Result of bond buy-back offer

12-Oct-2023 / 07:00 GMT/BST

Genel Energy plc

Result of bond buy-back offer to bondholders

Genel Energy Holding Company Limited (‘the Company’), with reference to the announcement dated 2 October 2023, is hereby announcing the result of the reverse tender offer (‘the Buy-Back Offer’) to holders of Genel Energy 4 Finance plc’s (‘the Issuer’) USD 300 million senior unsecured callable bonds with ISIN NO0010894330 (‘the Bonds’). The Company has accepted offers for USD 16.2 million nominal value of bonds with the Maximum Accepted Price set to 93.5 per cent of nominal value.

Cash settlement for the Bonds, including accrued interest, is expected to occur on Friday 13 October 2023. Pareto Securities acted as broker for the Buy-Back Offer.

United States

United Kingdom

The information contained in this Buy-Back Offer does not constitute an invitation or inducement to engage in investment activity within the meaning of the United Kingdom Financial Services and Markets Act 2000 (‘FSMA’). In the United Kingdom, this announcement is being distributed only to, and is directed only at (i) persons who have professional experience, knowledge and expertise in matters relating to investments and are ‘investment professionals’ for the purposes of Article 19(5) of the FSMA (Financial Promotions) Order 2005 (the ‘FPO’)), (ii) persons who are certified high net worth individuals for the purposes of Article 48 of the FPO or (iii) any other persons to whom it may otherwise lawfully be made under the FPO (all such persons together being referred to as ‘relevant persons’). This announcement and the Buy-Back to Bondholders is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons.

General

This announcement must be read in conjunction with the Buy-Back Offer to Bondholders. This announcement and the Buy-Back Offer to Bondholders contain important information which should be read carefully before any decision is made with respect to the Buy-Back Offer. If any Bondholder is in any doubt as to the action it should take, it is recommended that such Bondholder seek its own financial and legal advice, including as to any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial or legal adviser. Any individual or company whose Bonds are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to offer Bonds in the Buy-Back Offer. None of the Company or the Manager makes any recommendation as to whether Bondholders should participate in the Buy-Back Offer.