Radian Capital PLC

14 March 2023

Abri & Silva in Partnership discussions

Radian Capital Plc (the Issuer)

£100,000,000 6 per cent. Secured Bonds due 2042, £100,000,000 4.622 per cent. Secured Bonds due 2044 and £200,000,000 5.029 per cent. Secured Bonds due 2049 (the Bonds)

The boards of Abri Group Limited ("Abri") and Silva Homes ("Silva") have today announced the agreement of an outline business case that could result in Silva joining the Abri Group. We are now formulating the full business case which will include further due diligence and engagement with a range of stakeholders. The full business case will need to be considered and approved by the respective boards of Abri and Silva if the proposal is to progress.

Abri Group Limited is a Co-Operative and Community Benefit Society with registered number 8537 and a registered provider with registered number L4172.

Silva Homes Limited is a Co-Operative and Community Benefit Society with registered number 30230R and a registered provider with registered number L4513.

Between them, the two organisations own and manage 45,000 homes and work on behalf of 114,000 customers in the south of England. Both organisations are focused on providing excellent services, supporting people, building strong local relationships and investing in safe and sustainable communities.

For further information, please contact:

Caroline Moore

Radian Capital PLC

Collins House

Bishopstoke Road

Eastleigh

Hampshire

SO50 6AD

Email: [email protected]    

Vimal Gaglani

Radian Capital PLC

Collins House

Bishopstoke Road

Eastleigh

Hampshire

SO50 6AD

Email: [email protected]