Avi Global Trust PLC

Capital/Financing Update • Jul 26, 2023

National Storage Mechanism | Additional information

RNS Number : 2853H

AVI Global Trust PLC

26 July 2023

Correction - Issue of Japanese Yen Fixed Rate Debt- Completion

AVI GLOBAL TRUST PLC

Legal Entity Identifier (LEI): 213800QUODCLWWRVI968

26 July 2022

ISSUE OF JAPANESE YEN FIXED RATE DEBT - COMPLETION

The announcement released on 26 July 2023 at 9.35am under RNS No 2616H incorrectly stated that the 1.44% Unsecured Loan Notes were due on 25 July 2023, this should have read 25 July 2033.

Further to the announcement issued on 27 June 2023, AVI Global Trust plc (the Company) is pleased to announce that it has yesterday completed an agreement to issue Japanese Yen (JPY) 4.5bn fixed rate unsecured debt, for a term of ten years. The annual interest rate on the debt is 1.44%. The debt is denominated in JPY and is equivalent to approximately GB£25million at current exchange rates.

Following this agreement, the Company currently has the following fixed rate debt in issue:

GB£30m 4.184% Series A Sterling Unsecured Loan Notes, due 15 January 2036

EUR30m 3.249% Series B Euro Unsecured Loan Notes, due 15 January 2036

EUR20m 2.93% Series B Euro Unsecured Loan Notes, due 1 November 2037

JPY8bn 1.38% Unsecured Loan Notes, due 6 July 2032

JPY4.5bn 1.44% Unsecured Loan Notes, due 25 July 2033

In addition, the Company has a JPY12bn multi-currency revolving credit facility none of which is currently being utilised.

The Company is currently 4% geared on a net basis (104% invested).

Enquiries: Asset Value Investors Ltd

020 7659 4800

Disclaimer

The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act. This notice is for information only, does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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