adidas International Finance B.V.

EANS-Adhoc: adidas International Finance B.V.
adidas International Finance B.V. Announces Early and Complete Redemption of the Convertible Bond 2003/2018 (ISIN DE0009038968)

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date of causation: 07.10.2009

Amsterdam - adidas International Finance B.V. (formerly adidas-Salomon International Finance B.V.) decided today to redeem, in whole and prior to the maturity date, the 2.5% Convertible Bonds 2003/2018 with conversion rights into adidas AG (formerly adidas-Salomon AG) no-par-value ordinary bearer shares in the total principal amount of 400,000,000 EUR  issued on October 8, 2003. The redemption will be effected prior to maturity on October 8, 2009, effective November 23, 2009. adidas AG has approved the redemption.

On November 23, 2009, the bonds will be redeemed at the total principal amount plus interest on the principal amount accrued up to (but excluding) this day as far as bondholders do not exercise their conversion rights by the end of November 9, 2009.

In light of the current adidas AG share price, the Company expects the bondholders to largely or completely exercise their conversion rights. If holders exercise their conversion rights they shall not be entitled to redemption of the bonds but shall be entitled to subscribe to adidas AG ordinary bearer shares pursuant to the Terms and Conditions of the Bonds.

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ots Originaltext: adidas International Finance B.V.
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Further inquiry note:
Dennis Weber
Investor Relations Manager
Tel. +49-9132 84 4989

Branche: Clothing
WKN:        -

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