General Announcement::Minimum New Issue Initial Distribution Rate of the New Securities

Issuer & Securities

Issuer/ Manager: SAN MIGUEL GLOBAL POWER HOLDINGS CORP.
Securities: SAN MIGUELUS$600M5.7%PERCAPSEC - XS2098881654 - 9HXB
SANMIGUELUS$500M5.95%PERCAPSEC - XS2072777381 - VXVB
SAN MIGUEL US$400M7%PERCAPSEC - XS2239056174 - FJRB
Stapled Security: No

Announcement Title: General Announcement
Date &Time of Broadcast: 18-Nov-2024 16:59:05
Status: New
Announcement Sub Title: Minimum New Issue Initial Distribution Rate of the New Securities
Announcement Reference: SG241118OTHRAUMC
Submitted By (Co./ Ind. Name): Latham & Watkins LLP
Designation: Latham & Watkins LLP
Description (Please provide a detailed description of the event in the box below): Reference is made to the announcement of San Miguel Global Power Holdings Corp. (formerly known as SMC Global Power Holdings Corp.) (the "Offeror") dated 14 November 2024 (the "Announcement"), in respect of its separate invitations to eligible holders of its (a) outstanding 5.95% Securities, 7.00% Securities and 5.70% Securities to the Exchange Offers; and/or (b) outstanding 5.95% Securities and 7.00% Securities to the Tender Offers, in each case, subject to satisfaction (or waiver) of the New Issue Condition and the other conditions described in the Offer Memorandum. Capitalised terms used and not otherwise defined in this announcement have the meanings given to them in the Offer Memorandum and the Announcement.

The Offeror is pleased to announce that the Minimum New Issue Initial Distribution Rate of the New Securities to be issued in connection with the Exchange Offers and the Additional New Securities Issuance is 8.00% per annum.

Please refer to the attachment for more information.

Total size =241K