Victoria Regulatory News (VCP)

For Immediate Release 30 April 2019

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Victoria PLC

('Victoria' or the 'Group')

New Long-Term Debt Finance

The Board of Victoria, the international designers, manufacturers, and distributors of innovative flooring, is pleased to announce that it has agreed new debt financing, which provides the Group with committed long-term funding for five years to 2024 (the "Commitment") to replace the Group's existing EUR445m debt facilities.

The Commitment has been provided by Credit Suisse, working alongside the Group's existing banks, who continue to provide funding to the business.

Geoff Wilding, Chairman of Victoria PLC, commented:

"We are pleased to have secured such an attractive new financing commitment, which provides the Group with long-term financing certainty and strategic flexibility to continue to execute its growth strategy.  The Board has been evaluating a number of alternative debt finance proposals in recent months and has chosen this option due to the improved combination of pricing, covenant flexibility, duration, and access to additional funding to support further growth."

For more information contact:

The person responsible for arranging the release of this information is Michael Scott Group Finance Director of the Company.