ESKEN LIMITED

Share Issue/Capital Change • Mar 5, 2024

National Storage Mechanism | Additional information

RNS Number : 5467F

Esken Limited

05 March 2024

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

5 March 2024

ESKEN LIMITED

("Esken" or the "Company")

Update on LSA and Carlyle Global Infrastructure Fund

Further to the announcement issued on 19 February 2024, Esken, the aviation group, announces that an extension has been agreed to the date by which it would need to accede to the recapitalisation proposal  between the Company's wholly owned subsidiary, London Southend Airport Company Limited ("LSA"), Carlyle Global Infrastructure Fund ("CGI") and Cyrus Capital Partners ("Cyrus") (the majority holder of the exchangeable bond). As announced previously, Esken had until 4 March 2024 to accede to the proposal.

This extension has been agreed in order that the parties may continue further negotiations on the terms of Esken's potential accession to the proposal. The Company will provide a further update on the outcome of these negotiations when concluded.

Enquiries:

Esken Limited c/o Teneo

Teneo

Olivia Peters

+44 7902 771008

esken@teneo.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDSSMEFLELSESD