Repricing of Senior Secured Term Loan B

1 August 2016

Micro Focus International plc

Repricing of Senior Secured Term Loan B

Micro Focus International plc ("Micro Focus" or the "Company") is pleased to announce that it has allocated a re-pricing of its senior secured term loan B which will reduce its ongoing interest payments.

The re-priced Term Loan B, which is expected to close on Wednesday 3rd August 2016, has an interest rate of 3.75% above LIBOR (subject to a LIBOR floor of 0.75%) and will continue to amortise at 1.0% per annum of its original value of $1,275m over its 7 year term to November 2021. This is a reduction of 0.50% on the margin over LIBOR and a reduction of 0.25% on the LIBOR floor. All other terms of the Group's Credit Facilities remain the same.

The principal balance outstanding on the repriced Term Loan B is now $1,109.1m and this is expected to reduce to $1,099.5m by 30 April 2017. The revised pricing will provide a cash interest benefit in the first twelve months of approximately $8.3m with the benefit in the remainder of the year ending 30 April 2017 being approximately $6.2m.

For further information, please contact:

Micro Focus Tel: +44 1635 32646

Kevin Loosemore, Executive Chairman

Mike Phillips, Chief Financial Officer

Tim Brill, IR Director

Powerscourt (PR adviser to Micro Focus) Tel: +44 20 7250 1446

Peter Ogden

Sophie Moate