THIS
ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT
QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE
MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU)
596/2014 (AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018)
NOTICE OF PARTIAL
redemption
to the holders of the
outstanding
Euro-denominated 3.250 per cent. Notes
due 2025 (ISIN: XS1321149434)
(the "Notes")
issued by
Kennedy Wilson Europe Real Estate
Limited
(formerly known as Kennedy Wilson Europe
Real Estate Plc)
(the "Issuer")
NOTICE IS
HEREBY GIVEN to the holders of the Notes (the
"Noteholders") that the
Issuer has elected to redeem €175,000,000 in aggregate nominal
amount of the Notes in accordance with (i) Condition 6(d)
(Redemption at the Option of the
Issuer) of the Terms and Conditions of the Notes
and the Final Terms dated 10 November 2015 and 15 April 2016
in connection with the Notes (together, the "Final Terms" and, together with the
Terms and Conditions of the Notes, the "Conditions") and (ii) the terms of the
permanent global note representing the Notes.
As at the date of this notice, the outstanding
aggregate nominal amount of the Notes is €475,000,000.
Following the partial redemption of the Notes,
€300,000,000 in aggregate nominal amount of the Notes will remain
outstanding.
The redemption date for the aggregate nominal
amount of the Notes which are called for redemption pursuant to
this notice will be 18 December 2024 (the "Optional Redemption Date").
In accordance with Condition 6(d) and the Final
Terms, the aggregate nominal amount of the Notes called for
redemption will be redeemed at the Optional Redemption Amount,
being the Make Whole Redemption Amount (each as defined and
described in the Conditions), together with interest accrued to
(but excluding) the Optional Redemption Date.
The Make Whole Redemption Amount and the amount
of accrued interest per Calculation Amount (as defined in the
Conditions) will be notified to the Noteholders on 16 December
2024, such date being the second business day in London prior to
the Optional Redemption Date (being the Determination Date for the
purposes of Condition 6(d)).
For further information you may
contact:
Daven Bhavsar, CFA
Vice President of Investor Relations
dbhavsar@kennedywilson.com
This notice, which is irrevocable, is given by
Kennedy Wilson Europe Real Estate
Limited on 7 November 2024.
This notice is
released by the Issuer and contains information that qualified or
may have qualified as inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 (as it forms
part of domestic law by virtue of the European Union (Withdrawal)
Act 2018) ("MAR"), encompassing information relating to the partial
redemption of Notes described above. For the purposes of MAR and
Article 2 of Commission Implementing Regulation (EU) 2016/1055 (as
it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018), this announcement is made by Padmini
Singla, General Counsel, Europe of the Issuer.
LEI Number: 213800WIL553Z1T6DZ52