Guardian Holdings Limited (?GHL?) announced that pursuant to authorisation by its Board of Directors, GHL executed a Loan Agreement effective 21st March, 2024, arranged by Guardian Group Trust Limited (?GGTL?) for a maximum amount of TTD 450 Million. The proceeds from this facility will be allocated for general corporate purposes. The total loan amount of up to TTD 450 Million will be disbursed in two tranches.

The first tranche (?Tranche A?) was disbursed on 21st March 2024 in the sum of TTD 382 Million at a rate of interest of 5.35% per annum. The second tranche (?Tranche B?) is proposed to be disbursed at a later date for a facility of up to TTD 68 Million or the equivalent denominated in any other currency, at a rate of interest of 5.20% per annum. Both Tranche A and Tranche B will mature on 21st June 2029.

The Security documents for this loan include a Debenture and Deed of Priority.