Lone Star Global Acquisitions, Ltd., made a preliminary conditional proposal to acquire Senior plc (LSE:SNR) for approximately £740 million on May 20, 2021. Pursuant to the terms of the proposal, Lone Star Global Acquisitions, Ltd., will acquire all the issued and outstanding shares in Senior plc at £176 pence per share. The Board of Directors of Senior plc considered the proposal, together with its advisers, and concluded that it fundamentally undervalued Senior plc and its future prospects. Accordingly, on May 21, 2021 the Board of Directors of Senior plc unanimously rejected the proposal. There can be no certainty that an offer will be made. Lone Star Global Acquisitions, Ltd., is required, by no later than June 25, 2021, being 28 days after today's date, to either announce a firm intention to make an offer for Senior plc in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. Richard Shaw and Louise Campbell of Lazard & Co., Limited are acting as financial advisors to Senior plc, whereas Chris Emmerson of Goldman Sachs International is acting for Lone Star Global Acquisitions, Ltd.