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Pre Stabilisation Notice
HSBC Bank plc, acting as Stabilisation Coordinator, has issued a pre-stabilisation notice regarding an offer of EUR Benchmark fixed rate 12-year notes due June 3, 2038, by Smith & Nephew plc. The stabilisation period is expected to commence on May 27, 2026, and conclude no later than July 3, 2026. In connection with this offer, the Stabilisation Manager may over-allot securities or conduct transactions to support the market price, with an over-allotment facility of up to 5% of the aggregate nominal amount available for use over-the-counter. Disclaimer*
About this update from Smith & Nephew Plc
27th May 2026 Smith & Nephew plc Pre Stabilisation Notice HSBC (contact: [email protected]) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities The securities: Issuer: Smith & Nephew plc Guarantor (if any): n/a Aggregate nominal amount: EUR Benchmark Description: Fixed rate 12yr due 3rd Jun 2038 Offer price: TBC Other offer terms: Stabilisation: Stabilising Manager(s): HSBC Bank plc Stabilisation period expected to start on: 27th May 2026 Stabilisation period expected to end no later than: 3rd July 2026 Existence, maximum size & conditions of use of over-allotment facility[1]: 5% of the aggregate nominal amount Stabilisation Venue(s) Over the counter (OTC) In connection with the offer of the above securities, the Stabilisation Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilisation Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended at any time. Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules. 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. In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Regulation (EU) 2017/1129 (the "Prospectus Regulation") (or which has been approved by a competent authority in another Member State and notified to the competent auth...
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