TIDM40CT

RNS Number : 6487U

Transport For London

02 August 2022

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 (as it forms part of Retained EU Law as defined in the European Union (Withdrawal) Act 2018).

Transport for London ("TfL")

02 August 2022

Government Funding Discussions

TfL announces that discussions with the Department for Transport (the "DfT") in relation to our future funding requirements are ongoing and that TfL remains in a position to meet its operational and contractual obligations in the near term, whilst discussions conclude.

On 22 July 2022 TfL announced that DfT had provided TfL with a draft proposal for a Long Term Funding Settlement, the terms of such proposal being subject to agreement and that TfL would review the proposal..

On 28 July 2022 TfL announced that the current extraordinary funding and financing agreement between TfL and the DfT had been extended to Midday on 03 August 2022.

TfL continues to review the draft DfT proposal and discuss funding requirements with DfT for the period beyond Midday on 03 August 2022, and will provide an update in due course.

For further information, please contact:

Transport for London

5 Endeavour Square

London

E20 1JN

Email: GroupTreasury@tfl.gov.uk

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