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Notice of New Guarantors and Release of Guarantors

28th Feb 2022 17:30

RNS Number : 0943D

Berkeley Group (The) PLC

28 February 2022

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS IMMEDIATELY.

28 February 2022

NOTICE TO THE HOLDERS OF THE FOLLOWING NOTES ISSUED BY

THE BERKELEY GROUP PLC(the "Issuer")

£400,000,000 2.500 per cent. Guaranteed Notes due 2031 (ISIN: XS2370445921) (the "Notes")

_______________________

NOTICE OF NEW GUARANTORS AND RELEASE OF GUARANTORS

_______________________

NOTICE IS HEREBY GIVEN THAT:

New Guarantors

In accordance with Condition 2(c) of the Terms and Conditions of the Notes and Clause 4.2 of the trust deed dated 11 August 2021 (the "Trust Deed") made between the Issuer, certain guarantors named therein (the "Guarantors") and HSBC Corporate Trustee Company (UK) Limited (the "Trustee") and by way of a supplemental trust deed between the Issuer, the Trustee and the New Guarantors (as defined below) dated 28 February 2022, the following entities:

1. Berkeley Modular Limited;

2. Berkeley Strategic Land Limited;

3. Berkeley Two Hundred and Eight Limited;

4. Berkeley Twenty-Three Limited;

5. Berkeley Two Hundred and Seventeen Limited;

6. Berkeley Two Hundred and Eighteen Limited;

7. Berkeley Two Hundred and Nineteen Limited,

(together, the "New Guarantors") have acceded to the obligations as Guarantors and become Guarantors under the Notes constituted by the Trust Deed.

Information on the New Guarantors

Name of New Guarantor	Jurisdiction of Incorporation	Date of Incorporation	Registered Number	Registered Address	Business Activity
Berkeley Modular Limited	England	16 December 2016	10529174	Berkeley House, 19 Portsmouth Road, Cobham, United Kingdom, KT11 1JG	Residential-led regeneration and mixed use property development and ancillary activities
Berkeley Strategic Land Limited	England	2 June 1988	02264097	Berkeley House, 19 Portsmouth Road, Cobham, Surrey, KT11 1JG	Residential-led regeneration and mixed use property development and ancillary activities
Berkeley Two Hundred and Eight Limited	England	17 November 2015	09876181	Berkeley House, 19 Portsmouth Road, Cobham, Surrey, United Kingdom, KT11 1JG	Residential-led regeneration and mixed use property development and ancillary activities
Berkeley Twenty-Three Limited	England	14 June 2000	04014991	Berkeley House, 19 Portsmouth Road, Cobham, Surrey, KT11 1JG	Residential-led regeneration and mixed use property development and ancillary activities
Berkeley Two Hundred and Seventeen Limited	England	16 December 2016	10529183	Berkeley House, 19 Portsmouth Road, Cobham, United Kingdom, KT11 1JG	Dormant
Berkeley Two Hundred and Eighteen Limited	England	16 December 2016	10529199	Berkeley House, 19 Portsmouth Road, Cobham, United Kingdom, KT11 1JG	Dormant
Berkeley Two Hundred and Nineteen Limited	England	16 December 2016	10529204	Berkeley House, 19 Portsmouth Road, Cobham, United Kingdom, KT11 1JG	Dormant

Release of Guarantors

In accordance with Condition 2(d) of the Terms and Conditions of the Notes and Clause 4.3 of the Trust Deed made between the Issuer, the Guarantors and the Trustee, by way of a written notice to the Trustee dated 28 February 2022, the following entities:

1. Berkeley Homes (Festival Waterfront Company) Limited;

2. Berkeley Homes (Home Counties) plc;

3. Berkeley Partnership Homes Limited;

4. Stanmore Relocations Limited;

5. PEL Investments Limited;

6. CPWGCO 1 Limited;

7. St George Battersea Reach Limited;

8. Berkeley (Carnwath Road) Limited;

9. St George Developments Limited;

10. Berkeley Homes Special Contracts plc; and

11. Berkeley Homes (West Thames) Limited,

(together, the "Released Guarantors") have been automatically and irrevocably released and relieved of all their obligations as Guarantors and have ceased to be Guarantors under the Notes constituted by the Trust Deed.

Information on the Released Guarantors

Name of Released Guarantor	Jurisdiction of Incorporation	Date of Incorporation	Registered Number	Registered Address	Business Activity
Berkeley Homes (Festival Waterfront Company) Limited	England	24 November 2003	04974207	Berkeley House, 19 Portsmouth Road, Cobham, Surrey, KT11 1JG	Dormant
Berkeley Homes (Home Counties) plc	England	15 July 2002	04486305	Berkeley House, 19 Portsmouth Road, Cobham, Surrey, KT11 1JG	Dormant
Berkeley Partnership Homes Limited	England	12 June 1986	02027578	Berkeley House, 19 Portsmouth Road, Cobham, Surrey, KT11 1JG	Dormant
Stanmore Relocations Limited	England	23 May 2005	05459681	Berkeley House, 19 Portsmouth Road, Cobham, Surrey, KT11 1JG	Dormant
PEL Investments Limited	England	27 March 2006	05757113	Berkeley House, 19 Portsmouth Road, Cobham, Surrey, KT11 1JG	Dormant
CPWGCO 1 Limited	England	9 June 2009	06928853	Berkeley House, 19 Portsmouth Road, Cobham, Surrey, KT11 1JG	Dormant
St George Battersea Reach Limited	Jersey	14 August 1997	69473	PO Box 521, 9 Burrard Street, St. Helier, Jersey, JE4 5UE	Residential-led regeneration and mixed use property development and ancillary activities
Berkeley (Carnwath Road) Limited	Isle of Man	11 May 2007	000872V	First Floor, Jubilee Buildings, Victoria Street, Douglas, IM1 2SH, Isle of Man	Dormant
St George Developments Limited	England	4 March 2005	05383543	Berkeley House, 19 Portsmouth Road, Cobham, Surrey, KT11 1JG	Dormant
Berkeley Homes Special Contracts public limited company	Scotland	13 November 1967	SC045234	Saltire Court, 20 Castle Terrace, Edinburgh, EH1 2EN	Dormant
Berkeley Homes (West Thames) Limited	England	19 October 2005	05596699	Berkeley House, 19 Portsmouth Road, Cobham, Surrey, KT11 1JG	Dormant

________________________________________________

The New Guarantors and Released Guarantors are direct or indirect wholly-owned subsidiaries of the Issuer.


FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Robertson Novella Communications Tel: 020 3151 7008
Ann Dibben Company Secretary The Berkeley Group plc

The Issuer's LEI is: 2138001V85JLYR7AUB61

Further information on The Berkeley Group plc is available at https://www.berkeleygroup.co.uk/

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END

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