William Hill launches £350m Corporate Bond

THIS ANNOUNCEMENT IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW

William Hill launches £350m corporate bond

20 May 2016

William Hill PLC (William Hill or the Group) (LSE: WMH), announces the launch of a corporate bond (the "Bonds") to institutional investors.

The Bonds will be issued with a coupon of 4.875% and for an aggregate principal amount of £350m. The proceeds of the Bonds, which will mature in 2023, will be used to refinance the Company's existing debt and for its general corporate purposes.

The issue of the Bonds will strengthen the Group's balance sheet by lengthening the maturity profile of its borrowings and, once the £300m 7.125% Guaranteed Notes due 2016 have been repaid, reduce its financing costs.

The Bonds were priced today and are expected to be issued on or about 27 May 2016.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the bonds. Any investment decision made in connection with the Bonds MUST be based solely on the information contained in the final Prospectus. The final Prospectus for the Bonds is expected to be approved by the UK Listing Authority on or around 24 May 2016 and will be available to view via the Group's corporate website at www.williamhillplc.com, at the registered office of William Hill PLC (Greenside House, 50 Station Road, London N22 7TP), via the National Storage Mechanism and via the Regulatory Information Service.

Please note that the information contained in the Prospectus for the bonds is addressed to and/or targeted at persons who are residents of particular countries only and is not intended for use and should not be relied upon by any person outside those countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein. No action has been taken that would, or is intended to, permit a public offer of the Bonds in any country or jurisdiction where any such action for that purpose is required.

THIS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES REFERRED TO IN THIS DOCUMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE US SECURITIES ACT OF 1933 AS AMENDED (THE "SECURITIES ACT") OR UNDER THE SECURITIES LEGISLATION OF ANY STATE OF THE UNITED STATES, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OTHER THAN PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFER OF THE BONDS IN THE UNITED STATES.

Stabilisation in respect of the Bonds may be conducted in accordance with FCA and ICMA Rules.

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Enquiries:

William Hill PLC

Philip Bowcock, Chief Financial Officer

Nilay Patel, Group Treasurer

Lyndsay Wright, Director of Investor Relations

Tel: +44 (0) 20 8918 3600

About William Hill PLC

William Hill, The Home of Betting, is one of the world's leading betting and gaming companies, employing around 16,000 people. Founded in 1934, it is the UK's largest bookmaker with around 2,370 licensed betting offices that provide betting opportunities on a wide range of sporting and non-sporting events, gaming on machines and numbers-based products including lotteries. The Group's Online business (www.williamhill.com) is one of the world's leading online betting and gaming businesses, providing customers with the opportunity to access William Hill's products online, through their smartphone or tablet, by telephone and by text services. William Hill US was established in June 2012 and provides land-based and mobile sports betting services in Nevada, and is the exclusive risk manager for the State of Delaware's sports lottery. William Hill Australia is one of the largest online betting businesses in Australia, established through the acquisition of two businesses in 2013. It offers sports betting products online, by telephone and via mobile devices. William Hill PLC is listed on the London Stock Exchange. The Group generated revenues of c£1.6bn in 2015.