Entertainment One Ltd. (eOne) announced the conditional redemption of its £425,000,000 outstanding 4.625% Senior Secured Notes due 2026 (the "Notes"), which is subject to the closing of the transactions contemplated by its previously announced statutory plan of arrangement under section 192 of the Canada Business Corporations Act pursuant to an Arrangement Agreement dated August 22, 2019 (the "Arrangement Agreement, and such closing, the "Transaction Closing"). eOne has delivered (i) a notice for the conditional redemption (the "Equity Redemption") of £170,000,000 aggregate principal amount of the Notes at a redemption price of 104.625% of the principal amount thereof, plus accrued and unpaid interest to the applicable redemption date, (ii) a notice for the conditional redemption (the "Optional Annual Redemption") of £42,500,000 aggregate principal amount of the Notes at a redemption price of 103% of the principal amount thereof, plus accrued and unpaid interest to the applicable redemption date, and (iii) a notice for the conditional redemption (the "Make Whole Redemption" and, together with the Equity Redemption and Optional Annual Redemption, the "Redemptions") of £212,500,000 aggregate principal of the Notes at a redemption price of 100% of the principal amount thereof, plus a make-whole premium and accrued and unpaid interest to the applicable redemption date (collectively, the "Notices"). Under the Notices, the Redemptions are conditioned upon the Transaction Closing (the "Transaction Condition"). The redemption date for the Redemptions shall be, subject to the satisfaction of the Transaction Condition, 2 January 2020, provided that if the Transaction Condition shall not have been satisfied by 30 December 2019, the redemption date shall be the second business day immediately following the satisfaction of the Transaction Condition. The redemption date will not occur later than 17 February 2020 with respect to the Equity Redemption, and 21 February 2020 with respect to the Optional Annual Redemption and Make Whole Redemption.