Announcement of exchange of contracts by the Suretyship Provider
In line with Terms and Conditions of the bonds issued by the Issuer (Series A, HBR1117, ISIN: PLHBRVF00018 and Series B, HBR1117, ISIN: PLHBRVF00026), the Management Board of HB REAVIS FINANCE PL Sp. z o.o. (“HBRF” or the “Issuer”) hereby announces that in July 2016 HB Reavis Holding S.à r.l. (the “Suretyship Provider”) and its subsidiaries exchanged contracts with Wells Fargo Bank, N.A., third largest bank in USA by total assets, regarding the sale of its subsidiary owning the building called “33 Central” (the “Building”) located at 33 King William Street in London, United Kingdom (“Transaction“). The Transaction value represents more than 10% of the Suretyship Provider’s Consolidated Assets as reported as of 31 December 2015 in accordance with International Financial Reporting Standards (“IFRS”). The Transaction was concluded on arm‘s length terms with total value exceeding the value as reported for this asset in consolidated financial statements of the Suretyship Provider as of 31 December 2015 for IFRS reporting purposes on the basis of fair market valuation prepared by independent valuers. The Transaction will complete upon achieving practical completion of the Building. Legal basis: -Terms and Conditions of Issuer’s the bond Series A, HBR1117, ISIN: PLHBRVF00018 and bond Series B, HBR1117, ISIN: PLHBRVF00026 / § 4 of Annex 3 to the Rules of the Alternative Trading System organised by BondSpot S.A.”