Cloverie PLC Notice to Noteholders-Series 2009-002 (6089G)

TIDM87AE

RNS Number : 6089G

Cloverie PLC

24 July 2019

For Immediate Release

24 July 2019

EURONEXT DUBLIN ANNOUNCEMENT

CLOVERIE PUBLIC LIMITED COMPANY

(the "Issuer")

Series 2009-002 EUR 425,000,000 Fixed to Floating Notes due 2039

(ISIN: XS0442190855, Common Code: 044219085) issued pursuant to the Secured Note Issuance Programme of the Issuer (the "Notes")

secured over EUR 425,000,000 in principal amount of EUR 425,000,000 Dated Subordinated Notes (the "Collateral Notes") of Zurich Insurance Company Ltd (the "Collateral Issuer")

Notice of Mandatory Redemption pursuant to exercise of Collateral Issuer Call Option

Reference is made to (i) the series prospectus dated 24 July 2009 setting out the terms and conditions of the Notes (the "Conditions") and (ii) the amended and restated principal trust deed dated 21 July 2009 and the supplemental trust deed dated 24 July 2009, each between, amongst others, the Issuer and the Trustee, and together constituting the Notes.

Capitalised terms used herein and not defined shall have the meaning given to them in the Conditions.

The Notes are admitted to the Official List of the Irish Stock Exchange plc trading as Euronext Dublin and to trading on its regulated market.

The Issuer was notified on 24 June 2019 that the Collateral Issuer intended to exercise its option to early redeem the Collateral Notes on the First Call Date (as defined in the terms and conditions of the Collateral Notes), being 24 July 2019 and the Collateral Issuer exercised its call option on 24 July 2019.

In accordance with the Conditions of the Notes and the Notice of Mandatory Redemption pursuant to exercise of Collateral Issuer Call Option dated 28 June 2019, the Issuer has redeemed each Note in whole at its Mandatory Redemption Amount on the date hereof.

This notice is given by the Issuer.

For further information please contact the Issuer:

The Directors

Cloverie PLC

2 Grand Canal Square,

Grand Canal Harbour,

Dublin 2, Ireland

Phone: [phone]

Fax: [phone]

Email: [e-mail]

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 24, 2019 09:31 ET (13:31 GMT)