Completion of Placing of Shares

Completion of Placing of Shawbrook Group plc Shares

The company has been informed that the Special Opportunities Fund (Guernsey) LP ("SOF"), advised by its investment advisor Pollen Street Capital Limited ("PSC"), announces that it has agreed the sale (the "Placing") of 25 million shares (the "Placing Shares") in Shawbrook Group plc (the "Company"). The Placing Shares represent 10% of the Company's issued share capital. The final offer price was set at £3.35 per share.

On completion of the Placing, SOF will hold, in aggregate, 111.5 million shares in the Company, representing 44.6% of the issued share capital of the Company. The remaining shares in the Company held by SOF will be subject to a lock-up period of 90 days from completion of the Placing (subject to certain customary exceptions), which can only be waived with the consent of Goldman Sachs International, who acted as sole bookrunner in connection with the Placing.

Enquiries

Instinctif Partners

Mike Davies 020 7457 2051

[email protected] 

Disclaimer / Forward looking statements

Important notice

The Bookrunner is authorised and regulated by the Financial Conduct Authority and authorised by the Prudential Regulatory Authority (the "PRA") in the United Kingdom. The Bookrunner is acting exclusively for PSC and no-one else in connection with the Placing. They will not regard any other person as their respective clients in relation to the Placing and will not be responsible to anyone other than PSC for providing the protections afforded to their respective clients, nor for providing advice in relation to the Placing, the contents of this announcement or any transaction, arrangement or other matter referred to herein.