Wm Morrison Supermarkets PLC announced the pricing by Market Bidco Finco Plc (the "Senior Secured Notes Issuer"), a wholly owned subsidiary of the Company's indirect parent, Market Holdco 3 Limited ("Parent"), of the Senior Secured Notes Issuer's £1,075,000,000 aggregate principal amount of its 5½% Senior Secured Notes due 2027 (the "GBP Senior Secured Notes"). The closing of the offering is expected to occur on May 13, 2022, subject to customary closing conditions. The principal indirect beneficial owners of the Senior Secured Notes Issuer are funds managed or advised by Clayton, Dubilier & Rice, LLC ("CD&R").

The Senior Secured Notes Issuer intends to use the proceeds from the offering to repay a portion of the loans outstanding under the senior secured bridge loan facility drawn upon by Market Bidco Limited ("Bidco"), a wholly-owned subsidiary of Parent, in connection with the financing of Bidco's acquisition of the entire share capital of the Company effected by means of the Scheme of Arrangement under Part 26 of the Companies Act 2006, dated September 25, 2021, which became effective on October 27, 2021.