Royal London Announcement of Early Redemption (3911S)

TIDM41BM TIDM60KE

RNS Number : 3911S

Royal London

06 November 2023

RL FINANCE BONDS NO. 2 PLC (the "Issuer")

GBP400,000,000 6.125 per cent. Fixed Rate Reset Callable Guaranteed Subordinated Notes due 2043 guaranteed by The Royal London Mutual Insurance Society Limited (the "Guarantor"), of which GBP98,349,000 in principal amount is outstanding

(ISIN / Common Code: XS0998135718 / 099813571)

(the "Notes")

6 November 2023

Announcement of early redemption

RL Finance Bonds No. 2 plc (the "Issuer") today gave notice to the holders of the outstanding Notes that, pursuant to Condition 8(d) of the Terms and Conditions of the Notes (the "Conditions") set out in Schedule 2 to the Trust Deed dated 29 November 2013 (the "Trust Deed") between the Issuer, the Guarantor and HSBC Corporate Trustee Company (UK) Limited (as Trustee), the Issuer has exercised its option to redeem all of the outstanding Notes on 30 November 2023 (the "Redemption Date") at their principal amount together with accrued and unpaid interest to (but excluding) the Redemption Date.

Payment in respect of the Notes will be made through Euroclear Bank SA/NV and Clearstream Banking, S.A., in accordance with their standard procedures.

The Issuer has requested the UK Financial Conduct Authority (the "FCA") to cancel the listing of all outstanding Notes on the Redemption Date pursuant to LR 5.2.8 of the FCA Listing Rules.

Unless otherwise defined herein, defined terms used have the meanings given to them in the Trust Deed and the Conditions.

For further information:

Royal London Investor Relations team

[e-mail]

Royal London Press team

[e-mail]

Legal Entity Identifier (LEI) Number: 213800NDHTJTEZ5D9N71

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFLFLRLILVIIV

(END) Dow Jones Newswires

November 06, 2023 02:00 ET (07:00 GMT)