Great Portland Estates PLC

Capital/Financing Update • Oct 23, 2025

National Storage Mechanism | Additional information

RNS Number : 4642E

Great Portland Estates PLC

23 October 2025

23 October 2025

GPE signs new £525 million ESG-linked revolving credit facility

Great Portland Estates plc ('GPE' or the 'Group') announces that it has signed a new £525 million ESG-linked unsecured revolving credit facility ('RCF') with a group of four existing relationship banks. The facility has a headline margin of 105 basis points over SONIA, with an initial five-year term, which may be extended to a maximum of seven years at GPE's request, subject to bank consent. The facility incorporates our ESG KPI-linked margin adjustments and standard unsecured financial covenants, consistent with our existing bank arrangements.

The new RCF replaces the Group's existing £450 million facility and will be available for general corporate purposes; this includes the prepayment of its £75m term loan which has a headline margin of 175 basis points over SONIA.

In addition, GPE has exercised the first extension option on its existing £150 million ESG-linked revolving credit facility, extending its maturity to October 2028. The Group's total bank facilities remain unchanged at £675 million. These refinancing activities have increased the Group's weighted average debt maturity by approximately two years on a fully drawn basis.

The participating banks are NatWest, Santander, Bank of China and Lloyds Bank plc. NatWest acted as the Documentation Coordinator and Santander as the Sustainability Coordinator.

Nick Sanderson, CF&OO, said , "We are delighted to have arranged our largest ever bank facility with existing relationship banks, demonstrating strong support for our focused strategy. Along with our existing £150m RCF, our bank debt facilities provide further flexibility for us as we allocate capital into our development and refurbishment pipeline, delivering premium spaces for our customers."

Great Portland Estates plc	+44	(0)	20	7647	3000
Nick Sanderson, Chief Financial & Operating Officer
Martin Leighton, Joint Director of Finance
Holly Reynolds, Senior Corporate Finance & Tax Manager
FGS Global
James Murgatroyd	+44	(0)	20	7251	3801
Gordon Simpson

For further information see www.gpe.co.uk or follow us on X at @GPE_London

LEI Number: 213800JMEDD2Q4N1MC42

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 [email protected] 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

MSCUURBRVOURUAA