Cadent Finance plc - Tender Offer - Max. Acceptance Amount Announcement

Cadent Finance plc announces that the Maximum Acceptance Amount is €500,000,000

in respect of its Tender Offer for its €750,000,000 Fixed Rate Instruments due 2024

29 JUNE 2023

Full announcement including disclaimers and offer restrictions available via Lonse (Source: Cadent Finance PLC)

"29 June 2023. Cadent Finance plc (formerly known as National Grid Gas Finance plc) (the Offeror) announces today that the Maximum Acceptant Amount is €500,000,000 in respect of its invitation to holders of its €750,000,000 Fixed Rate Instruments due 2024 (ISIN: XS1493320656) (the Instruments) guaranteed by Cadent Gas Limited (formerly known as National Grid Gas Distribution Limited) (the Guarantor) to tender their Instruments for purchase by the Offeror for cash (the Offer)."

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Cadent Finance plc Announces Cash Tender Offer for its €750,000,000 Fixed Rate Instruments due 2024

26 JUNE 2023

Full announcement including disclaimers and offer restrictions available via Lonse (Source: Cadent Finance PLC)

"26 June 2023.Cadent Finance plc (formerly known as National Grid Gas Finance plc) (the Offeror) announces today an invitation to holders of its outstanding €750,000,000 Fixed Rate Instruments due 2024 (ISIN:XS1493320656) (the Instruments) guaranteed by Cadent Gas Limited (formerly known as National Grid Gas Distribution Limited) (the Guarantor) to tender such Instruments for purchase by the Offeror for cash (such invitation, the Offer)."

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"Summary of the Offer

A summary of certain of the terms of the Offer appears below:"

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"Rationale for the Offer

The Offer, in conjunction with the issuance of the New Instruments (as defined below), is being made to proactively manage the Offeror's debt profile.

Instruments purchased by the Offeror pursuant to the Offer are expected to be cancelled and will not be re-issued or re-sold. "

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