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* FWD GROUP HOLDINGS ANNOUNCES TENDER OFFER ON USD 2029 NOTES ***

15 September 2025 - FWD Group Holdings Limited (the “Issuer”
, 1828.HK
) hereby announces that it has commenced an offer to repurchase for cash any
and all of its U.S.$900,000,000 8.40% Subordinated Notes due 2029 (