Rule 2.8 Announcement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

17 February 2025

USS Investment Management Limited

No intention to make an offer for Assura plc ("Assura")

On 14 February 2025 the board of directors of Assura announced that it had received an approach from Kohlberg Kravis Roberts & Co. Partners L.L.P. ("KKR") and USS Investment Management Limited (as agent for and on behalf of Universities Superannuation Scheme Limited (acting in its capacity as sole corporate trustee of the Universities Superannuation Scheme)) ("USSIM") (together, the "Consortium") which may or may not lead to an offer being made for Assura. 

USSIM confirms it does not intend to make an offer for Assura, as part of the Consortium or otherwise.

This is a statement to which Rule 2.8 of the Code applies.

Under Note 2 on Rule 2.8 of the Code, USSIM (and anyone acting in concert with it), reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances.

(a) with the agreement of the Board of Assura;

(b) if a third party announces a firm intention to make an offer for Assura (excluding KKR);

(c) if Assura announces a Rule 9 waiver proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and

(d) if there has been a material change of circumstances (as determined by the Panel on Takeovers and Mergers).

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