Exercise of Over-allotment Option

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

FOR IMMEDIATE RELEASE

Exercise of Over-allotment Option

21 November 2013

Further to its announcement on 8 November 2013 relating to its initial public offering (the "Offer"), Merlin Entertainments plc (the "Company" or "Merlin") is pleased to announce that the Stabilisation Manager, Goldman Sachs International, has exercised in its entirety the over-allotment option (the "Over-allotment Option") for 30,380,825 ordinary shares in Merlin (the "Shares") at the Offer price, taking the total number of Shares that were subject to the Offer to 334,189,078. Stabilisation will not be undertaken in connection with the Offer.

Disclaimer

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction.

The ordinary shares of the Company have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States except in transactions exempt from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with state law. There will be no public offer of the ordinary shares in the United States. The ordinary shares of the Company have not been registered under the applicable securities laws of Australia, Canada, Japan or South Africa and, subject to certain exceptions, may not be offered or sold within Australia, Canada, Japan or South Africa. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions.

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