De conformidad con lo establecido en el artículo 227 del texto refundido de la Ley del Mercado de Valores aprobado por el Real Decreto Legislativo 4/2015, de 23 de octubre, Inmobiliaria Colonial, SOCIMI, S.A. ("Colonial" o la "Sociedad") comunica la siguiente

OTRA INFORMACIÓN RELEVANTE

Como continuación al anuncio de información privilegiada de 6 de octubre de 2020 (número de registro 486) y al anuncio de otra información relevante publicado en el día de hoy (número de registro 5005), la Sociedad anuncia los resultados finales y el precio de la invitación a los titulares de sus emisiones de bonos por importe de 500.000.000 euros, con cupón del 2,728% y vencimiento el 5 de junio de 2023 (ISIN: XS1241701413) (los "Bonos de 2023"), y por importe de 600.000.000 euros, con cupón del 1,45% y vencimiento el 28 de octubre de 2024 (ISIN: XS1509942923) (los "Bonos de 2024", y junto a los Bonos de 2023, los "Bonos") para vender los Bonos a Colonial a cambio de efectivo.

Se adjunta al presente anuncio la comunicación que Colonial publicará en Euronext Dublin.

Madrid, 14 de octubre de 2020.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

INMOBILIARIA COLONIAL, SOCIMI, S.A. ANNOUNCES FINAL RESULTS AND PRICING OF TENDER OFFER FOR NOTES

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")) OR IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

This announcement does not constitute an invitation to participate in the Offer (as defined herein) in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities laws or otherwise. The distribution of this announcement in certain jurisdictions (including the United States, the United Kingdom, the Republic of Italy, Belgium, France and Spain) may be restricted by law. Persons into whose possession this document comes are required by the Offeror and the Dealer Managers (each as defined herein) to inform themselves about, and to observe, any such restrictions. No action that would permit a public offer has been or will be taken in any jurisdiction by the Offeror, the Dealer Managers or the Tender Agent.

Madrid, 14 October 2020.

Further to its announcements on 6 October 2020 and 14 October 2020, Inmobiliaria Colonial, SOCIMI, S.A. (the "Offeror") hereby announces the final results and pricing of its invitation to holders of its €500,000,000 2.728 per cent. Notes due 5 June 2023 (the "2023 Notes") and €600,000,000 1.45 per cent. Notes due 28 October 2024 (the "2024 Notes" and, together with the 2023 Notes, the "Notes" and, each issuance of Notes, a "Series") to offer to sell Notes to the Offeror for cash at the relevant Purchase Price (the "Offer").

The Offer was made upon the terms and subject to the conditions contained in a tender offer memorandum dated 6 October 2020 (the "Tender Offer Memorandum") prepared in connection with the Offer. Capitalised terms used in this announcement and not otherwise defined have the meanings ascribed to them in the Tender Offer Memorandum.

Summary of Results and Pricing

Following the expiration of the Offer at 16:00 (CEST) on 13 October 2020 (the "Expiration Deadline"), the Offeror hereby announces that:

(i) the Offeror has received valid Tender Instructions for €193,800,000 in aggregate principal amount of the 2023 Notes and €260,800,000 in aggregate principal amount of the 2024 Notes;
(ii) the Offeror has accepted for purchase €193,800,000 in aggregate principal amount of the 2023 Notes with no pro-ration and €106,700,000 in aggregate principal amount of the 2024 Notes with a proration factor of 46.70 per cent.;
(iii) the Reference Benchmark Yield for the 2024 Notes is -0.500 per cent. and, accordingly, the Purchase Yield for the 2024 Notes is 0.200 per cent.;
(iv) the Purchase Price for the 2023 Notes is 107.746 per cent. and the Accrued Interest for the 2023 Notes is 0.99404 per cent.;
(v) the Purchase Price for the 2024 Notes is 104.704 per cent. and the Accrued Interest for the 2024 Notes is 1.40246 per cent.; and
(vi) there will be no pro-ration for the 2023 Notes and the pro-ration factor for the 2024 Notes is 46.70 per cent.

The Purchase Price for each Series of Notes accepted for purchase was determined at or around 13:00 (CEST) today in accordance with the pricing formula set out in Annex A to the Tender Offer Memorandum and which is intended to reflect (i) in the case of the 2023 Notes, a yield to maturity of the 2023 Notes and (ii) in the case of the 2024 Notes, a yield to the First Optional Call Date, in each case, on the Settlement Date based on the relevant Purchase Yield, which is, in the case of the 2024 Notes only, the sum of the Reference Benchmark Yield and the Purchase Spread, as follows:

Description of Notes	ISIN	Maturity Date	First Optional Call Date	Aggregate principal amount accepted	Pro-ration factor	Purchase Yield	Purchase Price	Accrued Interest
2023 Notes	XS1241701413	5 June 2023	Not Applicable	€193,800,000	Not Applicable	-0.200 per cent	107.746 per cent.	0.99404 per cent.
2024 Notes	XS1509942923	28 October 2024	28 July 2024	€106,700,000	46.70 per cent.	0.200 per cent.	104.704 per cent.	1.40246 per cent.

New Financing Condition

The Offeror has successfully completed the issue of the €500,000,000 1.350 per cent. Notes due October 2028 under its €5,000,000,000 Euro Medium Term Note Programme and, accordingly, the New Financing Condition has been satisfied.

Settlement

On the Settlement Date the Offeror will pay, or procure the payment of, the relevant Purchase Price plus the relevant Accrued Interest to all Noteholders whose Tender Instructions have been validly accepted by the Offeror pursuant to the terms and conditions of the Offer, subject to receipt of the relevant Notes. The Settlement Date is expected to be 16 October 2020.

Notes in respect of which the Offeror has not accepted a Tender Instruction will remain outstanding subject to the terms and conditions of such Notes.

Further Information

A complete description of the terms and conditions of the Offer is set out in the Tender Offer Memorandum. BNP Paribas, CaixaBank, S.A., Crédit Agricole Corporate and Investment Bank and Natixis are the Dealer Managers for the Offer.

THE DEALER MANAGERS

BNP PARIBAS 16, boulevard des Italiens

75009 Paris France

Tel: +33 1 55 77 78 94 Attention: Liability Management Group Email: [email protected]

Crédit Agricole Corporate and Investment

Bank 12 place des États-Unis CS 70052 92 547 Montrouge Cedex France

Tel: +44 20 7214 5903 Attention: Liability Management Email: [email protected] CaixaBank, S.A.

Paseo de la Castellana, 51 (3rd floor) 28046 Madrid Spain Tel: +34 91 700 56 10 Attention: Miguel Lafont, Alvaro Aguilar Email: [email protected] / [email protected]

NATIXIS 30, avenue Pierre Mendès France 75013 Paris France

Tel: +33 1 58 55 08 14 Attention: Liability Management Email: [email protected]

THE TENDER AGENT

Lucid Issuer Services Limited

Tankerton Works 12 Argyle Walk London WC1H 8HA United Kingdom

Tel: +44 207 704 0880 Attention: David Shilson Email: [email protected]

Further details relating to the contents of this announcement can be obtained from:

Inmobiliaria Colonial, SOCIMI, S.A.

Avenida Diagonal 532 08006 Barcelona Spain

Attention: Ángels Arderiu Ibars and Meritxell Fernandez Sanchez

Email: [email protected] / [email protected]

AI Terminal

Inmobiliaria Colonial Socimi S.A.

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