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CORPORATE - 29-09-2015

Kedrion Notes 2019 Tender Offer results

Further to the announcement on 21 September 2015, Kedrion S.p.A. hereby announces the results of its invitation to the holders of its outstanding €300,000,000 4.625 per cent. Notes due 24 April 2019 (ISIN Code: XS1061608300) to tender their Notes for purchase by the Company for cash up to €100,000,000 in maximum principal amount of the Notes, such amount being subject to the right of the Company to increase or decrease it, on the terms and subject to the conditions set out in the tender offer memorandum published on 21 September 2015.

At the expiration deadline of the Offer, €186,624,000 in aggregate principal amount of the Notes had been validly tendered pursuant to the Offer.  The Company has decided to increase the Maximum Acceptance Amount from €100,000,000 to €164,228,000.

Since the aggregate principal amount of Notes validly tendered and not withdrawn exceeds the Maximum Acceptance Amount, a scaling factor of 0.879996% will be applied to the Offer.

The Company hereby announces, given that the Company has only accepted tenders of Notes subject to pro-ration to the extent such pro-ration will not result in the relevant Noteholder transferring Notes to the Company in an aggregate principal amount outstanding of less than the minimum denomination of the Notes, that it has decided to accept for purchase Notes validly tendered pursuant to the Offer for a total aggregate principal amount equal to €150,716,000. The nominal amount of the Notes which remain outstanding is €149,284,000.

The settlement date for the Offer is  2 October 2015.

Banca IMI S.p.A., Mediobanca - Banca di Credito Finanziario S.p.A. and Natixis are Joint Dealer Managers and Joint Structuring Advisors for the Offer, and Lucid Issuer Services Limited acts as Tender Agent.

For more information please contact: pressoffice@kedrion.com