Federated Hermes board authorizes additional 5M share buyback; 292K remain under prior program

FEDERATED HERMES, INC.

Existing program had 292,000 shares remaining as of June 7, 2022.
New program authorizes up to 5,000,000 shares of Class B common stock with no expiration date.
Repurchased shares will be held in treasury for employee compensation, acquisitions, and other corporate purposes.
Executive management determines timing and amount of purchases under both programs.

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