Notice to Note holders - Release of Guarantors

October 08, 2014

Notice of release of guarantors given by Co-operative Group Limited (an industrial and provident society incorporated and registered in England and Wales under the Industrial and Provident Societies Act 1965 to 2002 with registered number IP525R)

(the "Issuer")

to the holders of those of the

£36,653,721.12 INSTALMENT REPAYMENT SUBORDINATED NOTES DUE 2025

(ISIN: GB00BFXWHQ29. ) (the Instalment Repayment Notes)

constituted by a trust deed dated 20 December 2013 (the Instalment Repayment Notes Trust Deed)

and

£109,062,852 11 PER CENT. SUBORDINATED FINAL REPAYMENT NOTES DUE 2025
 (ISIN: GB00BFXW0630. ) (the Final Repayment Notes)

constituted by a trust deed dated 20 December 2013 (the Final Repayment Notes Trust Deed and, together with the Instalment Repayment Notes Trust Deed, the Trust Deeds)

of the Issuer presently outstanding
 (the "Noteholders" and the "Notes" respectively).

NOTICE IS HEREBY GIVEN pursuant to Condition 12 of the Instalment Repayment Notes and Condition 13 of the Final Repayment Notes that, each of Bestway Pharmacy NDC Limited (formerly known as Co-operative Pharmacy National Distribution Centre Limited) and Bestway Panacea Healthcare Limited (formerly known as Co-operative Group Healthcare Limited) has, in accordance with Condition 4.4 of the Notes and Clause 5.13 of each of the Trust Deeds, been released as a Guarantor in respect of the Notes.

 

REGISTRAR AND PAYING AGENT

Computershare Investor Services plc
 The Pavilions
 Bridgewater Road
 Bristol BS13 8AE
 United Kingdom

TRUSTEE

Law Debenture Trustees Limited
 Fifth Floor
 100 Wood Street
 London EC2 7EX
 United Kingdom
 
This Notice is given by:

Co-operative Group Limited
1 Angel Square
 Manchester
 M60 0AG