Repayment of corporate debt and new draw down

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 (EU MAR) AND ARTICLE 7(1) OF EU MAR AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (UK MAR).

Saga plc

Saga announces repayment of corporate debt maturing in 2026

and draw down of new long-term credit facilities

On 30 January 2025, Saga plc (Saga or the Group), the UK's specialist in products and services for people over 50, announced that it had secured new credit facilities to refinance the Group's corporate debt in full (the New Facilities), with closing of the New Facilities subject to customary conditions.

On 17 February 2025, Saga announced the results of a tender offer (the Tender Offer) in respect of its £250.0m 5.5% Senior Unsecured Notes, maturing July 2026 (ISIN: XS2357117881) (the Notes). On the same date, Saga announced the mandatory redemption of the outstanding Notes, following the conclusion of the Tender Offer. Both settlements were subject to the receipt of funds from the New Facilities or waiver of this requirement.

Following receipt of funds under the New Facilities, Saga now announces that the conditions to closing of the New Facilities have been met, and accordingly:

• the Notes have been redeemed in full and shall be cancelled and de-listed accordingly;
• the £75.0m drawings under the £85.0m loan facility provided by Roger De Haan, maturing April 2026, have been repaid and, as such, the facility has been cancelled in full; and
• the existing £50.0m revolving credit facility has been cancelled in full.

The Group was advised on the transaction by Lazard & Co Limited and Freshfields LLP.