EQS-Adhoc: ESPG AG will not launch a new 2023/2026 bond and intends to vary the terms of its 2018/2023 bond

ESPG AG will not launch a new 2023/2026 bond and intends to vary the terms of its 2018/2023 bond

Cologne, Germany, 12 July 2023. The Management Board of ESPG AG ("ESPG AG" or the "Company"), with the consent of the Supervisory Board of ESPG AG, has decided not to proceed with the public exchange offer of its 2018/2023 bond and the issuance of a new 2023/2026 bond announced on 9 June 2023 due to insufficient exchange offers received from the Company's point of view.

The Company intends to invite the bondholders of the 2018/2023 bond to a bondholders' meeting at short notice, at which a resolution is to be passed to amend the terms and conditions of the bond in accordance with the new terms and conditions offered in the public exchange offer. An invitation with details of the bondholders' meeting is going to be published in the German Federal Gazette. A resolution will be proposed to the bondholders' meeting mainly on a prolongation of the bond term by three years, an increase of the interest rate from 6.0 per cent p.a. to 9.5 per cent p.a. , and a adjustment of the covenant package.

Important notes
This publication may not be published, distributed or circulated in the United States of America, Canada, Australia or Japan. It does not constitute an offer or solicitation of an offer to purchase or subscribe for any securities in the United States, Australia, Canada or Japan or in any jurisdiction in which such offer or solicitation would be unlawful.

This publication constitutes neither an offer to sell nor a solicitation to buy securities of the Company.

This publication does not constitute an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of these securities in the United States.

1678459  12-Jul-2023 CET/CEST