Schroders PLC Partial Withdrawal - Letter of Intent (3410B)

TIDMSDR TIDMAIR

RNS Number : 3410B

Schroders PLC

10 February 2022

Letter of Intent: Acquisition of Air Partner plc and disposal by the Company of Wheels Up UK Limited

On 27(th) January 2022, Schroder Investment Management Limited provided a Letter of Intent regarding its intentions in relation to 6,900,000 shares.

In accordance with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i), we advise that, subject to clause 2.6 of the letter of intent, we have disposed of a further 85,000 shares, and are no longer in a position to accept or procure the acceptance of the Offer, in relation to 4,895,000 shares.

Taryn Holland

Senior Compliance Manager

Schroders Group Compliance

T: +44 207 658 2959

E: Taryn.Holland@Schroders.com

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February 10, 2022 09:20 ET (14:20 GMT)

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