Bekaert launches a public exchange offer on its bonds maturing 16 April 2014


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Please find attached the press release.


Bekaert launches a public exchange offer on its bonds maturing 16 April 2014

Bekaert confirms today the approval by the FSMA of the prospectus filed on 19 September 2013, in connection with its proposed unconditional public exchange offer in Belgium and Luxembourg. This exchange offer applies to all 150 000 fixed rate bonds (ISIN Code: BE0002167337) maturing 16 April 2014 and having a gross coupon of 6.75%, in exchange for new bonds with a nominal value of € 1 000 and a gross coupon of 4.75% per annum, at a ratio of one new bond for each existing bond.

The net actuarial yield for natural persons tax resident in Belgium (taking into account the 25% withholding tax) for the new bonds amounts to 3.085% (calculated in economic terms on the basis of a reference market price of the existing bonds of 102.963% on 18 September 2013 and under the assumption that the new bonds will be held from their issue date until their maturity date, at which time they will be repaid at 100% of their nominal value).

The acceptance period will run from 23 September 2013 (9:00 CET) to 7 October 2013 (16:00 CET). The accrued but unpaid interests since 16 April 2013 on the existing bonds tendered in the proposed exchange offer will be paid on 17 October 2013.

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