Warimpex Finanz- und Beteiligungs AG

EANS-Adhoc: Warimpex Finanz- und Beteiligungs AG
Warimpex has successfully placed the second tranche of its convertible bonds

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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24.05.2011

Not intended for distribution in the USA, Canada, Australia and Japan. This is neither an offer nor a solicitation to buy securities.

Warimpex has successfully placed the second tranche of its convertible bonds

• Nominal Value of the second tranche: PLN 26.75 million  (accordingly,  the
      aggregate nominal value of the  first  two  tranches  of  the  convertible
      bonds: PLN 66.25 million)

    • Denomination: PLN 250,000

    • Coupon: 8.5% p.a., payable semi-annually (act/365)

    • Conversion Price: PLN 12.79 

Vienna, 24 May 2011 - Warimpex Finanz- und Beteiligungs Aktiengesellschaft ("Warimpex" or the "Company") has today successfully placed the second tranche of its convertible bonds with an aggregate nominal value of PLN 26.75 million (this equals approximately EUR 6.78 million), a denomination of PLN 250,000 per bond (approximately EUR 63,500), with a maturity of three years and a coupon of 8.5% p.a., payable semi-annually (act/365). Accordingly, the aggregate nominal value of the first two tranches of the convertible bonds amounts to PLN 66.25 million (this equals approximately EUR 16.8 million).

The conversion price is equal to PLN 12.79 (approximately EUR 3.25). Accordingly, the second tranche of the convertible bonds grant a right of conversion into or subscription for up to 2,091,477 bearer shares of the Company, and the first two tranches of the convertible bonds collectively grant a right of conversion into or subscription for up to 5,179,827 bearer shares of the Company.

Wood & Company Financial Services, a.s., S.A. Oddzia? w Polsce has acted as a lead manager, the sole bookrunner and placement agent, and Raiffeisen Centrobank AG has acted as the co-lead manager, conversion agent, paying agent and calculation agent with regard to the offering.

The convertible bonds have been offered and placed by means of a private placement to qualified investors outside the USA, Canada, Australia and Japan. A public offering has not been conducted. Trading in the convertible bonds on the Catalyst alternative trading system operated by BondSpot S.A., a subsidiary of the Warsaw Stock Exchange, is expected to commence.

Important Note:

Not for release, publication or distribution in the USA, Canada, Australia and Japan. This ad-hoc release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase securities. In connection with this transaction there has not been, nor will there be, any public offering of the convertible bonds or the shares of Warimpex. The convertible bonds and the shares to be delivered upon the conversion of the convertible bonds have not been and shall not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered within the USA or to U.S. persons (as defined in regulation S under the U.S. Securities Act of 1933, in the respective amended version) absent registration under or an applicable exemption from the registration requirements of the United States securities laws, or made public in publications with a general circulation in the USA.

end of announcement                               euro adhoc
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issuer:      Warimpex Finanz- und Beteiligungs AG
          Floridsdorfer Hauptstraße 1
          A-1210 Wien
phone:       +43 1 310 55 00
FAX:         +43 1 310 55 00 - 122
mail:     office@warimpex.com
WWW:      www.warimpex.com
sector:      Real Estate
ISIN:        AT0000827209
indexes:     ATX Prime
stockmarkets: official market: Wien
language: English 

Contact:

Warimpex Finanz- und Beteiligungs AG
Phone: +43 1 310 55 00
Christoph Salzer
mailto:presse@warimpex.com
Daniel Folian, mailto:investor.relations@warimpex.com
www.warimpex.com

Branche: Real Estate
ISIN: AT0000827209
WKN:
Index: ATX Prime
Börsen: Wien / official market



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