A2D1 A2d Fund. 22

TIDMA2D1

RNS Number : 9656G

A2D Funding PLC

01 April 2022

Partial Redemption of Bonds

A2D Funding plc

1 April 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN, CANADA OR SWITZERLAND OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

A2D Funding plc (the Issuer)

GBP150,000,000 4.75% Guaranteed Bonds due 2022 (the Bonds)

ISIN: XS0975865949

Notice of Partial Redemption of Bonds at the Option of the Issuer

This notice is in respect of the Notes which are constituted by the trust deed dated 18 October 2013 (the Trust Deed) between the Issuer, A2Dominion Housing Group Limited as Guarantor and M&G Trustee Company Limited (formerly Prudential Trustee Company Limited) as Trustee. All words and expressions defined in the Trust Deed shall have the same meaning herein.

NOTICE IS HEREBY GIVEN pursuant to Condition 13 (Notices) of the Notes that, pursuant to Condition 7.3 (Redemption at the Option of the Issuer) of the Notes, the Issuer intends to redeem GBP75,000,000 in aggregate principal amount of the Bonds (the Prepayment Bonds) on 18 April 2022.

The redemption will be on a pro-rata basis and will result in the principal balance, to which each Bondholder is entitled on final redemption and on which the last coupon payment will accrue, being reduced by 50%. The redemption price payable in respect of the Prepayment Bonds will be calculated in accordance with Condition 7.3 (Redemption at the Option of the Issuer) of the Notes, being the higher of par and the amount (calculated by a Nominated Financial Adviser) which is equal to the principal amount of the Prepayment Bonds multiplied by the price at which at which the Gross Redemption Yield on the Prepayment Bonds (if the Prepayment Bonds were to remain outstanding until their original maturity) on the Determination Date (being 13 April 2022) would be equal to the sum of (i) the Gross Redemption Yield at 3:00pm (London time) on the Determination Date of the Benchmark Gilt and (ii) 0.50%.

The mid price of the 1 3/4 % Treasury Gilt 2022 will be used as the Benchmark Gilt. The Issuer intends (subject to the approval of the Trustee) to appoint Allia C&C (a brand name of City & Continental Limited) of Cheyne House, Crown Court, 62-63 Cheapside, London EC2V 6AX as the Nominated Financial Adviser (pursuant to Condition 7.3 (Redemption at the Option of the Issuer)).

A payment of interest is also due on the full amount of Bonds on 18 April 2022.

Following the early redemption of the Prepayment Bonds, GBP75,000,000 in aggregate principal amount of the Bonds will remain outstanding.

This announcement is given by A2D Funding plc.

Further details relating to the above can be obtained from:

A2Dominion Group Limited

Email: Ellie.Lodge@a2dominion.co.uk

Attention: Ellie Lodge, Director of Treasury

Disclaimers

Neither this announcement, the publication in which it is contained nor any copy of it may be taken, transmitted or distributed, directly or indirectly, into Australia, New Zealand, South Africa, Japan, Canada or Switzerland or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. Any failure to comply with this restriction may constitute a violation of securities law in those jurisdictions. The distribution of this document in other jurisdictions may also be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions.

This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any shares or any other securities nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. The availability of the transactions described herein and the distribution of this announcement in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

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