Grand City Properties S.A.: SUCCESSFULLY PLACED EUR 250 MILLION IN A RE-OPENING OF THE COMPANY’S 3.75% PERPETUAL HYBRID NOTES (‚ORIGINAL NOTES‘)

Pressemitteilung der Grand City Properties S.A.:

Grand City Properties S.A. (the „Company“) announces today a successful EUR 250 million tap of the Company’s Original Notes (the „Additional Notes“). The total aggregate principal amount of the Original Notes and Additional Notes will thereby increase to EUR 400 million.

The Additional Notes are in denominations of EUR 100,000 and were exclusively offered to institutional investors at an issue price of 97.04 %. The issue was over-subscribed.

The Additional Notes will be merged with the Original Notes and will form a single series which will be traded in the Irish Stock Exchange on its regulated market. Settlement is expected to take place on March 9, 2015. The Company intends to use the amount raised in the issue of the Additional Notes to fund the Company’s acquisitions growth strategy.

Grand City Properties S.A.