Sage issues GBP 400 million bond

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (the UNITED STATES) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT

1st February 2022

The Sage Group plc ("Sage") announces that it has launched and successfully priced a bond offering of GBP 400 million 2.875% notes due in February 2034 (the "Notes"). The offering is expected to settle on 8th February 2022 subject to the satisfaction of customary conditions.

The Notes issue extends the maturity of the Group's debt portfolio. Sage intends to use the proceeds to repay certain existing indebtedness and for general corporate purposes. Sage has been rated BBB+ (stable) by S&P.

Application will be made for the Notes to be admitted to the official list of the Financial Conduct Authority and to be admitted to trading on the regulated market of the London Stock Exchange.

The Joint Bookrunners were BofA Securities, HSBC, J.P. Morgan and NatWest Markets

Enquiries

The Sage Group plc +44 (0) 7900 046714

James Sandford, VP Investor Relations

Amy Lawson, EVP Communications

Jacqui Cartin, EVP Group Financial Controller / James Thomas, VP Treasury

Finsbury Glover Hering +44 (0) 20 7251 3801

Conor McClafferty
Amanda Healy

About Sage

Sage exists to knock down barriers so everyone can thrive, starting with the millions of Small and Mid-Sized Businesses served by us, our partners and accountants. Customers trust our finance, HR and payroll software to make work and money flow. By digitising business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology and experience to tackle digital inequality, economic inequality and the climate crisis.

DISCLAIMER

This announcement does not constitute an offering of the Notes for sale in the United States.  This is not for distribution in the United States.  The Notes have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act") and are subject to U.S. tax law requirements.  Subject to certain exceptions, the Notes may not be offered, sold or delivered within the United States or to, or for the account or benefit of U.S. persons, as such terms are defined in Regulation S under the Securities Act.  There will be no public offering of the Notes in the United States.

Under no circumstances shall this announcement constitute an offer to sell or the solicitation of an offer to buy any Notes in any jurisdiction where it is unlawful to do so. Recipients of this announcement who intend to subscribe for or purchase the Notes are reminded that any subscription or purchase may only be made on the basis of the information contained in the final prospectus relating to the Notes.