CPI Europe AG — Capital/Financing Update 2014

Sep 4, 2014

News Details

Corporate | 4 September 2014 14:28

IMMOFINANZ AG successfully prices EUR 375 million bonds exchangeable into BUWOG AG shares

DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Bond

04.09.2014 / 14:28

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NOT FOR DISTRIBUTION IN THE USA, UK, CANADA, JAPAN OR AUSTRALIA

IMMOFINANZ AG has successfully priced the announced bonds exchangeable into
BUWOG AG shares on the capital market. The volume totalled EUR 375 million.

The bonds priced with a coupon of 1.5% per annum and an exchange premium of
15%. The reference share price will represent the volume weighted average
price of the BUWOG AG shares on the Vienna Stock Exchange between market
open and close of trading on 4 September 2014. The exchange price of the
bonds will be published on the website of the company after market close.

The bonds will be issued and redeemed at 100% of their principal amount and
will mature on 11 September 2019.

Bondholders will be entitled to have their bonds redeemed at their
principal amount plus accrued interest on 11 September 2017.

"These exchangeable bonds will release a significant part of the liquidity
tied up in our BUWOG shares for alternative uses. However, we will also
retain full flexibility with regard to the future use of these shares and
benefit from planned dividend payments by BUWOG up to any exchange date.
The favourable terms achieved on the issue will substantially reduce our
financing costs after we - as planned - have repaid more expensive
financings", indicated Eduard Zehetner, CEO of IMMOFINANZ Group.

IMMOFINANZ AG currently holds a 49% investment in BUWOG AG (corresponding
to approx. 48.81 million shares) following the majority spin-off on 26
April 2014 and plans to sell this investment over the medium-term.

The proceeds from the bonds will be used to repay existing financings, for
current and planned portfolio investments, opportunistic growth
opportunities and/or general corporate purposes.

BNP Paribas, J.P. Morgan and Morgan Stanley are acting as Joint
Bookrunners.

Disclaimer

The securities referred to herein will not be registered under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S.
State securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements of the U.S. Securities Act.

There will be no public offer of the securities in any jurisdiction. This
announcement does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, securities to any person.

Subject to certain exceptions, the securities referred to herein may not be
offered or sold in Australia, Canada or Japan or to, or for the account or
benefit of, any national, resident or citizen of Australia, Canada or
Japan. The offer and sale of the securities referred to herein has not been
and will not be registered under the applicable securities laws of
Australia, Canada or Japan.

This document has been prepared on the basis that there was no public
offering in connection with this transaction nor will there be a public
offering of the securities. No approved prospectus was or will be prepared
in connection with this transaction. Any offer of securities in any Member
State of the European Economic Area (each, a "Relevant Member State") which
has implemented the Prospectus Directive (2003/71/EC), as amended,
including any relevant implementing measures to implement the Directive
2010/73/EU (the "Prospectus Directive"),will only be made if no prospectus
for offers of securities has to be published. Accordingly any person making
or intending to make any offer in that Relevant Member State of securities
which are the subject of the placement contemplated in this announcement
may only do so in circumstances in which no obligation arises for
IMMOFINANZ AG to publish a prospectus pursuant to Article 3 of the
Prospectus Directive in relation to such offer. IMMOFINANZ AG has not
authorized, nor does it authorize, the making of any offer of securities in
circumstances in which an obligation arises for it to publish a prospectus
for such offer.

On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and also trades on the Warsaw Stock Exchange. Since its founding
in 1990, the company has compiled a high-quality property portfolio that
now comprises more than 520 investment properties with a carrying amount of
approx. EUR 7.2 billion. As a "real estate machine" the company
concentrates on linking its three core business areas: the development of
sustainable, specially designed prime properties in premium locations, the
professional management of these properties and cycle-optimised sales.
IMMOFINANZ Group concentrates its activities in the retail, office and
logistics segments of eight regional core markets: Austria, Germany, Czech
Republic, Slovakia, Hungary, Romania, Poland and Russia.
Further information under: http://www.immofinanz.com |
http://blog.immofinanz.com | http://properties.immofinanz.com

For additional information please contact:
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com

INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor@immofinanz.com

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04.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)

End of News DGAP News-Service

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