Results of Meetings
Sainsbury(J) PLC
20 March 2006
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES OR ITALY
20 March 2006
NOTICE
To the Noteholders of the Outstanding
£314,500,000 5.25 per cent. Notes due 2007
€800,000,000 5.625 per cent. Notes due 2008
£300,000,000 6.50 per cent. Notes due 2012
£250,000,000 6.125 per cent. Notes due 2017
£350,000,000 6.00 per cent. Notes due 2032
issued by J Sainsbury plc (the 'Company')
under its £2,500,000,000 Euro Medium Term Note Programme
Announcement of Pricing Date
This announcement is made in respect of the Offers set out in the Tender Offer
and Consent Solicitation Memorandum dated 24 February 2006 (the 'Offer
Memorandum'). Terms and expressions defined in the Offer Memorandum have the
same meaning in this announcement.
NOTICE IS HEREBY GIVEN to the Noteholders of £314,500,000 5.25 per cent. Notes
due 2007 that, at the Meeting of such Noteholders held at the offices of
Clifford Chance LLP, 10 Upper Bank Street, London, E14 5JJ on 20 March 2006 at
9.00 a.m. (London time), the Extraordinary Resolution set out in the Notice of
Meeting previously notified to Holders of such Series of Existing Notes in
accordance with the terms of the Trust Deed for such Notes was duly passed.
NOTICE IS HEREBY GIVEN to the Noteholders of £350,000,000 6.00 per cent. Notes
due 2032 that, at the Meeting of such Noteholders held at the offices of
Clifford Chance LLP, 10 Upper Bank Street, London, E14 5JJ on 20 March 2006 at
9.05 a.m. (London time), the Extraordinary Resolution set out in the Notice of
Meeting previously notified to Holders of such Series of Existing Notes in
accordance with the terms of the Trust Deed for such Notes was duly passed.
NOTICE IS HEREBY GIVEN to the Noteholders of £250,000,000 6.125 per cent. Notes
due 2017 that, at the Meeting of such Noteholders held at the offices of
Clifford Chance LLP, 10 Upper Bank Street, London, E14 5JJ on 20 March 2006 at
9.10 a.m. (London time), the Extraordinary Resolution set out in the Notice of
Meeting previously notified to Holders of such Series of Existing Notes in
accordance with the terms of the Trust Deed for such Notes was duly passed.
NOTICE IS HEREBY GIVEN to the Noteholders of €800,000,000 5.625 per cent. Notes
due 2008 that, at the Meeting of such Noteholders held at the offices of
Clifford Chance LLP, 10 Upper Bank Street, London, E14 5JJ on 20 March 2006 at
9.15 a.m. (London time), the Extraordinary Resolution set out in the Notice of
Meeting previously notified to Holders of such Series of Existing Notes in
accordance with the terms of the Trust Deed for such Notes was duly passed.
NOTICE IS HEREBY GIVEN to the Noteholders of £300,000,000 6.50 per cent. Notes
due 2012 that, at the Meeting of such Noteholders held at the offices of
Clifford Chance LLP, 10 Upper Bank Street, London, E14 5JJ on 20 March 2006 at
9.20 a.m. (London time), the Extraordinary Resolution set out in the Notice of
Meeting previously notified to Holders of such Series of Existing Notes in
accordance with the terms of the Trust Deed for such Notes was duly passed.
The Company confirms that the pricing in respect of each of the Offers and the
redemption will occur at or around 2:00 p.m. today, 20 March 2006. Whilst the
Company is not bound (i) to settle the relevant Offer until it has delivered a
confirmation notice and (ii) to settle the redemption in respect of any Series
until it has delivered a notice of redemption, all in accordance with the Offer
Memorandum, the Company expects to deliver the confirmation notice and the
notice of redemption on the Confirmation Date.
Important Notice
No offer or invitation to acquire or exchange any securities or proposals to
Existing Noteholders is being made pursuant to this notice. Any such offer,
invitation or proposals are only being made in the Offer Memorandum and any such
acquisition or exchange or acceptance of such proposals should be made solely on
the basis of information contained in the Offer Memorandum. A copy of the Offer
Memorandum is available at the offices of the Existing Paying Agents.
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