EPP N.V. - Book build for unsecured corporate bond

Book build for unsecured corporate bond

EPP N.V.
(formerly Echo Polska Properties N.V.)
(Incorporated in The Netherlands)
(Company number 64965945)
JSE share code: EPP
ISIN: NL0011983374
LEI Code: 7245003P7O9N5BN8C098
("EPP")


BOOK BUILD FOR UNSECURED CORPORATE BOND


NOT FOR PUBLIC RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE 
TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

EPP announces that, further to the announcement released on 31 May 2018, it will start a book build today for
an unsecured corporate bond issue on the following terms:

Issuer:                           EPP Finance B.V., a wholly owned subsidiary of EPP
Guarantor:                        EPP
Guarantor Ratings:                Ba1/BB at Moody's/S&P (stable/positive)
Expected Bond Ratings:            Ba1/BB+ at Moody's/S&P (stable/positive)
Status                            Senior Unsecured
Format:                           Reg S
Currency:                         EUR
Tenor:                            5 years
Size:                             400 million plus
Minimum denomination:             €100,000
Documents:                        Governed by English Law
Exchange:                         The bonds are expected to be admitted to trading on the Euronext Dublin
Covenants:                        Consolidated leverage ratio (0.60), consolidated coverage ratio (2.5:1 until
                                  IG then 2.0:1), consolidated secured leverage ratio (0.45 for the first 5 semi-
                                  annual calculation periods, after which 0.40)
Bookrunners:                      Deutsche Bank, HSBC and UBS Investment Bank

This announcement is directed only at persons (i) outside the United Kingdom; (ii) that have professional
experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order"); (iii) falling within Article 49(2)(a) to (d) (“high net
worth companies, unincorporated associations etc.”) of the Order or (iv) to whom this announcement may
otherwise be directed without contravention of Section 21 of the Financial Services and Markets Act 2000
(all such persons together being referred to as "relevant persons"). This announcement must not be acted on
or relied on by persons who are not relevant persons. Any investment or investment activity to which this
announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

In member states of the European Economic Area ("EEA"), this announcement is directed only at persons who
are "qualified investors" within the meaning of Article 2(1)(e) of Directive 2003/71/EC, as amended.

Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients
only (all distribution channels). No PRIIPs key information document has been prepared as not available to
retail in EEA.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for
securities in the United States or in any other jurisdiction where it is unlawful to do so. The securities to which
this announcement relates have not been and will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act") or with any securities regulatory authority of any state of the United States or
other jurisdiction and may not be offered, sold, pledged or otherwise transferred in the United States or to, or
for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the Securities Act),
except pursuant to registration or an exemption from the registration requirements of the Securities Act and in
compliance with any applicable state securities laws.

18 June 2018


JSE Sponsor
Java Capital

Luxembourg Stock Exchange Listing Agent
M Partners

More information:

Curwin Rittles, Investor Relations Manager, EPP
Mobile: +48 885 982 310
Curwin.Rittles@echo-pp.com

Java Capital, JSE Sponsor
Phone: +27 11 722 3050

M Partners, Luxembourg Stock Exchange Listing Agent
Phone: +352 263 868 602

Singular System IR, South Africa, Investor Relations
Michele Mackey / Jacques de Bie
+27 (0)10 003 0700/+27 (0)82 497 9827
michele@singular.co.za / Jdebie@singular.co.za

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