Credit Andorra Preference Ltd Optional Redemption Series A Preference Shares (2806U)

TIDM65QM

RNS Number : 2806U

Credit Andorra Preference Ltd

21 November 2019

21 November 2019

CRÈDIT ANDORRÀ PREFERENCE LTD.

(incorporated with limited liability under the laws of Cayman Islands)

NOTICE TO HOLDERS OF EXERCISE OF OPTIONAL REDEMPTION OF SERIES A EURO CMS-LINKED NON-CUMULATIVE PERPETUAL GUARANTEED PREFERENCE SHARES

EUR150,000,000 Series A Euro CMS-Linked Non-Cumulative Perpetual Guaranteed Preference Shares

ISIN: XS0238428584

NOTICE IS HEREBY GIVEN by Crèdit Andorrà Preference Ltd. (the "Issuer") that the Issuer will redeem all of its outstanding EUR150,000,000 Series A Euro CMS-Linked Non-Cumulative Perpetual Guaranteed Preference Shares (the "Preference Shares") on 22 December 2019 (the "Optional Redemption Date"), in accordance with paragraph 5(1) (Optional Redemption - Issuer Call Option) of the terms of the Preference Shares.

The Issuer Optional Redemption Price payable in respect of each Preference Share so redeemed shall be comprised of the aggregate of (i) EUR100.00 and (ii) the amount of accrued and unpaid Dividends (whether or not declared) from (and including) 22 December 2018 to (but excluding) the Optional Redemption Date.

Upon such redemption, Dividends will cease to accrue on the Preference Shares and the Preference Shares will be cancelled.

Terms used in this notice shall have the meanings given to them in the terms of the Preference Shares contained in the Offering Circular dated 20 December 2005.

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November 21, 2019 13:19 ET (18:19 GMT)