Aroundtown S.A. — Capital/Financing Update 2018

Jan 31, 2018

Aroundtown SA (IRSH)

31-Jan-2018 / 13:54 CET/CEST Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

NOT FOR DISTRIBUTION IN OR INTOOR TOANYPERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIESAND POSSESSIONS (INCLUDINGPUERTORICO, THE U.S. VIRGIN ISLANDS, GUAM,AMERICAN SAMOA, WAKE ISLANDAND THE NORTHERN MARIANAISLANDS),ANYSTATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA(THE 'UNITED STATES') OR IN OR INTOOR TOANYPERSON RESIDENT OR LOCATED IN ANYOTHER JURISDICTION WHERE IT IS UNLAWFUL TOPUBLISH OR DISTRIBUTE THIS DOCUMENT.

AROUNDTOWNANNOUNCES THE RESULTS OF THE OFFER TOTHE HOLDERS OF ITS OUTSTANDING EUR600,000,000 1.5% NOTES DUE 2022 TOTENDER SUCH NOTES FOR PURCHASE FOR CASH

31 January 2018.

Aroundtown SA (the 'Company') announces today the result of the offer to the holders of its EUR600,000,000 1.5% Notes due 2022 (ISIN: XS1403685636) (the 'Notes') to tender any and all such Notes for purchase by the Company for cash (the 'Offer').

The Offer was announced on 24 January 2018 and was subject to the terms and conditions set out in the tender offer memorandum dated 24 January 2018 (the 'Tender Offer Memorandum') prepared by the Company. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

An aggregate principal amount of EUR 319,000,000 of the Notes was validly tendered for purchase in the Offer. The Company accepted for purchase all Notes validly tendered on the terms set out in the following table:

ISIN/Common		Purchase
Description of the Notes	Code	Interpolated Mid-Swap Rate	Spread	Purchase Yield	(annual)Purchase Price*
EUR 600,000,000 1.500 per cent. Notes due 2022	XS1403685636 / 140368563	0.327 per cent.	23 bps	0.557 per cent.	103.938 per cent. of the principal amount

* Excluding any accrued interest.

The settlement of the Offer is expected to take place on 5 February 2018. Following the settlement of the Offer, an aggregate principal amount of EUR 281,000,000 of the Notes will remain outstanding.

The Company might further purchase Notes in the open market or otherwise. If purchases (and corresponding cancellations) and/or redemptions have been effected in respect of 80 per cent or more in aggregate principal amount of the Notes, the Company will consider to exercise its option under the terms and conditions of the Notes to redeem any outstanding Notes at their principal amount together with accrued but unpaid interest, if any.

About the Company

Aroundtown SA (trading symbol:AT1 on the regulated market (Prime Standard) of the Frankfurt Stock Exchange) is a specialist real estate company with a focus on value-add and income generating properties primarily in the German/NL real estate markets. Aroundtown SA (ISIN: LU1673108939) is a public limited liability company (société anonyme) established under the laws of the Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, Luxembourg) under number B217868, having its registered office at 1,Avenue du Bois, L-1251 Luxembourg, Grand Duchy of Luxembourg.

Contact

Timothy Wright

T: +352 285 7741

E: info@aroundtownholdings.com

www.aroundtownholdings.com

DISCLAIMER

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELLOR THE SOLICITATION OF AN OFFER TO BUYANY SECURITIES.

THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN,AND WILL NOT BE, REGISTERED UNDER

THE UNITED STATES SECURITIES ACT OF 1933,AS AMENDED (THE SECURITIESACT),AND MAYNOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION ORAN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES.

THIS ANNOUNCEMENT IS DIRECTED ATAND IS ONLYBEING DISTRIBUTED IN THE UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHINARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE ORDER), (II) HIGH NET WORTH ENTITIES,AND OTHER PERSONS TO WHOM IT MAYOTHERWISE LAWFULLYBE COMMUNICATED FALLING WITHINARTICLE 49 OF THE ORDER,AND (III) PERSONS TO WHOM IT MAYOTHERWISE LAWFULLYBE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TOAS RELEVANT PERSONS). THIS COMMUNICATION MUST NOT BE READ,ACTED ON OR RELIED ON BYPERSONS WHOARE NOT RELEVANT PERSONS.ANYINVESTMENT OR INVESTMENTACTIVITYTO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLYTO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLYWITH RELEVANT PERSONS.

IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA (EEA), THIS ANNOUNCEMENTAND ANYOFFER IF MADE SUBSEQUENTLYIS DIRECTED ONLYAT PERSONS WHOARE 'QUALIFIED INVESTORS' WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE 2003/71/EC,AS AMENDED (THE PROSPECTUS DIRECTIVE) (QUALIFIED INVESTORS). ANYPERSON IN THE EEA WHOACQUIRES THE SECURITIES INANYOFFER (AN INVESTOR) OR TO WHOM ANYOFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR.ANYINVESTOR WILLALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THATANYSECURITIES ACQUIRED BYIT IN THE OFFER HAVE NOT BEENACQUIRED ON BEHALF OF PERSONS IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEENACQUIRED WITHA VIEW TO THEIR OFFER OR RESALE IN THE EEA TO PERSONS WHERE THIS WOULD RESULT INA REQUIREMENT FOR PUBLICATION BYTHE COMPANYOR ANYOF THE MANAGERS OF A PROSPECTUS PURSUANT TOARTICLE 3 OF THE PROSPECTUS DIRECTIVE.

THIS ANNOUNCEMENT MAYCONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TOANYSUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND UNCERTAINTIES, MANYOF WHICHARE BEYOND THE CONTROLOF AROUNDTOWN SA.ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ONA NUMBER OF FACTORS.

ISIN: LU1673108939, XS1508392625, XS1227093611, XS1336607715, XS1403685636, XS1449707055, XS1532877757, XS1540071724, XS1586386739, XS1649193403, XS1634523754 Category Code:MSCL TIDM: IRSH LEICode: 529900H4DWG3KWMBMQ39 Sequence No.: 5170

End ofAnnouncementEQS News Service