06/26/2014

SUCCESSFUL PLACEMENT OF NEW SENIOR UNSECURED BONDS

Reference is made to the notification sent 25 June 2014 regarding Bonheur ASA contemplating to issue new senior unsecured bonds in the Norwegian market. Bonheur ASA has successfully completed a NOK 900 million senior unsecured bond issue with maturity in 2019 and a NOK 600 million senior unsecured bond issue with maturity in 2021. Ganger Rolf ASA is guarantor for both issues. Settlement date is expected to be 9 July 2014. Applications will be made for listing of the bonds on Oslo Stock Exchange. 

Net proceeds from the bond issues will be used for refinancing of existing debt, including the NOK 1,000 million outstanding under the BON01 bond issue with ISIN NO 0010560683 and maturity on 15 December 2014, and for general corporate purposes.

DNB Markets and Swedbank Norway acted as managers of the bond issues.