Wereldhave successfully completes its [Eur] 550 million rights issue

SCHIPHOL, Netherlands, Dec. 16, 2014 (GLOBE NEWSWIRE) -- Wereldhave N.V. ("Wereldhave" or the "Company") successfully completed its [Eur] 550 million rights issue today. The number of Wereldhave ordinary shares outstanding now equals 35,020,921.

"Many of our existing shareholders decided to exercise their rights and invest further in the company. This is a great sign of faith in our strategy going forward, for which I would like to thank them. Now that we can close the deal vis-a-vis the acquisition of the six shopping centres in France, we will focus on building our French retail organization, in order to stabilize net rental income in 2015 in France" said Dirk Anbeek, CEO of Wereldhave.

Wereldhave intends to use the net proceeds of the rights issue to partly finance the acquisition of six operational shopping centers in France from Unibail-Rodamco for the amount of [Eur] 850 million (the "Acquisition"). The closing of the Acquisition is expected to occur later this month.

J.P. Morgan and Kempen & Co acted as Joint Global Coordinators in the rights issue and alongside ABN AMRO and ING as Joint Bookrunners.

As a result of the rights issue of [Eur]550 million, the conversion prices of the convertible bonds issued by Wereldhave N.V. have been adjusted effective 2 December 2014, pursuant to article 5.4 of the respective terms and conditions:

- The Conversion Price of the 1.00 per cent. Convertible Bonds due 2019, issued by Wereldhave N.V., ISIN XS1069846381 has been reduced from [Eur]75.474 to [Eur]67.147
- The Conversion Price of the 2.875 per cent. Convertible Bonds due 2015, issued by Wereldhave N.V.,

Information for the press:
Richard W. Beentjes
E richard.beentjes@wereldhave.com
T + 31 20 702 78 33

Information for analysts:
Jaap-Jan Fit
E jaapjan.fit@wereldhave.com
T + 31 20 702 78 43


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