Belgium: DEME Issues Retail Bond on 6 Years

DEME NV’s board of directors has decided to issue a bond in Belgium for an expected aggregate nominal amount of minimum 100,000,000 EUR and maximum 200,000,000 EUR.

The bonds, with a nominal value of 1,000 EUR, will be repaid according to the conditions defined in the prospectus, at 100% of the nominal value at 14 February 2019 and will generate an annual interest of 4.145%.

The gross actuarial yield for the issue price amounts to 3.79%. The subscription period will as start on 25 January 2013 (09:00 CET) and end on 8 February January 2013 (12:00 CET), subject to early closure.

BNP Paribas Fortis, ING Belgium and KBC Bank act as joint lead managers for the issue of this bond. Belfius Bank, Econopolis and Bank Deelen are acting as co-lead managers.

This operation aims to diversify DEME’s funding sources.

About DEME NV

The Belgian dredging, environmental and marine engineering group DEME has won a prominent position on the world market in a number of highly specialized and complex hydraulic disciplines. The DEME Group diversified from dredging operations and land reclamation to marine engineering solutions at sea, services to oil and gas companies, installation of offshore wind farms, environmental activities such as soil remediation, recycling of dredged materials and remediation of brownfields and wreck clearance.

The Group has become a global solutions provider and has one of the most modern, high-tech and versatile fleets for dredging and marine engineering. DEME employs more than 4,200 people.

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Press Release, January 23, 2013