4 December 2020

Issue Size Announcement

This announcement constitutes the Issue Size Announcement as referred to in the prospectus dated 23 November 2020 (the “Prospectus”) and must be read in conjunction with the Prospectus.

Defined terms used herein shall have the meanings attributed to them in the Prospectus.

The Offer Period relating to the Bonds closed at 12 noon (London time) on 3 December 2020 and, accordingly, Bonds can no longer be subscribed for pursuant to the offer. In accordance with Article 17 of the Prospectus Regulation, the Issuer is pleased to confirm the following in connection with the offer of the Bonds:


Issue Date: 17 December 2020
Total principal amount of the Bonds issued (including Retained Bonds): £25,000,000
Total principal amount of Retained Bonds £10,000,000
Amount of the Loan to be advanced on the Issue Date £15,000,000
Estimated expenses relating to the offer: £150,000
Estimated net proceeds of the offer: £14,850,000