Cancellation of the Notes

Wm Morrison Supermarkets Limited

20 September 2024

 

Wm Morrison Supermarkets Limited

THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES, OR MAY QUALIFY, AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (EUWA), AS AMENDED.

£400,000,000 3.500 per cent. notes due 27 July 2026 issued by Wm Morrison Supermarkets Plc (the predecessor to Wm Morrison Supermarkets Limited) guaranteed by Safeway Limited, Safeway Stores Limited and Optimisation Investments Limited under the £3,000,000,000 Euro Medium Term Note Programme (ISIN CODE XS0808629389) (the "Notes")

20 September 2024

Intended Early Redemption and Cancellation of the Listing of the Notes

Wm Morrison Supermarkets Limited (the "Issuer") hereby announces that it has resolved to exercise its optional call option (the "Issuer Call Option") in respect of all the outstanding Notes issued under the £3,000,000,000 Euro Medium Term Note Programme at an Optional Redemption Amount to be determined pursuant to Clause 6.3 of the terms and conditions of the Notes (the "Conditions"), as supplemented by the Final Terms dated 25 July 2012 (the "Redemption"). As of the date of this announcement, the outstanding aggregate principal amount of the Notes is £4,130,000. Pursuant to the exercise of the Issuer Call Option, the Issuer intends to redeem all the outstanding Notes on 24 October 2024, which shall be the Optional Redemption Date for the purposes of the Redemption. The Issuer will notify the holders of the Notes of the Optional Redemption Amount by no later than 22 October 2024. Pursuant to Condition 6.10 of the Notes, all Notes redeemed will be cancelled and, accordingly, the Issuer will request that the Financial Conduct Authority ("FCA") cancel the listing of all outstanding Notes on the Official List of the FCA on or about the Redemption Date (the "Cancellation").

Unless otherwise defined herein, defined terms used have the meanings given to them in the Conditions.

LEI Number (Wm Morrison Supermarkets Limited 213800IN6LSRGTZSOS29)

For the purposes of the Market Abuse Regulation (EU) 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the EUWA ("UK MAR") and Article 2 of the binding technical standards published by the Financial Conduct Authority in relation to MAR as regards Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Jonathan Burke, the Company Secretary of Wm Morrison Supermarkets Limited.

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