Pricing confirmation - EUR200m loan notes

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF Merlin Entertainments plc. NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

FOR IMMEDIATE RELEASE

14 March 2017

Merlin Entertainments plc

Merlin Entertainments plc announces the pricing of its €200 million 2¾% Senior Notes due 2022

Merlin Entertainments plc ("Merlin" or the "Company"), today announces that it has priced its offering (the "Offering") of €200 million aggregate principal amount of its euro-denominated 2¾% Senior Notes due 2022 (the "Notes"). The Notes will bear interest at an annual rate of 2.75% and they will be issued at 103.5% of their nominal value. The Notes are being offered as additional notes under the indenture dated 19 March 2015 pursuant to which the Company issued €500 million in aggregate principal amount of its euro-denominated 2¾% Senior Notes due 2022. The Notes are expected to be issued on 17 March 2017.

The Notes are being offered in a private placement and there will be no public offering of the Notes. The Notes will be offered and sold only to non-U.S. persons outside the United States in offshore transactions in accordance with Regulation S under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act").

Important notice

This press release shall not constitute an offer of securities for sale in the United States or any other jurisdiction. The securities have not been, and will not be, registered under the U.S. Securities Act or the securities laws of any state of the United States or any other jurisdiction and the securities may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state or local securities laws.

This announcement is for information purposes only and is directed only at persons who are: located outside the United States and are (a) persons in member states of the European Economic Area (the "EEA") who are qualified investors (within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as amended, including by Directive 2010/73/EU) and any relevant implementing measure in each member state of the EEA); (b) persons in the United Kingdom who are qualified investors and who are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) persons falling within Article 49(2) (a) to (d) ("high net worth companies, unincorporated associations, etc.") of the Order; or (iii) persons to whom it may otherwise be lawfully communicated (all such persons together being referred to as "relevant persons"). This announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

This announcement contains inside information within the meaning of Regulation (EU) No 596/2014 of 16 April 2014 on market abuse.

Contact:

Merlin Entertainments plc

Matt Jowett

Tel: +44 01202 634 955

e-mail: [email protected]