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RNS Number : 4265V

Transport For London

13 December 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

Transport for London ("TfL")

13 December 2021

Extension of Government Support Package

TfL announces that the current extraordinary funding and financing agreement between TfL and the Department for Transport ("DfT") has been extended to 17 December 2021.

On 1 June 2021, TfL announced that an extraordinary funding and financing support package (the "Funding Package") had been agreed between TfL and the DfT to support transport services in London and contribute towards TfL's forecast revenue loss due to reduced passenger numbers using TfL services as a result of the pandemic. The Funding Package initially provided support for the period from 29 May 2021 to 11 December 2021.

While TfL continues discussions with the government in relation to further financial support, the terms of the Funding Package have been amended to define the funding period as 29 May 2021 to 17 December 2021. All other provisions of the Funding Package will remain in place, including the Top Up Grant mechanism, pursuant to the terms of the Funding Package.

The terms of the Funding Package announced on 1 June 2021 can be found at:

https://content.tfl.gov.uk/tfl-extraordinary-funding-and-financing-settlement-letter-1-june-2021.pdf

For further information, please contact:

Transport for London

5 Endeavour Square

London

E20 1JN

Email: GroupTreasury@tfl.gov.uk

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December 13, 2021 04:32 ET (09:32 GMT)

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