85JA Sg Issuer 27

 
TIDM85JA 
 
25 June 2009 
 
Tullett Prebon Group Holdings plc 
 
Results of Bond Exchange Offer 
 
NOT FOR DISTRIBUTION TO ANY UNITED STATES OR ITALIAN PERSON OR TO ANY PERSON 
RESIDENT AND/OR LOCATED IN THE UNITED STATES OR ITALY 
 
Tullett Prebon Group Holdings plc (formerly Collins Stewart Tullett plc) (the 
"Company"), a wholly owned subsidiary of Tullett Prebon plc, today announces 
the results of the exchange offer made on the terms and subject to the 
conditions and offer and distribution restrictions set out in to the Exchange 
Offer Memorandum dated 16 June 2009 (the "Exchange Offer Memorandum"). 
 
Capitalised terms used and not otherwise defined in this announcement have the 
meaning given in the Exchange Offer Memorandum. 
 
Holders of the Company's outstanding GBP150,000,000 8.25 per cent. Step-Up Coupon 
Subordinated Notes due 2014 (ISIN: XS0198295379) (the "Existing Notes") were 
invited to offer to exchange (the "Exchange Offer") any or all of such Existing 
Notes for Sterling-denominated Fixed Rate Guaranteed Notes due 2016 guaranteed 
by TP Holdings Limited (the "Guarantor") and issued by the Company (the "New 
Notes"). 
 
The Exchange Offer expired at 4.00 p.m. (London time) on 24 June 2009. 
 
The results of the Exchange Offer are as follows: 
 
  * the principal amount of the Existing Notes offered for exchange was GBP 
    141,144,000 
 
  * the final aggregate principal amount of the Existing Notes accepted for 
    exchange will be GBP141,144,000 
 
  * the final aggregate principal amount of New Notes will be GBP141,144,000 
 
  * the aggregate principal amount of the Existing Notes that will remain 
    outstanding will be GBP8,856,000 
 
  * the Benchmark Treasury Security Rate has been set at 2.540%; and 
 
  * the New Issue Coupon will be 7.040%. 
 
Each Qualifying Noteholder whose offers to exchange Existing Notes were validly 
made and which were accepted will receive on the Settlement Date an equal 
aggregate principal amount of New Notes for each GBP50,000 and higher integral 
multiples of GBP1,000 in principal amount of such Existing Notes and Accrued 
Interest (being GBP74.14 per GBP1,000 principal amount and GBP3,706.85 per GBP50,000 
principal amount). 
 
The Settlement Date will be 6 July 2009. 
 
GENERAL 
 
The Exchange Offer was not made in the United States or Italy or to any U.S. 
person or to any person located or resident in Italy and was also restricted in 
other jurisdictions, as more fully described in the Exchange Offer Memorandum. 
 
The Exchange Offer was made on the terms and subject to the conditions 
contained in the Exchange Offer Memorandum. 
 
Requests for information in relation to the Exchange Offer should be directed 
to the Dealer Managers, being The Royal Bank of Scotland plc and HSBC Bank plc. 
 
FOR FURTHER INFORMATION 
 
Requests for information in relation to the Exchange Offer should be 
directed to: 
 
THE DEALER MANAGERS 
 
HSBC Bank plc 
8 Canada Square 
London E14 5HQ 
 
For information by telephone: 
Tel: +44 20 7991 5893 
Attention: Andrew Montgomery/Adam Borhamley 
Email: liability.management@hsbcib.com 
 
The Royal Bank of Scotland plc 
135 Bishopsgate 
London EC2M 3UR 
United Kingdom 
 
For information by telephone: 
+44 20 7085 8056/0639 
Attention: Andrew Burton/Ed Jennings 
Email: liabilitymanagement@rbs.com 
 
 
 
END 
 

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