RNS Number : 5255D

Deutsche Bank AG London

28 October 2020

28 October 2020

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful

Drax Finco plc
Post-Stabilisation Notice

Pursuant to Article 6(3) of Commission Delegated Regulation (EU) 2016/1052 supplementing Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation, Deutsche Bank AG, London Branch (contact: Diarmuid Toomey, telephone +44 (0)207 5454726) hereby gives notice that no stabilisation was undertaken by the Stabilising Manager named below in relation to the offer of the following securities..

Issuer:                                                 Drax Finco plc

Guarantors (if any):                            The Notes will be guaranteed on a senior basis by Drax

Corporate Limited, Drax Smart Generation Holdco Limited, Drax Fuel Supply Limited, Drax Power Limited, Drax Smart Supply Holdco Limited, Haven Power Limited, Haven Heat Limited, Drax Retail Developments Limited, Opus Energy Group Limited, Opus Energy Limited, Opus Energy (Corporate) Limited, Opus Gas Supply Limited, Opus Energy Renewables Limited, Farmoor Energy Limited, Donnington Energy Limited, Drax Research and Innovation Holdco Limited, Drax Corporate Developments Limited, Drax Smart Sourcing Holdco Limited, Drax Innovation Limited, Drax Biomass Transit LLC, Morehouse BioEnergy LLC, Drax Biomass International Holdings LLC, Drax Biomass Holdings LLC, Drax Biomass Inc., Baton Rouge Transit LLC, DBI O&M Company LLC, Amite BioEnergy LLC, Tyler BioEnergy LLC, Jefferson Transit LLC, LaSalle BioEnergy LLC and Drax Generation Enterprise Limited (each, a "Subsidiary Guarantor") and DGHL

Aggregate nominal amount:               EUR 250,000,000

Description:                                         EUR 250,000,000 Senior Secured Notes, 2.625% due November 2025 (RegS: XS2247614063)

Issue/Reoffer Price:                            100.00

Spread over benchmark:                    342bps

Stabilising Manager(s):                       Deutsche Bank AG, London Branch

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.

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