Warrant Financing Consent Solicitation Update

For immediate release

J2 ACQUISITION LIMITED

(the "Company")

17 September 2019

WARRANT FINANCING CONSENT SOLICITATION UPDATE

The Company announced on 3 September 2019 that it had entered into an agreement to acquire APi Group, Inc., for approximately $2.9 billion as detailed in that announcement (the "Transaction"), following which the Company despatched a warrant consent solicitation memorandum to holders of its warrants seeking from those warrantholders, among other things, their consent to an amendment to the warrant instrument governing the warrants to shorten, conditional upon the consummation of the Transaction, the subscription period of the warrants to expire upon the consummation of the Transaction (subject to certain limited exceptions) rather than the current expiration date, being the third anniversary of the Company's consummation of an acquisition (the "Amendment").

The Company is today announcing that it has extended the deadline for warrantholders to consent to the Amendment, as follows:

·     For Depository Interest Warrantholders, the extended deadline to consent is 9:00 am New York time / 2:00 pm UK time on 23 September 2019, unless further extended by the Company.

·     For certificated Warrantholders, the extended deadline to consent is 10:00 am New York time / 3:00 pm  UK time on 23 September 2019, unless further extended by the Company.

Warrantholders may contact the Company's agent, Computershare, on +44 (0)370 702 0000 with any questions regarding providing their consent.

Further updates regarding the warrant financing and completion of the Transaction will be made as appropriate.

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Distribution Restrictions

The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions. This announcement does not constitute or contemplate an invitation to participate in the warranting financing and/or the consent solicitation in any jurisdiction in which, or to any person to whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws.