BKW Energie AG

Sale of Swissgrid convertible bond
BKW is selling its convertible bond to Credit Suisse

Sale of Swissgrid convertible bond / BKW is selling its convertible bond to Credit Suisse
BKW sells its Swissgrid convertible loan to Credit Suisse at a nominal value of around CHF 97 million.

Bern (ots) - BKW sells its Swissgrid convertible loan to Credit Suisse at a nominal value of around CHF 97 million. The two companies have signed a contract to mark the deal. The planned transaction and recently conducted increase in its Swissgrid stake will convert BKW's previous financial investment into a strategically significant equity stake.

BKW was compensated with shares and a loan at the start of 2013 when it transferred its ownership of the transmission grid over to Swissgrid. Part of the loan was paid out in 2013, while the rest was structured into a convertible loan. BKW is now selling this loan to Credit Suisse and retaining the embedded convertible obligation. BKW will use the proceeds from the transaction to further its strategy.

The bond transfer is anticipated by the end of the year and requires approval from the Swissgrid Board of Directors.

BKW

The BKW Group is a Bern-based international energy and infrastructure company employing almost 5,000 people. The diversity of the company's expertise allows it to offer its customers a full range of tailored services. The Group plans, builds and operates infrastructure to produce and supply energy to businesses, households and the public sector. The BKW Group offers a wide range of services, from building technologies, infrastructure engineering and digital business models for renewable energies to traditional multi-utility infrastructure services.

The registered shares of BKW AG are listed on the SIX Swiss Exchange and the BX Berne eXchange.

Contact:

Gilles Seuret
media@bkw.ch
058 477 51 07



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