International Personal Finance plc announced the successful increase in the aggregate principal amount outstanding of its sterling-denominated 12% notes due 12 December 2027 by £30 million, taking the total amount issued through this series of notes to £80 million. The net proceeds of the newly issued notes will be used to support further growth in the Issuer's business. Summary: holders of £16,842,100 of the Issuer's existing sterling notes due 14 December 2023 have elected to exchange them into the same amount of new 12% notes due 12 December 2027, pursuant to the exchange offer announced on 2 November 2023 (the "Exchange Offer"); and an additional £13,157,900 of new notes will be issued for cash as Cash Offer New Notes (of which, £4,508,400 of Cash Offer New Notes will be retained in treasury by the Issuer, for possible sale in the future).

The net effect is: prior to the Exchange Offer and new issue, the Issuer had £40,494,800 sterling notes maturing 14 December 2023; once the Exchange Offer and new issue settle, the Issuer will have £23,652,700 sterling notes maturing 14 December 2023 and (excluding for these purposes those notes retained in treasury) £75,491,600 sterling notes maturing 12 December 2027, and will receive £8,014,494 of net cash proceeds; and the total size of the issue of New Notes (as defined below) (including those retained in treasury by the Issuer) is £30,000,000.