and

• a new term loan facility B3 in an aggregate principal amount of €1,300,000,000 under the existing senior facilities agreement at an initial interest rate of E+450 bps and issued at 98.5% (“Facility B3” and together with the Offering of Notes, the “Financing”).

The Notes and Facility B3 will rank pari passu with the Company’s and the Issuer’s existing and future senior secured indebtedness, including their existing fixed rate euro and sterling denominated senior secured notes

The Company will use the net proceeds from the Offering and Facility B3 and cash on balance sheet to: (i) repay and cancel all amounts outstanding under the existing term loan facility B2; (ii) repay a portion of amounts drawn under the existing revolving credit facility; and (iii) pay fees and expenses incurred in connection with the refinancing transaction.

The Financing is expected to close on or about 10 July 2025, subject to customary conditions precedent.

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For further information:

Investor relations: investorrelations@modulairegroup.com

Important Notice

Not for release, publication or distribution in or into, or to any person located or resident in, the United States or any jurisdiction where it is unlawful to release, publish or distribute this announcement. Please see the important notice at the end of this announcement.

This announcement is for information purposes only and does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of an offer to purchase or subscribe for, any securities.

This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of an offer to purchase or subscribe for, any securities in any jurisdiction where such offer or solicitation is unlawful.  The securities described herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state of the United States or any other jurisdiction.  The securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.

This announcement may include “forward-looking” statements within the meaning of applicable securities laws.  Any such projections or statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results expressed or implied in these forward-looking statements.  Recipients of this announcement should not place undue reliance on forward-looking statements.  The forward-looking statements and information contained in this announcement are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events, or otherwise, unless so required by applicable securities laws. The information contained herein should not be relied upon as current except as of the date hereof.

This announcement is directed only to: (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”); (ii) persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Financial Promotion Order; (iii) persons outside the United Kingdom; or (iv) persons to whom an invitation or inducement to engage in investment activity within the meaning of Section 21 of the Financial Services and Markets Act 2000 (the “FSMA”) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”).  This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons.  Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

This announcement has been prepared on the basis that no offer of securities will be directed to retail investors in the European Economic Area (the “EEA”) or the United Kingdom.  For these purposes, a “retail investor” means:

• in the EEA, a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU, as amended (“MiFID II”); or (ii) a customer within the meaning of Directive (EU) 2016/97, as amended (the “Insurance Distribution Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; and

• in the United Kingdom, a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “EUWA”); or (ii) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement the Insurance Distribution Directive, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA.

Consequently, no key information document required by Regulation (EU) No 1286/2014, as amended (the “PRIIPs Regulation”), or as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”), for offering, selling or distributing the securities referred to herein or otherwise making them available to retail investors in the EEA or the United Kingdom has been prepared. Therefore, offering, selling or distributing the securities or otherwise making them available to any retail investor in the EEA or the United Kingdom may be unlawful under the PRIIPs Regulation or the UK PRIIPs Regulation.

The materials relating to this offering do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law.  If a jurisdiction requires that the offering be made by a licensed broker or dealer and an initial purchaser or any affiliate of an initial purchaser is a licensed broker or dealer in that jurisdiction, the offering shall be deemed to be made by such initial purchaser or such affiliate on behalf of the issuer in such jurisdiction.

LONDON (26^th June 2025)

Modulaire Group Holdings Limited (the “Company”) is pleased to announce that it is in the market with a potential refinancing transaction in an aggregate principal amount of €1.9 billion comprised of:

• an offering (the “Offering”) of fixed rate senior secured notes due 2031 (the “Notes”) to be issued by BCP V Modular Services Finance II PLC (the “Issuer”), a direct wholly-owned finance subsidiary of the Company; and
• the establishment of a new term loan facility B3 under the existing senior facilities agreement (the “Facility B3”).

The Notes and Facility B3 will rank pari passu with the Company’s and the Issuer’s existing and future senior secured indebtedness, including their existing term loan facilities and fixed rate euro and sterling denominated senior secured notes.

The completion of the refinancing transaction is subject to market conditions. If completed, the Company expects to use the net proceeds from the Offering and Facility B3 and cash on balance sheet to: (i) repay and cancel all amounts outstanding under the existing term loan B2; (ii) repay a portion of amounts drawn under the existing revolving credit facility; and (iii) pay fees and expenses incurred in connection with the refinancing transaction. The refinancing transaction is expected to be leverage neutral.

