Metro Bank Holdings PLC and Metro Bank PLC Announces Settlement of the Transaction

Metro Bank Holdings PLC (MTRO) Metro Bank Holdings PLC and Metro Bank PLC Announces Settlement of the Transaction 30-Nov-2023 / 15:37 GMT/BST       Metro Bank Holdings PLC (LSE: MTRO LN) 30 November 2023 Metro Bank Holdings PLC Legal Entity Identifier: 984500CDDEAD6C2EDQ64 Metro Bank PLC Legal Entity Identifier: 213800X5WU57YL9GPK89 METRO BANK HOLDINGS PLC AND METRO BANK PLC ANNOUNCES SETTLEMENT OF THE TRANSACTION NOTHING IN THIS ANNOUNCEMENT CONSTITUTES OR CONTEMPLATES AN OFFER OF, AN OFFER TO PURCHASE OR THE SOLICITATION OF AN OFFER TO SELL SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES. THIS ANNOUNCEMENT IS ONLY FOR DISTRIBUTION OR TO BE MADE AVAILABLE (A) IN THE UNITED STATES, TO “QUALIFIED INSTITUTIONAL BUYERS” WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT AND (B) TO PERSONS LOCATED AND RESIDENT OUTSIDE THE UNITED STATES. THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. METRO BANK HOLDINGS PLC (incorporated under the Companies Act 2006 and registered in England and Wales with registered number 14387040) (the “Company”) in respect of the £350,000,000 Fixed Rate Reset Callable Notes due 8 October 2025 (ISIN: XS2063492396; Common Code: 206349239) (the “Existing MREL Notes”) and METRO BANK PLC (incorporated under the Companies Act 2006 and registered in England and Wales with registered number 06419578) (the “Bank” and together with the Company, “Metro Bank”) in respect of the £250,000,000 Fixed Rate Subordinated Notes due 26 June 2028 (ISIN: XS1844097987; Common Code: 184409798) (the “Existing Tier 2 Notes”) On 8 October 2023, the Company announced that it had obtained commitments from existing shareholders and other investors to subscribe for £150 million of new equity (the “Equity Raise”) and from existing noteholders to subscribe for £175 million of new fixed rate reset callable notes due 2029 to be issued by the Company (the “New MREL Notes Raise”) and a debt refinancing package in respect of the Company’s Existing MREL Notes and the Bank’s Existing Tier 2 Notes (the “Debt Refinancing” and, together with the Equity Raise and the New MREL Notes Raise, the “Transaction”). The Company, earlier today on 30 November 2023, announced the successful completion of the Equity Raise. Metro Bank is now pleased to announce the successful completion of the New MREL Notes Raise and the Debt Refinancing resulting in: the issuance of the Company’s new £525,000,000 12 per cent. Fixed Rate Reset Callable Notes due 2029 (Regulation S Notes ISIN: XS2720120596; Rule 144A Notes ISIN: XS2720120679) and the Company’s new £150,000,000 14 per cent. Fixed Rate Reset Callable Subordinated Notes due 2034 (Regulation S Notes ISIN: XS272012113; Rule 144A Notes ISIN: XS2720120919); and the redemption of the Existing MREL Notes and the New Tier 2 Notes. Accordingly, settlement of the Transaction is now complete. Application for admission of the New MREL Notes and the New Tier 2 Notes to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc’s Main Market has been made and is expected to become effective on 1 December 2023. Further Information Any questions relating to this Announcement or the Written Resolutions should be addressed as follows: Kroll Issuer Services Limited The Shard 32 London Bridge Street London SE1 9SG United Kingdom Email:  [e-mail] Offer Website: https://deals.is.kroll.com/metrobank Tel:                 [phone] Attention:         David Shilson Metro Bank Investor Relations Jo Roberts [phone] [e-mail] Metro Bank Media Relations Tina Coates / Mona Patel [phone] / [phone] [e-mail] Teneo Charles Armitstead / Haya Herbert Burns [phone] / [phone] [e-mail] Dated: 30 November 2023 ENDS Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

ISIN:	GB00BMX3W479
Category Code:	MSCH
TIDM:	MTRO
LEI Code:	984500CDDEAD6C2EDQ64
OAM Categories:	3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:	288989
EQS News ID:	1786949

End of Announcement	EQS News Service