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Summit Properties Limited - Tender Offer - Launch

Summit Luxco S.à r.l. offers to purchase for cash, at a price being equal to 94.0% of the principal amount of the Notes, up to €50,000,000 an aggregate principal amount of Summit Properties Limited's (previously Summit Germany Limited) outstanding €244,058,000 Senior Notes due 2025 (ISIN/Common Code: XS1757821688/175782168).


04 SEPTEMBER 2023


Full announcement including disclaimers and offer restrictions available via Source: Summit Properties Ltd and LuxSE


"September 4, 2023 — Summit Properties Limited’s (previously Summit Germany Limited) (the “Issuer”) announces today that its wholly owned subsidiary Summit Luxco S.à r.l. (the “Offeror”) is offering to purchase (such offer the “Tender Offer”) for cash, at a price being equal to 94.0% of the principal amount of the Notes, up to €50,000,000 an aggregate principal amount of the Issuer’s outstanding €244,058,000 Senior Notes due 2025 (ISIN/Common Code: XS1757821688/175782168) (the “Notes”).


The Tender Offer commences on September 4, 2023 and will expire at 4:00 p.m., London time, on September 8, 2023, unless extended or earlier terminated by the Offeror. Subject to the satisfaction of customary conditions, the Tender Offer is expected to settle on September 13, 2023 (unless otherwise extended, amended or terminated)."


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(1) Excludes principal amount of Notes held as treasury shares. The Outstanding Principal Amount comprises Notes which were originally sold pursuant to Regulation S under the Securities Act (ISIN: XS1757821688) as well as notes originally sold pursuant to Rule 144A under the Securities Act (ISIN: XS1757821506). For the avoidance of doubt, the Tender Offer (as defined below) being made pursuant to the Tender Offer Memorandum is only being made in respect of those Notes held by persons who are not a U.S. person (as such term is defined by Regulation S under the Securities Act) and who are outside the United States. (2) Expressed as a percentage of principal amount of Notes tendered, exclusive of any accrued, but unpaid interest.


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