Pricing of €300,000,000 Senior Secured Notes

Further to the announcement of 14 October 2024, SIG plc (the "Company", and together with its subsidiaries, the "Group") is pleased to confirm that it has successfully priced the offering of €300,000,000 of 9.75% fixed rate senior secured notes due 2029 (the "Notes").

The Company will use the aggregate gross proceeds from the offering of the Notes (the "Offering") to: (i) fund the tender offer (the "Tender Offer") in relation to its outstanding €300.0 million 5.25% senior secured notes due 2026 (ISIN: XS2404291010 (Regulation S); ISIN: XS2404291366 (Rule 144A)) (the "Existing Notes"), (ii) fund cash on the Group's balance sheet for general corporate purposes, and (iii) pay fees and expenses in connection with the Offering and Tender Offer.

The Notes will be issued at par and will be guaranteed on a senior secured basis by certain subsidiaries of the Company. Interest on the Notes will be payable semi-annually in arrear. The Offering is expected to close and the Notes are expected to be issued on or about 25 October 2024 (the "Closing Date"), subject to customary conditions precedent. The Notes are expected to be listed and admitted to trading on the Official List of The International Stock Exchange.

As also announced on 14 October 2024, the Company has entered into an amendment and restatement agreement in relation to an existing revolving credit facility agreement dated 4 November 2021 that continues to provide for aggregate borrowings of up to an equivalent of £90 million with an extended maturity date of April 2029 (the "Revolving Credit Facility"), subject to certain customary conditions, including the completion of the Offering.

The expiration time and date ("Closing Date") for the Tender Offer is 5:00 p.m. (New York City time) on 22 October 2024, unless extended, and the Company expects to announce the final aggregate principal amount of Existing Notes accepted for purchase as soon as reasonably practicable on or around 23 October 2024. The Company has seen strong support for the Tender Offer to date.

Gavin Slark, Chief Executive Officer, commented: "We are very pleased to have completed the issuance of our new bond and the extension of our Revolving Credit Facility, transactions which extend the maturities of the Group's facilities out to 2029. In providing us with certainty and continuing stability over financing, and maintaining our good levels of liquidity, these facilities provide a strong base from which we can execute on our strategic priorities, and notably our focus on delivering an improved operating margin and enhanced cash generation over the medium term.

"We thank both our existing and new bond investors, and our banking syndicate, for their support, and for the confidence they have shown in the Group's strategy and outlook."