AA Intermediate Co Limited results

AA PLC

AA Intermediate Co Limited results for the year ended 31 January 2016

In compliance with the requirements of AA Intermediate Co Limited's ('AA Intermediate Co') Class A and Class B notes, full year results for AA Intermediate Co have been issued to the Irish Stock Exchange. The results are also available on the AA plc website at www.theaaplc.com.

AA Intermediate Co Limited is the parent company of the companies that provide security and guarantees under the Whole Business Securitisation ('WBS') financing arrangements entered into by the AA on 2 July 2013.

AA Intermediate Co Limited's results differ from the results of AA plc that were announced on 5 April 2016.

The material differences relate to the consolidated assets and liabilities as follows:

1. Inter-company balances, which were £1,214m lower for AA plc than for AA Intermediate Co as all non-trading balances were eliminated in AA plc as part of the 2013 financing transaction;

2. Cash balances, which were £72m higher for AA plc than for AA Intermediate Co as £14m of restricted cash was held at AA plc level for the AA plc group's Insurance Underwriting activities and £58m of available cash was held mainly as the result of a dividend of £60m, paid from AA Intermediate Co to AA plc for the payment of external dividends to shareholders.

While there are some immaterial differences between the revenue and Trading EBITDA of AA Intermediate Co Limited and AA plc, the trading performance of the companies is substantially comparable.

Enquiries

IR

Jill Sherratt, Head of Investor Relations +442073957301

James Curran, Investor Relations Manager +442073957443

Media

Francesca Tuckett, Headland +442038054822