Ei Group plc announced to the holders of the Notes that, in accordance with Condition 10.2(a)(ii) (Redemption at the Option of the Issuer) of the Notes, subject to satisfaction of the Conditions Precedent, the Issuer will redeem all of the Notes on 13 March 2020 (the "Redemption Date") at a redemption price equal to 100% of their principal amount, plus: (a) the Applicable Redemption Premium being the greater of: (i) 1% of the outstanding principal amount of such Note; and (ii) the excess of: (x) the present value at the Redemption Date of: (A) 103.75% being the redemption price of such Note at 15 September 2020; plus (B) the interest payments that would otherwise be due to be paid on such Note during the period between the Redemption Date and 15 September 2020 (excluding accrued but unpaid interest to the Redemption Date), computed using a discount rate equal to the Gilt Rate at such Redemption Date plus 50 basis points; over (y) the then outstanding principal amount of such Note, as calculated on behalf of the Issuer by a person designated for such purpose by the Issuer; and (b) accrued but unpaid interest in respect of the Notes to (but excluding) the Redemption Date of £5,563,186.81 in aggregate, in each case calculated in accordance with the Conditions of the Notes.