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2016-10-20

Klövern AB: Klövern contemplates the issuance of SEK bonds and announces tender offer for its January 2017 bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE
U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN
MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA)
(the "United States") OR TO ANY U.S. PERSON. THE DISTRIBUTION OF THIS
DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES, THE
UNITED KINGDOM, FRANCE, BELGIUM AND ITALY) MAY BE RESTRICTED BY LAW.

Klövern has mandated Nordea and Swedbank to arrange fixed income investor
meetings starting on 20 October 2016. A SEK denominated senior unsecured
capital markets transaction may follow, subject to market conditions (the
"New Issue Transaction"). Furthermore, Klövern announces its invitation to
holders (the "Holders") of its outstanding SEK 1,150,000,000 FRN bonds due 19
January 2017 (ISIN: SE0004868453)(the "January 2017 bonds") to tender their
January 2017 bonds for cash, subject to the conditions outlined below.
Holders are hereby offered to participate in the New Issue Transaction.

Early Redemption

Conditional upon the consummation of the New Issue Transaction, Klövern
intends to make an early redemption of the January 2017 bonds in accordance
with the Terms&Conditions dated 19 October 2012. The January 2017 bonds will
in an early redemption event be redeemed at a price equal to 100.00 per cent.
of the nominal amount (plus accrued and unpaid interest from, but excluding,
the preceding interest payment date until, and including, the relevant early
redemption date).

Tender Offer

For every nominal SEK 1,000,000 of bonds in the New Issue Transaction
irrevocably subscribed by a Holder, Klövern agrees to purchase from that
Holder nominally SEK 1,000,000 of the January 2017 bonds at a fixed cash
price equal to 100.250 per cent. of the nominal amount (plus an amount equal
to any accrued and unpaid interest from, but excluding, the preceding
interest payment date until, and including, the relevant settlement date)
(the "Tender Offer"). Holders may receive priority allocation for the
aggregate principal amount of bonds subscribed for in the New Issue
Transaction in relation to January 2017 bonds tendered to Klövern.

The New Issue Transaction proceeds will be used for the refinancing of the
January 2017 bonds and for general corporate purposes. The acceptance of
bonds for purchase pursuant to the Tender Offer is conditional on the
successful completion, determined by Klövern, of the New Issue Transaction,
on terms satisfactory to Klövern in its sole discretion. Holders can only
participate in the Tender Offer by submitting a valid tender instruction.

Deadline

The Tender Offer expires at 17.00 CET on Tuesday 25 October 2016, unless
extended, re-opened, withdrawn or terminated at the sole discretion of
Klövern. Klövern will announce the results and whether any of the January
2017 bonds will be accepted for the offer as soon as reasonably practicable
after the pricing of the New Issue Transaction. Settlement for any purchase
of January 2017 bonds pursuant to the Tender Offer is expected to take place
on the same date as the settlement of bonds subscribed for in the New Issue
Transaction and will be no later than Wednesday 9 November 2016.

Subject to applicable law, Klövern may, in its sole and absolute discretion,
extend, re-open, amend or waive any condition of or terminate the Tender
Offer at any time. Holders are advised to carefully read this announcement
for the details of and information on the procedures for participating in the
Tender Offer.

Settlement of the transactions pursuant to the Tender Offer will occur as a
secondary trade via the Dealer Managers.

Participation

Holders will not receive a tender document for this tender transaction, and
any Holders wishing to participate in the Tender Offer should contact the
arranging banks using the contact details below to receive an acceptance
form, which includes the details of how to participate in the Tender Offer.
Tender instructions given via the acceptance form are irrevocable by the
Holders, except in the limited circumstance described in the acceptance form.
Holders should only submit their tender instructions to one of the arranging
banks.

Joint Bookrunners and Dealer Managers

Nordea Bank AB (publ)

Tel: +45 6161 2996,

E-mail: Nordealiabilitymanagement@nordea.com

Swedbank AB (publ)

Tel: +46 8 700 90 22

E-mail: Syndicate@swedbank.se

Klövern AB (publ)

For additional information:

Rutger Arnhult, CEO, +46 70-458 24 70, rutger.arnhult@klovern.se
Lars Norrby, IR, +46 76-777 38 00, lars.norrby@klovern.se

Klövern is a real estate company committed to working closely with customers
to offer them efficient premises in Swedish growth regions. Klövern is listed
on Nasdaq Stockholm. For further information, see www.klovern.se.

Klövern AB (publ), Bredgränd 4, 111 30 Stockholm. Phone: +46 8-400 500 50.
E-mail: info@klovern.se.

This information is information that Klövern AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact persons set out
above, at 11:30 CET on 20 October 2016.

161020 Klövern contemplates the issuance of SEK bonds and...
http://hugin.info/134084/R/2050208/766856.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Klövern AB (publ) via Globenewswire

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