LONDON, UK - Media OutReach - 25 February 2019 - Today, February 25, 2019, BMI International Europe Limited being Sole Global Coordinator of R.W. Chelsea Holdings Ltd (the "Issuer") Euro-denominated Global notes (the "Global Notes") issuance starts bookbuilding process for fixed rate bearer Global Notes that will continue up to 5:00 p.m. GMT March 8, 2019.

Settlement upon proposed Regulation S only Global Notes of the Issuer is set on March 8, 2019. Coupon rate will be determined at the book closing, FCA / ICMA stabilization applies.

No prospectus has been or will be approved and/or published pursuant to the Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34/EC as amended (the "Prospectus Directive"). Neither this announcement nor any other announcement connected therewith may be distributed, passed on or disclosed to any other person in the European Economic Area, save as specifically agreed with BMI International Europe Limited. BMI International Europe Limited has represented and agreed that it will offer the Global Notes in the European Economic Area only in compliance with the provisions of the Prospectus Directive and all other laws and regulations in the European Economic Area applicable to the offer and the sale of the Global Notes in the European Economic Area.

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA, JAPAN OR THE UNITED STATES OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS OR IN ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW