Amedeo Air Four Plus Limited Acquisition of Asset (5893F)

TIDMAA4

RNS Number : 5893F

Amedeo Air Four Plus Limited

28 July 2016

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS UNLAWFUL.

AMEDEO AIR FOUR PLUS LIMITED

Acquisition of Asset

28 July 2016

As anticipated in the Company's Prospectus dated 28 June 2016 (the "Prospectus") Amedeo Air Four Plus Limited (the "Company"), via its wholly-owned subsidiary AA4P Eta Limited ("AA4PE"), on 28 July 2016 purchased directly from The Boeing Company one 777-300ER aircraft bearing manufacturer's serial number 42334 (the "Aircraft") at a net cost to the Company of US$173 million. In accordance with the Investment Process outlined in the Prospectus, the Aircraft is the Seventh Asset to be acquired by the Company.

In connection with the acquisition of the Aircraft, AA4PE drew down senior debt financing in accordance with a senior loan agreement entered into with a syndicate of lenders (led by Westpac Banking Corporation, China Construction Bank Corporation, and National Bank of Abu Dhabi PJSC) in the amount of US$125,000,000 as well as junior debt financing in the amount of US$25,000,000 pursuant to a junior loan agreement entered into with National Bank of Abu Dhabi PJSC. Upon delivery of the Aircraft, AA4PE also entered into an Aircraft Operating Lease arrangement with Emirates Airline ("Emirates") pursuant to which the Aircraft has been leased to Emirates for a term of 12 years, with fixed lease rentals for the duration. Following this purchase, the Company now owns six A380s and one 777-300ER which have all been leased to Emirates.

About the Company

The Company is a Guernsey-domiciled company, with shares admitted to trading on the Specialist Fund Segment ("SFS") of the London Stock Exchange's Main Market (LSE: AA4).

The Company's investment objective is to obtain income returns and a capital return for its Shareholders by acquiring, leasing and then selling aircraft (the "Assets").

To pursue its investment objective, the Company will seek to use the net proceeds of placings and/or other equity capital raisings, together with financing facilities (or instruments), to acquire widebody or other aircraft which will be leased to one or more major airlines.

The Company aims to provide Shareholders with an attractive total return comprising income from distributions through the period of the Company's ownership of the Assets and capital upon the sale of the Assets.

It is anticipated that income distributions will be made to Shareholders quarterly, subject to compliance with applicable laws and regulations. The Company currently targets a distribution to investors of 2.0625 pence per Share per quarter and a capital return of 151 pence per Share as detailed in the Prospectus.

Defined terms used in this announcement shall have the same meaning as ascribed to them in the Company's Prospectus dated 28 June 2016.

For further information, please contact:

For administrative and company information:

JTC (Guernsey) Limited

[phone]

For shareholder information:

Nimrod Capital LLP

Richard Bolchover

Marc Gordon

[phone]

END OF ANNOUNCEMENT

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July 28, 2016 13:29 ET (17:29 GMT)