Trustee Noteholder Meeting Result - 18 Aug. 2025

Summary by AI ^BETAClose X

Annington Funding PLC announced that a Noteholder Meeting regarding its outstanding notes was held on August 18, 2025. The meeting satisfied the necessary quorum, and the proposed Extraordinary Resolution was approved by the requisite number of noteholders. The outstanding notes include: £600,000,000 3.184% notes due July 12, 2029 (ISIN: XS1645518652); £400,000,000 2.308% notes due October 6, 2032 (ISIN: XS239361830); £625,000,000 3.685% notes due July 12, 2034 (ISIN: XS1645518736); £760,000,000 3.935% notes due July 12, 2047 (ISIN: XS1645518819); and £400,000,000 2.924% notes due October 6, 2051 (ISIN: XS2393618462). The company expects to discuss the Extraordinary Resolution and next steps with the Trustee. Notification of the Meeting results will be sent to noteholders via clearing systems.

Disclaimer*

Annington Funding PLC

18 August 2025

ANNINGTON FUNDING PLC

(THE "ISSUER")

announces receipt of notice of the results of a Noteholder Meeting convened by the Trustee for its

£600,000,000 3.184 per cent. notes due 12 July 2029 (ISIN: XS1645518652) (the "2029 Notes")

£400,000,000 2.308 per cent. notes due 6 October 2032 (ISIN: XS239361830) (the "2032 Notes")

£625,000,000 3.685 per cent. notes due 12 July 2034 (ISIN: XS1645518736) (the "2034 Notes")

£760,000,000 3.935 per cent. notes due 12 July 2047 (ISIN: XS1645518819) (the "2047 Notes")

£400,000,000 2.924 per cent. notes due 6 October 2051 (ISIN: XS2393618462) (the "2051 Notes")

in each case, issued by the Issuer and guaranteed by Annington Limited ("AL"), Annington Property Limited ("APL") and Annington Homes Limited ("AHL" and together with AL and APL, the "Guarantors" and each a "Guarantor") under the Issuer's £5,000,000,000 Euro Medium Term Note Programme in each case constituted (as applicable) by the trust deed dated 28 June 2017 between the Issuer and the Guarantors and BNY Mellon Corporate Trustee Services Limited as trustee (the "Trustee") (the "2017 Trust Deed") as amended on 27 September 2021 (the "2021 Trust Deed" and together with the 2017 Trust Deed, the "Trust Deeds")

(together, the "Outstanding Notes")

Capitalised terms not defined herein shall have the meaning given to them in the Trust Deeds.

The Issuer announced on 17 July 2025 that it had been notified by the Trustee that the Trustee would be convening a meeting of the holders of the Outstanding Notes (the "Meeting") and the Issuer further announced on 23 July 2025 that it had been notified by the Trustee that the date of the Meeting had been changed to 18 August 2025 and informed by the Trustee that notice of the new date for the Meeting would be provided to the holders through the clearing systems.

The Issuer has today been notified by the Trustee that the Meeting was held on 18 August 2025 and that the necessary quorum was satisfied at the Meeting and the Extraordinary Resolution as proposed by the Trustee was approved by the requisite number of holders of the Outstanding Notes.

The Issuer expects to engage in dialogue with the Trustee concerning the Extraordinary Resolution and the next steps contemplated by the Trust Deeds.

The Trustee has informed the Issuer that notice of the results of the Meeting will be provided to the holders of the Outstanding Notes through the clearing systems.

This announcement is made by:

ANNINGTON FUNDING PLC as Issuer

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