37PB Pension Ins 24

TIDM37PB

RNS Number : 4772G

Pension Insurance Corporation PLC

23 July 2019

Pension Insurance Corporation plc publishes an offering memorandum in relation to GBP450,000,000 7.375 per cent. Fixed Rate Reset Perpetual Restricted Tier 1 Contingent Convertible Notes

London, 23 July 2019 - Pension Insurance Corporation plc today announces that it has published an offering memorandum (the "Offering Memorandum") in relation to GBP450,000,000 7.375 per cent. Fixed Rate Reset Perpetual Restricted Tier 1 Contingent Convertible Notes (the "Notes").

The Offering Memorandum has been approved as Listing Particulars by The Irish Stock Exchange plc, trading as Euronext Dublin, and is now available for viewing. To view the Offering Memorandum, please paste the following URL into the address bar of your browser: https://www.pensioncorporation.com/financials/pic-rating-and-debt-issuance/

For further information, please contact:

   Pension Insurance Corporation      Jeremy Apfel                          +44 (0)20 7105 2140 

apfel@pensioncorporation.com

About Pension Insurance Corporation

The purpose of Pension Insurance Corporation plc ("PIC") is to pay the pensions of its current and future policyholders. PIC provides secure and stable retirement incomes through leading customer service, comprehensive risk management and excellence in asset and liability management. At half-year 2019, PIC had insured 218,000 pension scheme members and had GBP39.6 billion in financial investments, accumulated through the provision of tailored pension insurance buyouts and buy-ins to the trustees and sponsors of U.K. defined benefit pension schemes. Clients include FTSE 100 companies, multinationals and the public sector. PIC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (FRN 454345). For further information please visit www.pensioncorporation.com

Pension Insurance Corporation plc

14 Cornhill

London EC3V 3ND

Registered in England and Wales

Company No. 05706720

DISCLAIMER - INTENDED ADDRESSEES

This publication does not constitute an offering of debt instruments, and is not for distribution in or into the United States. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under any relevant securities laws of any state of the United States and, subject to certain exceptions, the Notes may not be offered, sold or delivered in the United States or to, or for the account or benefit of, U.S. persons, as such terms are defined in Regulation S under the Securities Act. There will be no public offering of the Notes in the United States.

Please note that the information contained in this announcement may be addressed to and/or targeted at persons who are residents of particular countries only and is not intended for use and should not be relied upon by any person outside these countries.

Your right to access this service is conditional upon complying with the above requirements.

END

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July 23, 2019 12:01 ET (16:01 GMT)

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