Restructuring Launch

Intu Debenture PLC

Notice of Meeting

Intu Debenture PLC

LEI: 213800UX3TM5RGB1UF29

£354,876,000 5.562 per cent. First Mortgage Debenture Stock 2027 (the "Stock")

INTU DEBENTURE PLC (THE "COMPANY") ANNOUNCES PUBLICATION OF NOTICE OF MEETING OF STOCKHOLDERS

1 August 2023

Notice of Meeting

Intu Debenture PLC has, in accordance with the terms of the Trust Deed, convened a meeting of the Stockholders to consider those matters set out in the Notice of Meeting of Stockholders (the "Meeting") at which the Stockholders will be asked to approve an Extraordinary Resolution regarding the proposed amendment and restructuring transaction more fully set out in the Notice of Meeting. The Meeting is to be held on 5 September 2023 virtually by way of videoconference at 10.00 a.m. (London time).

Stockholders should refer to the Notice of Meeting for further details in connection with participating in the Meeting and/or voting in respect of the Extraordinary Resolution.

The Notice of Meeting which sets out the Extraordinary Resolution being proposed to the Stockholders and the background to the Extraordinary Resolution, copies of the Trust Deed, the Supplemental Trust Deed, the Jersey Trust Deed, the Tripartite Agreement, the 2023 Additional Security Documents and the Duty of Care Deeds (each term as defined in the Notice of Meeting) will be distributed to the Stockholders by post and will also be made available through a secured web portal the details of which are available from the Trustee who can be contacted at legalnotices@lawdeb.com.

A copy of the Notice of Meeting has been submitted to the National Storage Mechanism and will be available shortly for inspection at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

The Company will continue to keep the Stockholders notified of any relevant developments in accordance with applicable law and regulation.

Capitalised terms used in this announcement and not otherwise defined shall have the meanings given to them in the Trust Deed dated 5 October 2006 (as amended and supplemented from time to time) and the Supplemental Trust Deed dated 30 July 2020 (together, the "Trust Deed") constituting the Stock and made between the Company, the Charging Subsidiaries (as defined in the Trust Deed), and The Law Debenture Trust Corporation p.l.c. (the "Trustee"), unless the context otherwise requires.

Please note that the Trustee has not been involved in the preparation or formulation of this announcement, the Notice of Meeting or the Extraordinary Resolution and expresses no views or opinions on this announcement, the Notice of Meeting or the Extraordinary Resolution. Stockholders are advised to take their own legal, financial and/or tax advice in relation to this announcement, the Notice of Meeting and the Extraordinary Resolution.

Stockholders should contact the following for further information:

Company

Simmons & Simmons LLPCitypoint1 Ropemaker StreetLondonEC2Y 9SSUnited Kingdom

Email: intu@simmons-simmons.com

Attention: James Taylor

Registrar 

Link Group 10th FloorPXS 1 Central Square 29 Wellington Street Leeds, LS1 4DLUnited Kingdom

Telephone: +44 371 664 0300

(Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. Open between 09:00 - 17:30, Monday to Friday excluding public holidays in England and Wales)

Email: shareholderenquiries@linkgroup.co.uk

Alvarez & Marsal Europe LLP and Milbank LLP have been retained as financial and legal advisers to an ad hoc group of Stockholders. Their contact details are as follows: ProjectIrisAMTeam@alvarezandmarsal.com and Iris@milbank.com.

This announcement is made by Intu Debenture PLC

Dated: 1 August 2023