Bond Tender Offer of Pearson Funding Five plc

Final Results of the Cash tender offer for €500m 1.875% Notes due 2021 issued by Pearson Funding Five plc and Guaranteed by Pearson Plc

13 March 2019

The company is announcing today the final results of its subsidiary company Pearson Funding Five Plc tender of its €500m 1.875 per cent. Notes due 2021, guaranteed by Pearson Plc (ISIN: XS1068765418), of which €250m remained outstanding prior to the Offer.

The Offer was announced on 6 March 2019 and was made on the terms and subject to the offer and distribution restrictions set out in the tender offer memorandum dated 6 March 2019.

The capitalised terms in this announcement have the meanings given to them in the Tender Offer Memorandum.

Results of the Offer

As at the Expiration Deadline, the Company had received valid tenders of €55,443,000 in an aggregate nominal amount of the Notes for purchase. The Company announces that it has decided to accept for purchase all Notes validly tendered pursuant to the Offer.

About Pearson

Pearson is the world's learning company, with expertise in educational courseware and assessment, and a range of teaching and learning services powered by technology. Our mission is to help people make progress in their lives through learning. We believe that learning opens up opportunities, creating fulfilling careers and better lives. For more, visit: www.pearson.com/corporate.

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