Cushman & Wakefield plc

Other than the additional risk factor below, there have been no material changes to our risk factors as previously disclosed in our 2024 Annual Report.

There is no guarantee the Redomiciliation will be completed or, if completed, will result in the anticipated benefits to the Company and its shareholders.

Completion of the Redomiciliation is subject to satisfaction of multiple conditions, including approval of an applicable court under the laws of England and Wales. We obtained shareholder approval to effect the Redomiciliation at a series of back-to-back shareholder meetings held on October 16, 2025. However, completion of the Redomiciliation remains subject to other conditions and there can be no assurance that the Company will obtain the necessary U.K. court approvals to proceed with the Redomiciliation, and further, our Board of Directors reserves the right to elect to abandon the Redomiciliation at any time. If the Redomiciliation is not completed for any reason, we may experience negative reactions from the financial markets, which in turn could have a negative impact on our share price. Additionally, a further delay in completing the Redomiciliation could divert management attention or cause the Company to lose some or all of the anticipated benefits of the Redomiciliation. Even if the Redomiciliation is completed, there can be no assurance that we will achieve all of the anticipated benefits, or any of them.