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On 5 May 2026, Standard Life plc gave notice to holders of its U.S.$500,000,000 Fixed Rate Reset Tier 2 Notes due 2031, of which U.S.$350,000,000 are currently outstanding. The Issuer exercised its option to redeem all outstanding Notes on 4 June 2026 at their principal amount plus accrued and unpaid interest.
| Date | 5 May 2026 |
| Time | 14:05:48 |
| Category | Miscellaneous |
| ID | 1012D |
STANDARD LIFE PLC
(the "Issuer")
U.S.$500,000,000 Fixed Rate Reset Tier 2 Notes due 2031 (ISIN: XS2182954797)
(the "Notes"), of which U.S.$350,000,000 are currently outstanding
5 May 2026
Announcement of early redemption
Standard Life plc (formerly Phoenix Group Holdings plc) (the "Issuer") today gave notice to the holders of the outstanding Notes that, pursuant to Condition 6(c) of the terms and conditions of the Notes (the "Conditions") set out in Schedule 2, Part C, Part 3 to the trust deed dated 24 June 2019 (the "Trust Deed") between PGH Capital Public Limited Company, the Issuer and Citibank, N.A., London Branch (as Trustee), the Issuer has exercised its option to redeem all of the outstanding Notes on 4 June 2026 (the "Redemption Date") at their principal amount together with any accrued and unpaid interest to (but excluding) the Redemption Date.
Payment in respect of the Notes will be made through Euroclear Bank SA/NV and Clearstream Banking, S.A., in accordance with their standard procedures.
Pursuant to Condition 6(b), if the Notes cannot be redeemed on the Redemption Date due to any of the circumstances described in Condition 6(b), then the redemption of the Notes shall be suspended and shall occur only in accordance with Conditions 3(d), 6(b) and 6(i)(ii).
Unless otherwise defined herein, defined terms used have the meanings given to them in the Trust Deed and the Conditions.
Sally Campbell, Group Treasurer
+44 2045594751
Joanne Roberts, Investor Relations Director
+44 2045594673
Legal Entity Identifier (LEI) Number: 2138001P49OLAEU33T68