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to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006   RELEASE OF IRREVOCABLE UNDERTAKING On 31 March 2021, the boards of directors of Sherwood Acquisitions Limited ( Bidco ) and Arrow Global Group plc ( Arrow ) announced that they had reached agreement on the terms and conditions of a recommended cash acquisition by Bidco of the entire issued and to be issued share capital of Arrow (the Acquisition ) to be effected by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the Scheme ) pursuant to the scheme circular published on 28 April 2021 (the Scheme Document ). Capitalised terms in this announcement, unless otherwise defined, have the same meanings given to them in the Scheme Document

United statesUnited kingdomCity ofDarren mckayDerek shakespeareJane druryAndreas wesemannThomas bectiveMorten eikebuAndrew richardsJan skarbekTom druryCitigroup global markets limited lead financial adviserInvestment bank financial adviser to bidcoPrudential regulation authorityCitigroup global markets limited citi