Pinewood Group – Bond Launch Press Release

Pinewood Group Limited (together with its subsidiaries, “Pinewood Group”) today announced that its wholly-owned subsidiary, Pinewood Finco plc (the “Issuer”), has launched an offering (the “Offering”) of £300,000,000 aggregate principal amount of fixed rate Senior Secured Notes due 2032 (the “Notes”). Concurrently with the offering, the Issuer has launched an offer to purchase for cash its outstanding £300,000,000 aggregate principal amount of 3⅝% Senior Secured Notes due 2027 (the “2027 Notes”) (the “Concurrent Tender Offer”). We intend to use the proceeds from this Offering to fund the Concurrent Tender Offer and pay fees and expenses related thereto. To the extent any 2027 Notes are not repurchased and cancelled in connection with the Concurrent Tender Offer, we intend to hold proceeds from the Notes offered on balance sheet (in cash or cash equivalents) until applied to repay the untendered or unaccepted 2027 Notes, which is currently anticipated to be at their stated maturity.