Leeds Building Society - Tender Offer - Launch

Leeds Building Society announces Tender Offer for its £200,000,000 Callable Fixed Rate Reset Subordinated Notes due April 2029

02 OCTOBER 2023

Full announcement including disclaimers and offer restrictions available via Lonse

"2 October 2023. Leeds Building Society (the Offeror) announces today its invitation to holders of its outstanding £200,000,000 Callable Fixed Rate Reset Subordinated Notes due April 2029 (ISIN: XS1812121876) (the Notes) to tender any and all of their Notes for purchase by the Offeror for cash (the Offer). The Offer is being made on the terms and subject to the conditions contained in the tender offer memorandum dated 2 October 2023 (the Tender Offer Memorandum) prepared by the Offeror for the Offer, and is subject to the offer restrictions set out below and as more fully described in the Tender Offer Memorandum."

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Summary of the Offer

Rationale for the Offer

The Offeror continues to seek to optimise its capital base to support its strategy. A reduction of the Notes outstanding would support the Offeror in delivering its strategy on an optimal basis.

Following consummation of the Offer, any Notes that are purchased in the Offer will be retired and cancelled and no longer remain outstanding. The Offeror expects to pay for any Notes that it purchases in the Offer with cash on hand. The Offer is not conditioned on the Offeror obtaining any financing."

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Leeds Building Society announces Tender Offer for its £200,000,000 Callable Fixed Rate Reset Subordinated Notes due April 2029

02 OCTOBER 2023

Full announcement including disclaimers and offer restrictions available via Lonse

Information can be found on the London Stock Exchange website. Details will follow here after 7pm UKT.

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