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SHARED ACCESS SECURES £300 MILLION IN GROWTH FINANCING

8th December 2021

SHARED ACCESS SECURES £300 MILLION IN GROWTH FINANCING

Shared Access has secured £300 million of long-term growth financing led by Post Road Group and Security Benefit. The new credit facility builds on the successful last four years’ funding relationship with Post Road Group and will fund Shared Access’s next round of investment in communications infrastructure. Activity will be focused on Shared Access’s tower business and its in-building connectivity offering. Shared Access has designed and installed over 1,000 masts across the UK and Ireland. Additionally, the company owns and operates high capability in-building wireless infrastructure at key venues such as the Aviva Stadium in Dublin and the world-class Tottenham Hotspur stadium in London.

“This new facility enables us to accelerate our pipeline growth, build new towers and grow our indoor connectivity business and provides capital to grow our wireless infrastructure portfolio through acquisitions,” said Chris Jackman, CEO of Shared Access.

“It has been a tremendous pleasure to partner with the Shared Access team over the past four years to grow the company’s tower portfolio and in-building wireless solutions business. We believe that as the UK and Ireland continue to upgrade to 5G networks, Shared Access is well positioned to be a leading wireless infrastructure partner for carriers and businesses throughout the region,” commented Michael Bogdan, a Managing Partner at Post Road Group.

Peter Kelley, Associate Vice President of Investments at Security Benefit, noted, “We are delighted to partner with the Shared Access team on their future development. The wireless infrastructure industry is an attractive market, and we look forward to supporting the company as they continue to pursue their exceptional growth plan.”

About Post Road Group

Post Road Group (“Post Road” or “PRG”) is a private investment firm located in Stamford, Connecticut investing in corporate credit and real estate. Since its founding in 2015, Post Road Group has completed over $1.3 billion of investments. PRG’s Corporate Credit platform provides growth capital through senior secured loans and structured equity investments in the Technology, Media, Telecommunications (“TMT”), and business service industries, with a focus on telecom infrastructure and communications services in the lower-middle market, providing high-growth companies with flexible capital for strategic acquisitions, organic growth, and other special situations. The Firm’s Multifamily platform acquires and operates well-located multifamily properties nationwide, with a focus on attractive in-place cash flow and the ability to create value through repositioning. The Firm’s Real Estate Credit platform provides fast, flexible lending solutions to real estate owners, leveraging its extensive network and expertise to source investments that require flexible capital, need to close quickly, or are overlooked by banks and other traditional lenders. For more information about Post Road Group, please visit www.postroadgroup.com.

About Security Benefit

Security Benefit Corporation (“Security Benefit”), through its subsidiary Security Benefit Life Insurance Company (SBL), a Kansas-based insurance company that has been in business for 129 years, is a leader in the U.S. retirement market. Security Benefit together with its affiliates offers products in a full range of retirement markets and wealth segments for employers and individuals and held nearly $50 billion in assets under management as of June 30, 2021. Security Benefit is one of the fastest growing U.S. retirement companies and continues its mission of helping Americans To and Through Retirement®. Learn more at www.securitybenefit.com. Security Benefit is wholly-owned by Eldridge Industries, a diversified holding company with interests in insurance, asset management, technology, real estate, sports & media, and consumer.

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Shared Access and Tottenham Hotspur embarked on an audacious mission in 2017 – to bring world class connectivity to Tottenham’s new stadium.

Building upon Shared Access’ previous experience deploying connectivity in large venues, the new system was designed, installed and fully funded by Shared Access. The stadium opened in April 2019 with all four UK mobile network operators live for the first game – a first in the UK.

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Installation of Wi-Fi 6 at Berthon Marina, Lymington.

During the busy season, Berthon Marina has up to 250 boats in residence, all with multiple devices connecting to the marina’s Wi-Fi.  This was creating a heavily congested network environment and a poor end user experience. Connection speeds were grinding to a halt, with berth holders and visitors frequently being disconnected or simply unable to connect. Card payments for fuel or food and beverage became impossible to process with all the associated customer frustrations and commercial impact.

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The Tyne Tunnel is no different. Originally opened in 1967, the seven miles of tunnels connect the town of Jarrow with North Shields and Howden. The traffic that passes through the tunnel allows vehicles both a way in and out of Newcastle. Over 40,000 vehicles travel through the Tyne Tunnel every day – that’s over 14,000,000 vehicles a year.

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STATE OF THE ART TOWER AT HEATHROW

In August 2022 we completed our largest build to-date. The 45m state of the art tower and secure compound at Heathrow provides coverage for the National Air Traffic Services business, all UK mobile operators (EE, O2, Three and Vodafone) and Transport for London. It also has the capacity to take future tenants, allowing for additional connectivity in the Heathrow and Feltham area.

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