Inter. Pers. Regulatory News (IPF)

Publication of final terms and launch of 12 per cent. Sterling notes due 2027

The information contained herein may only be released, published or distributed in the United Kingdom, the Isle of Man, Jersey and the Bailiwick of Guernsey in accordance with applicable regulatory requirements. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, the Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this announcement.

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.

SEE "IMPORTANT INFORMATION" BELOW

2 November 2023

International Personal Finance plcLAUNCH OF OFFER OF 12 PER CENT. STERLING-DENOMINATED NOTES DUE 2027

International Personal Finance PLC (the "Issuer" or "IPF"), the holding company for a global consumer finance helping people excluded from mainstream finance to access simple, personal and affordable credit, has today launched an offer of senior unsecured 12 per cent. Sterling-denominated notes due 2027 (the "New Notes") (to be consolidated and form a single series with the £50,000,000 12 per cent. Notes due 2027 issued on 12 December 2022). The New Notes are available to retail investors in the United Kingdom and are being issued by IPF at an issue price of 100 per cent. of their aggregate nominal amount, for general corporate purposes.

At the same time, the Issuer is announcing an invitation (the "Exchange Offer") to holders of its existing Sterling-denominated 7.75 per cent. notes due 2023 (ISIN: XS1998163148) (the "2023 Notes") to exchange their 2023 Notes for new, retail eligible, senior unsecured 12 per cent. Sterling-denominated notes due 12 December 2027. Any notes issued pursuant to the Exchange Offer will form a single series with the New Notes on settlement on 12 December 2023.

The New Notes will bear interest at a fixed rate of 12 per cent. per annum, payable semi-annually in arrear on 12 June and 12 December, each year and will be redeemed (subject to and in accordance with their terms and conditions) at their nominal value on 12 December 2027. Holders of New Notes should, in most normal circumstances, be able to sell their holdings during normal trading hours (subject to market conditions) on the open market through their stockbroker.

The New Notes are expected to be rated BB- by Fitch and Ba3 by Moody's Investors Service.

The New Notes have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter.

The offer period is now open and is expected to close at 12:00 noon (London time) on 23 November 2023. Singer Capital Markets Securities Limited, acting as the Dealer Manager, retains the right to close the offer early, in conjunction with IPF.

The New Notes are expected to be listed on the Financial Conduct Authority's Official List and admitted to trading on the electronic order book for retail bonds of the London Stock Exchange plc's Main Market.

The Final Terms for the New Notes can be found here https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

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For further information, please contact:

International Personal Finance plc

IMPORTANT INFORMATION

This announcement is released by International Personal Finance PLC and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of Regulation (EU) 596/2014 as it forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended ("EUWA") ("UK MAR"), encompassing information relating to an exchange offer, as described above. For the purposes of UK MAR, this announcement is made by Tom Crane for International Personal Finance plc.

The distribution of this announcement and other information in connection with any offer of securities and/or the solicitation of offers for securities in certain jurisdictions may be restricted by law and persons who come into possession of this announcement or any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any securities. This announcement does not constitute and shall not, in any circumstances, constitute a public offering nor an invitation to the public in connection with any offer within the meaning of Regulation (EU) 2017/1129 (the "EU Prospectus Regulation") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (the "UK Prospectus Regulation"). Any offer and sale of any securities will be made in compliance with the requirements of the UK Prospectus Regulation.

Any securities referred to herein will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Subject to certain exceptions, such securities may not be offered, sold or delivered within the United States. The Exchange New Notes (as defined in the Exchange Offer Memorandum), which are in bearer form, are subject to U.S. tax law requirements. Any securities referred to herein would be offered and sold outside of the United States in reliance on Regulation S of the Securities Act. There will be no public offering in the United States.

This announcement does not constitute and shall not, in any circumstances, constitute a public offering nor an invitation to the public in connection with any offer within the meaning of the UK Prospectus Regulation. Any offer and sale of any securities will be made in compliance with the requirements of the UK Prospectus Regulation.

A credit rating is not a recommendation to buy, sell or hold any securities, and may be reduced or withdrawn by the assigning rating agency at any time.

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