M&G Plc has announced the indicative results of its Tender Offers for its various resettable dated Tier 2 Notes. The Offers were made on the terms and conditions contained in the Tender Offer Memorandum dated 10 June 2024. The Expiration Deadline for the Offers was 4.00 p.m. (London time) on 14 June 2024.

The Company expects to set the Aggregate Consideration Amount at approximately £150,000,000 and only accept 2055 Notes for purchase that have been validly tendered pursuant to Non-Competitive Tender Instructions. The expected Pro-ration Factor for the 2055 Notes is approximately 75 per cent.

Pricing for the Offers will take place at or around 1.00 p.m. (London time) today. The Settlement Date in respect of any Notes accepted for purchase pursuant to the Offers is expected to be 19 June 2024.

HSBC Bank plc and Merrill Lynch International are acting as Dealer Managers in respect of the Offers, while Kroll Issuer Services Limited is acting as Tender Agent.

This announcement is made by M&G plc and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the EUWA.