Confirmation of Financing Condition

VICTORIA PLC

THIS ANNOUNCEMENT IS INTENDED FOR
HOLDERS OF THE SENIOR SECURED NOTES DUE 2024

CONFIRMATION OF FINANCING CONDITION

ISIN: XS2032590189 (Rule 144A) and XS2032590007 (Reg S)

Common Code: 203259018 (Rule 144A) and 203259000 (Reg S)
 

March 19, 2021

Victoria PLC (the "Company"), the issuer of €500,000,000 5.250% Senior Secured Notes due 2024 (collectively, the "Notes"), today confirms that the Financing Condition referenced in the notice of conditional redemption dated March 9, 2021 (the "Redemption Notice") has been satisfied. Capitalized terms used and not otherwise defined in this announcement have the meanings ascribed to them in the Redemption Notice.

The Redemption Date for the Notes will be March 19, 2021. As previously announced in the Redemption Notice, the date on which payment will be made for the Notes will be March 19, 2021. Please refer to the Redemption Notice for further information.

Any questions with respect to this Confirmation of Financing Condition and the Notes should be directed to:

Victoria PLC

Worcester Road, Kidderminster,

Worcestershire DY10 1JR

United Kingdom

Issued by: Victoria PLC

Dated: March 19, 2021

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This announcement does not constitute an offer to sell by Victoria PLC or the solicitation of an offer to buy securities in any jurisdiction. No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted. It may be unlawful to distribute this document in certain jurisdictions.

This announcement contains certain forward-looking statements with respect to certain of the Company's current expectations and projections about future events. These statements, which sometimes use words such as "intend," "proposed," "plan," "expect," and words of similar meaning, reflect management's beliefs and expectations and involve a number of risks, uncertainties and assumptions (including the completion of the transactions described in this announcement) that could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statement. Statements contained in this announcement regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The information contained in this announcement is subject to change without notice and, except as required by applicable law, the Company assumes no responsibility or obligation to update publicly or review any of the forward-looking statements contained in it. Readers should not place undue reliance on forward-looking statements, which speak only as at the date of this announcement.