RB..L Regulatory News (RB.)

Reckitt Benckiser Group PLC

Legal Entity Identifier: 5493003JFSMOJG48V108

Pricing Announcement

12 May 2020

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

Reckitt Benckiser announces pricing of multi-tranche senior notes offering.

Reckitt Benckiser Group plc ("RB") (LSE: RBL) today announced that (i) Reckitt Benckiser Treasury Services (Nederland) B.V., its indirect wholly-owned subsidiary ("RBTS BV"), had priced its offering of €850 million aggregate principal amount of 0.375% senior notes due 2026 (the "2026 Euro Notes") and €850 million aggregate principal amount of 0.750% senior notes due 2030 (the "2030 Euro Notes"); and (ii) Reckitt Benckiser Treasury Services plc, its indirect wholly-owned subsidiary ("RBTS"), had priced its offering of £500 million aggregate principal amount of 1.750% senior notes due 2032 (the "2032 Pound Sterling Notes" and, together with the 2026 Euro Notes and the 2030 Euro Notes, the "Notes"). The 2026 Euro Notes, the 2030 Euro Notes and the 2032 Pound Sterling Notes were offered at a price of 99.433%, 99.904% and 98.746%, respectively.

The Notes will be guaranteed by RB. Interest on the Notes is payable on 19 May of each year, beginning 19 May 2021. The offering of the Notes is expected to settle on or about 19 May 2020. The net proceeds of the offering of the Notes will be used for general corporate purposes.

The offering is being made by means of an offering memorandum.

Application has been made to the Financial Conduct Authority (the "FCA") for the Notes to be admitted to the official list of the FCA and to be admitted to trading on the regulated market of the London Stock Exchange.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale in the United States or to U.S. persons (as defined in Regulation S under the Securities Act ("Regulation S")) or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.

The Notes and the guarantees have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and, subject to certain exceptions, may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act). The Notes are being offered and sold outside the United States only to non-U.S. persons in reliance on Regulation S and within the United States to "qualified institutional buyers" in reliance on Rule 144A under the Securities Act ("Rule 144A"). Prospective purchasers of the Notes are hereby notified that the seller may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.

This announcement does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities nor is it intended to be an inducement to engage in investment activity for the purpose of Section 21 of the Financial Services and Markets Act 2000 of the United Kingdom.

This announcement is addressed to and directed only at: (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"); (ii) persons who are high net worth entities falling within Article 49(2)(a) to (d) of the Order; (iii) persons outside the United Kingdom; or (iv) other persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). This announcement must not be acted on or relied on, by persons who are not relevant persons. Any investment or investment activity to which this announcement relate is available only to relevant persons and will be engaged in only with such persons.

MiFID II professionals / ECPs only / No PRIIPs KID - manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the United Kingdom.

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Important notice

This announcement is not for release, publication or distribution directly or indirectly, in whole or in part, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. This announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.