Urenco Finance N.V. Tender Offer (3805V)

TIDM44ZP

RNS Number : 3805V

Urenco Finance N.V.

04 April 2023

Urenco Finance N.V. announces the termination of its Tender Offer for its

EUR500,000,000 2.375 per cent. Notes due 2024

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (the EUWA)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT

4 April 2023. Further to the announcements dated 24 March 2023 and 31 March 2023, Urenco Finance N.V. (the Company) announces today that it has terminated its invitation to holders of its outstanding EUR500,000,000 2.375 per cent. Notes due 2024 (ISIN: XS1145750037) (the Notes) to tender their Notes for purchase by the Company for cash (the Offer).

The Company has reassessed its cash deployment opportunities and determined that pursuing the Offer no longer represents the most prudent treasury management.

In accordance with the terms and conditions of the Offer, the Company has therefore taken the decision to terminate the Offer today and consequently will not accept any tenders of Notes for purchase. For the avoidance of doubt, the Purchase Price and Accrued Interest Payment will not be paid or become payable. Any Notes in respect of which Tender Instructions have been submitted prior to this announcement will be unblocked in the relevant account in the relevant Clearing System.

The Offer was made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 24 March 2023, as amended by the announcement dated 31 March 2023 (as amended, the Tender Offer Memorandum) . Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in the Tender Offer Memorandum.

BNP Paribas (Telephone: [phone]; Attention: Liability Management Group; Email: [e-mail]) and MUFG Securities (Europe) N.V. (Telephone: [phone]; Attention: Liability Management Group; Email: [e-mail]) acted as Dealer Managers for the Offer and Kroll Issuer Services Limited (Telephone: [phone]; Attention: Harry Ringrose; Email: [e-mail]; Offer Website: https://deals.is.kroll.com/urenco) acted as Tender Agent.

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire or sell any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by the Company, Urenco Limited, Urenco UK Limited, Urenco Nederland B.V., Urenco Deutschland GmbH and Louisiana Energy Services, LLC in their capacity as guarantors[1] of the Company's obligations under the Notes (the Guarantors), the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.

This announcement is released by the Company and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of United Kingdom domestic law by virtue of the EUWA (UK MAR), encompassing information relating to the Offer described above. For the purposes of UK MAR and the Implementing Technical Standards, this announcement is made by Gerard Tyler, Head of Group Treasury at Urenco Limited.

LEI Number: 549300424FNJMWD3CO80

[1] Pursuant to the terms and conditions of the Notes, Urenco Enrichment Company Limited and Urenco USA Inc. resigned as Guarantors of the Notes on 27 October 2021.

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April 04, 2023 12:39 ET (16:39 GMT)