BOPARAN HOLDINGS LIMITED ANNOUNCES PARTIAL REDEMPTION OF ITS 9.375% SENIOR NOTES DUE 2029

Boparan Holdings Limited (the “Company”) today announced that its wholly-owned subsidiary, Boparan Finance plc (the “Issuer”) has delivered a conditional notice of redemption to the trustee for its 9.375% Senior Notes due 2029 (Rule 144A ISIN No. XS2928675060 and Common Code 292867506 and Reg S ISIN No. XS2928674840 and Common Code 292867484) (the “Notes”) under which it called for partial redemption on November 4, 2025 (the “Redemption Date”) of £39,000,000 aggregate principal amount of outstanding Notes.

Subject to the Redemption Condition (as defined below), the notes will be redeemed at a redemption price of 103.000% of the principal amount thereof plus accrued and unpaid interest on the Notes to be redeemed on the Redemption Date. The funds to be used for the redemption will be funds on the Company’s balance sheet. The notice of redemption is conditioned upon the Issuer having, on the Redemption Date, sufficient available liquidity, after giving effect to the redemption, to meet its obligations as they become due in the ordinary course of business (the “Redemption Condition”).

Selection of the Notes for redemption will be made by the trustee or the registrar in accordance with the terms of the indenture governing the Notes (the “Indenture”) based on a pro rata basis or on a method that most nearly approximates a pro rate selection, unless otherwise required by law or applicable stock exchange or depositary requirements.

This press release does not constitute an offer to purchase or redeem, or a solicitation of an offer to sell, the Notes. 

Enquiries: 

Please go to the Investor Relations section of the corporate website

www.2sfg.com/Investors/Investor-Contacts

A copy of this announcement will also be made available at

www.2sfg.com/investors

About Boparan Holdings: 

Boparan Holdings is the parent company for 2 Sisters Food Group with headquarters in Birmingham. We are a leading food manufacturer with strong market positions in Protein, Chilled, Bakery and Frozen categories. We focus on delivering the highest quality products to our customers at the lowest cost.

This announcement contains forward-looking statements in relation to Boparan Holdings Limited (the “Company”) and its subsidiaries. By its very nature, forward-looking information requires the Company to make assumptions that may not materialise or that may not be accurate. Forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise, except as required by law.

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