CREDIT RATINGS UPDATE

SW (FINANCE) I PLC

Released 8 July 2025

SW (Finance) I PLC

8 July 2025

SW (FINANCE) I PLC (the "Company")

Credit Ratings Update

S&P Global Ratings has today announced that it is keeping its BBB- rating of the Company's senior secured indebtedness on CreditWatch negative but with the likelihood that CreditWatch Negative will be removed following receipt by the Company of £505 million of committed equity in November 2025.

For further information, please contact Stuart Ledger (Group CFO) at:

Address:          Southern House, Yeoman Road, Worthing, BN13 3NX, United Kingdom

Tel:                  01903 272 611

Email:              [email protected]

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