Company Announcement no. 12/2019

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO ANY PERSON LOCATED OR RESIDENT IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF LAWS OR REGULATIONS. THIS COMPANY ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR BUY ANY OF THE SECURITIES DESCRIBED HEREIN.

European Energy A/S (the "Issuer") announces that it has successfully priced its bond offering (the "Offering") of EUR 140,000,000 aggregate principal amount at a coupon of 3m Euribor + 535 bps senior secured callable floating rate green bonds due 2023 (the "New Bonds").

The net proceeds of the Offering will be used, in accordance with the Issuer's green bond framework, (i) towards repayment of the existing bond debt under the Issuer's EUR 85 million senior secured callable floating rate bonds 2017/2021 with ISIN code DK0030401278, and (ii) with respect to any net proceeds remaining after such repayment and payment of transaction costs, to finance or refinance eligible assets and projects.

Important Regulatory Notice

This Company Announcement is for information purposes only and is not an offer to sell or buy any securities. The New Bonds may not be sold in the United States unless they are registered under the US Securities Act of 1933, as amended (the "Securities Act") or are exempt from registration. Any future potential offering of new bonds described in this Company Announcement has not been and will not be registered under the Securities Act, and accordingly any offer or sale of such new bonds may be made only in a transaction exempt from registration requirements of the Securities Act.

It may be unlawful to distribute this Company Announcement in certain jurisdictions. This Company Announcement is not for distribution in Canada, Japan or Australia. The information in this Company Announcement does not constitute an offer of securities for sale in Canada, Japan or Australia. 

This Company Announcement has been made in accordance with Regulation (EU) No 596/2014 on market abuse (the "Market Abuse Regulation") and contains information that prior to its disclosure may have constituted inside information under the Market Abuse Regulation.

For anyone who may have questions regarding this Company Announcement, please contact a joint lead manager or the Issuer using the contact details set out below.

Joint Lead Managers

DNB Markets, a part of DNB Bank ASA, Sweden Branch

Tel: +47 984 93 362, E-mail: bond.syndicate@dnb.no

Nordea Bank Abp

Tel: +45 33331911, E-mail: drs.syndicate@nordea.com

Issuer

European Energy A/S

Contact information:

Jens-Peter Zink, chairman of the board

Tel: + 45 2047 8220, E-mail: jpz@europeanenergy.dk