On 6 October 2020, Just Group plc (the Offeror) announced an invitation to eligible holders (Noteholders) of its £230,000,000 3.500%. Subordinated Tier 3 Notes due 2025 (ISIN: XS1766956921) (the Target Notes) to tender such Target Notes for purchase by the Offeror for cash up to the Final Acceptance Amount, subject to satisfaction of the New Financing Condition and on the terms and subject to the conditions described in a tender offer memorandum dated 6 October 2020 (the "Tender Offer Memorandum") prepared by the Offeror (the "Offer"). The Offeror now announced that the Purchase Price for the Offer shall be 94.25% of the nominal amount of the Target Notes purchased pursuant to the Offer.