GlobeNewswire Inc | Dec 3, 2020 02:30AM EST

December 03, 2020

Paris, Amsterdam, December 3, 2020

Press release

Unibail-Rodamco-Westfield (URW) announces tender offer results

Further to the announcement on November 25, 2020, of the successful 2 Bn bond issuance and the launch of the concurrent tender offer, URW today announces the results of its tender offer, which will enable the Group to repurchase bonds with a total nominal amount of 544.9 Mn (19.56% of the outstanding amount) as detailed below:

Issue Outstanding Tendered OutstandingISIN Date Maturity Coupon Amount Amount Amount after tender offerXS0894202968 25/02 25/02/ 2.375% ?418,380,000 ?31,150,000 ?387,230,000 /2013 2021FR0013332970 15/05 14/05/ 0.125% ?800,000,000 ?314,500,000 ?485,500,000 /2018 2021XS1121177338 15/10 17/10/ 1.375% ?318,515,000 ?61,174,000 ?257,341,000 /2014 2022XS0942388462 12/06 12/06/ 2.500% ?498,792,000 ?31,782,000 ?467,010,000 /2013 2023XS1038708522 26/02 26/02/ 2.500% ?750,000,000 ?106,252,000 ?643,748,000 /2014 2024

The tender offer will be funded from the net proceeds of the November 2020 bond issuance, and is part of the Groups active debt management strategy.

URW accepted all tenders and the settlement will take place on December 4, 2020.

For further information, please contact:Investor RelationsSamuel WarwoodMaarten Otte+33 1 76 77 58 02Maarten.otte@urw.com

Media RelationsCline van Steenbrugghe+33 6 71 89 73 08celine.vansteenbrugghe@urw.com

About Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield is the premier global developer and operator of Flagship Destinations, with a portfolio valued at 58.3 Bn as at September 30, 2020, of which 86% in retail, 7% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 89 shopping centres, including 55 Flagships in the most dynamic cities in Europe and the United States. Its centres welcome 1.2 billion visits per year. Present on two continents and in 12 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events and offers an exceptional and constantly renewed experience for customers. With the support of its 3,400 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects. Unibail-Rodamco-Westfield distinguishes itself by its Better Places 2030 agenda, that sets its ambition to create better places that respect the highest environmental standards and contribute to better cities. Unibail-Rodamco-Westfield stapled shares are listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from an BBB+ rating from Standard & Poors and from a Baa1 rating from Moodys.

For more information, please visit www.urw.comVisit our Media Library at https://mediacentre.urw.com Follow the Group updates on Twitter @urw_group, Linkedin @Unibail-Rodamco-Westfield and Instagram @urw_group

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-- Unibail-Rodamco-Westfield (URW) announces tender offer results