R.E.A. Holdings plc: Trading update

In light of the current market circumstances arising as a result of the COVID-19 pandemic, REA Holdings and REA Finance have agreed that the terms of the proposals be enhanced. With the agreement of Apex Corporate Trustees (UK) Limited, as trustee for the holders of the sterling notes (the "noteholders"), REA Finance (as issuer), REA Holdings (as guarantor) and REA Services (as co-guarantor) agree that the terms of the sterling notes will be further amended to provide that a premium be paid on redemption of the sterling notes on 31 August 2025 (or earlier in the event of default) or on surrender of the sterling notes in satisfaction, in whole or in part, of the subscription price payable on exercise of the warrants to be issued by REA Holdings in consideration of (and subject to) noteholders sanctioning the proposals (the "warrants") on the final subscription date (namely 15 July 2025). The premium will not be payable on redemption of the sterling notes on surrender of the sterling notes in satisfaction, in whole or in part, of the subscription price payable on exercise of the warrants on any subscription date other than the final subscription date. The premium is 4p per £1 nominal of sterling notes.