Settlement of Tender Offers – USD-denominated Hybrid Notes, and USD- and EUR- denominated Senior Notes

Disclaimer
Important Notice

This announcement must be read in conjunction with the Hybrid Notes Tender Offer Memorandum or the Senior Notes Tender Offer Memorandum distributed separately. Each Eligible Holder is recommended to seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.

Nothing in this announcement, the Hybrid Notes Tender Offer Memorandum or the Senior Notes Tender Offer Memorandum constitutes an offer to buy, or the solicitation of an offer to sell, Target Notes to any person in any jurisdiction where it is unlawful to do so. Persons into whose possession this announcement, the Hybrid Notes Tender Offer Memorandum and/or the Senior Notes Tender Offer Memorandum come are required to inform themselves about, and to observe, any such restrictions. Each Eligible Holder participating in the Tender Offers will be deemed to have represented to various matters described in the Hybrid Notes Tender Offer Memorandum or the Senior Notes Tender Offer Memorandum, as applicable, including that it is an Eligible Holder. Each direct participant in Euroclear or Clearstream (the “Clearing Systems”), by tendering their Target Notes, will be deemed to have given authority to the relevant Clearing System to provide details concerning such direct participant's identity to the Tender Agent.

By giving Tender Instructions, holders will be deemed to make a series of representations, warranties and undertakings, which are set out in the Hybrid Notes Tender Offer Memorandum or the Senior Notes Tender Offer Memorandum. Only Eligible Holders who have, or on whose behalf their brokers, dealers, custodians, trust companies or other nominees have, completed the procedures described in the applicable Tender Offer Memorandum are eligible to participate in the Tender Offers.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase, or subscribe for the Target Notes. This announcement is not, and is not intended to be, an offer of securities of SBG for sale, or the solicitation of an offer to buy securities of SBG in the United States. The Target Notes have not been and will not be registered under the U.S. Securities Act, or any state securities laws of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in regulation S under the U.S. Securities Act) except pursuant to an exemption under, or in a transaction not subject to, the U.S. Securities Act. This announcement and the information contained herein are not for distribution, directly, or indirectly, in or into the United States. No public offer of the Target Notes is being or will be made in the United States.