Pricing details in respect of the Notes and Facility B3 will be determined at the time of pricing of the refinancing transactions, subject to market conditions. An update will be provided in due course.

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For further information:

Investor relations: 

investorrelations@modulairegroup.com

Important Notice

Not for release, publication or distribution in or into, or to any person located or resident in, the United States or any jurisdiction where it is unlawful to release, publish or distribute this announcement. Please see the important notice at the end of this announcement.

This announcement is for information purposes only and does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of an offer to purchase or subscribe for, any securities

This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of an offer to purchase or subscribe for, any securities in any jurisdiction where such offer or solicitation is unlawful.  The securities described herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state of the United States or any other jurisdiction.  The securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.

This announcement may include “forward-looking” statements within the meaning of applicable securities laws.  Any such projections or statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results expressed or implied in these forward-looking statements.  Recipients of this announcement should not place undue reliance on forward-looking statements.  The forward-looking statements and information contained in this announcement are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events, or otherwise, unless so required by applicable securities laws. The information contained herein should not be relied upon as current except as of the date hereof.

This announcement is directed only to: (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”); (ii) persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Financial Promotion Order; (iii) persons outside the United Kingdom; or (iv) persons to whom an invitation or inducement to engage in investment activity within the meaning of Section 21 of the Financial Services and Markets Act 2000 (the “FSMA”) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”).  This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons.  Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

This announcement has been prepared on the basis that no offer of securities will be directed to retail investors in the European Economic Area (the “EEA”) or the United Kingdom.  For these purposes, a “retail investor” means:

• in the EEA, a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU, as amended (“MiFID II”); or (ii) a customer within the meaning of Directive (EU) 2016/97, as amended (the “Insurance Distribution Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; and

• in the United Kingdom, a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “EUWA”); or (ii) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement the Insurance Distribution Directive, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA.

Consequently, no key information document required by Regulation (EU) No 1286/2014, as amended (the “PRIIPs Regulation”), or as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”), for offering, selling or distributing the securities referred to herein or otherwise making them available to retail investors in the EEA or the United Kingdom has been prepared. Therefore, offering, selling or distributing the securities or otherwise making them available to any retail investor in the EEA or the United Kingdom may be unlawful under the PRIIPs Regulation or the UK PRIIPs Regulation.

The materials relating to this offering do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law.  If a jurisdiction requires that the offering be made by a licensed broker or dealer and an initial purchaser or any affiliate of an initial purchaser is a licensed broker or dealer in that jurisdiction, the offering shall be deemed to be made by such initial purchaser or such affiliate on behalf of the issuer in such jurisdiction.

LONDON (6th June 2025) Modulaire Group, Europe and Asia Pacific’s leading  business services company specialising in modular services and infrastructure, has  today announced that its near-term emissions reduction goals and long-term NetZero commitments have been officially validated by the Science Based Targets initiative (SBTi).

This recognition reinforces Modulaire’s leadership in sustainable business practices and enhances its environmental, social, and governance (ESG) strategy—delivering long-term value for investors. With validated science-based targets, Modulaire Group is proactively addressing climate risks while positioning itself for future growth in a low-carbon economy. The company’s approach includes substantial emissions reductions across operations and the supply chain, alongside investments in renewable energy and innovative sustainability solutions, ensuring resilience and compliance with evolving regulatory frameworks.

“Modulaire Group remains committed to delivering sustainable returns by embedding decarbonisation into our core business strategy, “ said Pavan Pattada, CEO. "Achieving SBTi validation is a pivotal step in strengthening our ESG commitments, fostering stakeholder confidence, and ensuring we remain ahead of market and regulatory expectations."

As Modulaire advances toward NetZero, the company will continue integrating climate-conscious decision-making into financial strategies and operational initiatives. This commitment supports both risk mitigation and long-term value creation—aligning with investor priorities and global sustainability benchmarks.

For more information on Modulaire Group’s validated targets and sustainability initiatives, please visit https://www.modulairegroup.com

About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries, with over ~330,000 modular space and portable storage units, and 5,000 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Altempo in France, Ausco and NET Modular in Australia, and Portacom in New Zealand.

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For further information:

Investor relations:  Rosie Jones

investorrelations@modulairegroup.com