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.

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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.

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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.

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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