Meinl European Land Limited

euro adhoc: Meinl European Land Limited
Mergers - Acquisitions - Takeovers
Meinl European Land offers Bond-Swap for Julius Meinl Pramen (E)

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

Vienna, 3rd February 2004

Meinl European Land offers the Swap of Bonds in Julius Meinl Pramen a.s., that has been taken over by Meinl European Land

Meinl European Land, which took over the share capital of Julius Meinl Pramen a.s. in November 2003, now offers to all Bondholders of Julius Meinl Pramen a.s. to swap the Bonds issued by Julius Meinl Pramen a.s. into Bonds issued by Meinl European Land as follows: Julius Meinl Pramen Bond due 2011 to be swapped for fixed-floater Bonds of Meinl European Land due 2013, which have the same nominal value. Bondholders may choose whether they prefer bonds of Tranche A with a 6.00% fixed interest rate or bonds of Tranche B with a floating interest rate. The floating interest rate for the Tranche B has been set at 5.50 % until July 2004, thereafter it will be determined as a SWAP 10Y Euro. This offer is valid till 22nd April 2004.

Moreover bondholders have the right of an early redemption and disbursement of proceeds of Julius Meinl Pramen Bonds. This offer is also valid until 22nd April 2004.

The fixed-floater Bonds of Meinl European Land are listed in the First Market Segment at the Vienna Stock Exchange.

Due to the Bond-Swap, Meinl European Land expects to unify its financial structure. After having closed the Bond-Swap, Bonds of Meinl European Land with a total nominal value of 100 Mio. Euro will be listed and placed at the Vienna Stock Exchange.

end of announcement            euro adhoc 03.02.2004

Further inquiry note: ECC Publico Public Relations & Lobbying Mag. Claudia Müller-Stralz Tel.: ++43 (0) 1/717 86 107

Branche: Real Estate
ISIN:      AT0000660659
Index:    Standard Market Auction
Börsen:  Wiener Börse AG / official dealing

Weitere Meldungen: Meinl European Land Limited

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