20th Mar 2006 15:08
Sainsbury(J) PLC20 March 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THEUNITED STATES OR ITALY 20 March 2006 NOTICE To the Noteholders of the Outstanding £314,500,000 5.25 per cent. Notes due 2007 €800,000,000 5.625 per cent. Notes due 2008 £300,000,000 6.50 per cent. Notes due 2012 £250,000,000 6.125 per cent. Notes due 2017 £350,000,000 6.00 per cent. Notes due 2032 issued by J Sainsbury plc under its £2,500,000,000 Euro Medium Term Note Programme Confirmation of the Repurchase Price and Early Repurchase Price in respect of each Series of Existing Notes This announcement is made in respect of the Offers set out in the Tender Offerand Consent Solicitation Memorandum dated 24 February 2006 (the "OfferMemorandum"). Terms and expressions defined in the Offer Memorandum have thesame meaning in this announcement. J Sainsbury plc hereby announces the calculation of the respective RepurchasePrices, Early Repurchase Prices and Accrued Interest for each Series of ExistingNotes. 1. £314,500,000 5.25 per cent. Notes due 2007 (a) Repurchase Yield =4.764% (b) Early Repurchase Yield = 4.664% (c) Benchmark Reference Security Yield = 4.364% (d) Repurchase Price = £1,004.53 per £1,000 Nominal Amount (e) Early Repurchase Price = £1,005.65 per £1,000 Nominal Amount (f) Accrued Interest = £44.73(1) per £1,000 Nominal Amount (g) Early Submission Amount= £1.12 per £1,000 Nominal Amount 2. €800,000,000 5.625 per cent. Notes due 2008 (a) Repurchase Yield = 3.544% (b) Early Repurchase Yield = 3.444% (c) Benchmark Reference Security Yield = 3.244% (d) Repurchase Price = €1,044.97 per €1,000 Nominal Amount (e) Early Repurchase Price = €1,047.22 per €1,000 Nominal Amount (f) Accrued Interest = €39.45(2) per €1,000 Nominal Amount (g) Early Submission Amount= €2.25 per €1,000 Nominal Amount 3. £300,000,000 6.50 per cent. Notes due 2012 (a) Repurchase Yield = 5.328% (b) Early Repurchase Yield = 5.278% (c) Benchmark Reference Security Yield = 4.378% (d) Repurchase Price = £1,057.14 per £1,000 Nominal Amount (e) Early Repurchase Price = £1,059.92 per £1,000 Nominal Amount (f) Accrued Interest =£45.591 per £1,000 Nominal Amount (g) Early Submission Amount= £2.78 per £1,000 Nominal Amount 4. £250,000,000 6.125 per cent. Notes due 2017 (a) Repurchase Yield =5.457% (b) Early Repurchase Yield = 5.407% (c) Benchmark Reference Security Yield = 4.357% (d) Repurchase Price = £1,048.01 per £1,000 Nominal Amount (e) Early Repurchase Price = £1,052.31 per £1,000 Nominal Amount (f) Accrued Interest = £59.241 per £1,000 Nominal Amount (g) Early Submission Amount= £4.30 per £1,000 Nominal Amount 5. £350,000,000 6.00 per cent. Notes due 2032 (a) Repurchase Yield = 5.526% (b) Early Repurchase Yield = 5.476% (c) Benchmark Reference Security Yield =4.126% (d) Repurchase Price = £1,053.76 per £1,000 Nominal Amount (e) Early Repurchase Price = £1,061.02 per £1,000 Nominal Amount (f) Accrued Interest = £58.031 per £1,000 Nominal Amount (g) Early Submission Amount= £7.26 per £1,000 Nominal Amount Important Notice No offer or invitation to acquire or exchange any securities or proposals toExisting Noteholders is being made pursuant to this notice. Any such offer,invitation or proposals are only being made in the Offer Memorandum and any suchacquisition or exchange or acceptance of such proposals should be made solely onthe basis of information contained in the Offer Memorandum. A copy of the OfferMemorandum is available at the offices of the Existing Paying Agents. -------------------------- (1) Shown rounded to nearest £0.01 per £1,000; for actual calculations, accruedinterest is rounded to nearest £0.01 based on full position (2) Shown rounded to nearest €0.01 per €1,000; for actual calculations, accruedinterest is rounded to nearest €0.01 based on full position This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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