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2015-09-30

TOUAX: TOUAX announces the refinancing for €67.5 million of corporate credit lines

PRESS RELEASE - Paris, 30 September 2015 - 6 p.m.

TOUAX

YOUR OPERATIONAL LEASING SOLUTION

TOUAX announces the refinancing for €67.5 million of corporate credit lines

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TOUAX announces the refinancing for €67.5 million of corporate credit lines,
after the refinancing of a €55 million asset credit facility in H1 2015 and
the issue of a €23 million convertible bonds (ORNANE type) in early July.

This financing, maturing in 2019, consists of a revolver line and an
amortizing term loan. TOUAX had the opportunity, due to these new credit
lines, to adjust its financial covenants to better match its leasing business
of tangible assets (loan to value, overall gearing ratio, interest coverage
ratio and minimum EBITDA). The interest rate of this debt is in line with the
Group average debt (3.20% at June 30, 2015).

The proceed of this financing is for the refinancing of a club deal credit
line maturing in 2016, of a bilateral corporate line and to cover general
corporate needs.

In parallel, the bond subscription contract of December 14, 2012 was amended
with the consent of all of the bondholders, to align the covenants with those
of the new corporate credit line.

These new credit lines were entered into between (i) the company TOUAX SCA as
borrower, (ii) Bank of China Limited, Banque Européenne du Crédit Mutuel
(BECM), BNP Paribas, BRED Banque Populaire (BRED), Crédit du Nord, Crédit
Industriel et Commercial (CIC), Crédit Lyonnais (LCL), KBC Bank N.V., French
branch and Société Générale Corporate&Investment Banking as mandated
arrangers, (iii) Société Générale as agent, (iv) Société Générale
Corporate&Investment Banking as documentation agent and (v) Bank of China
Limited, Banque Européenne du Crédit Mutuel (BECM), BNP Paribas, BRED Banque
Populaire (BRED), Crédit du Nord, Crédit Industriel et Commercial (CIC),
Crédit Lyonnais (LCL), KBC Bank N.V., French branch and Société Générale as
lenders, with the assistance of their advisors Latham&Watkins AARPI and
Herbert Smith Freehills LLP, Paris.

Thanks to the refinancing of these lines, there are no significant repayment
due in 2016 beyond the scheduled amortizing debts.

TOUAX Group leases out tangible assets (shipping-containers, modular
buildings, freight railcars and river barges) on a daily basis to more than
5,000 customers throughout the world, for its own account and on behalf of
third party investors. With more than €1.8 billion under management, TOUAX is
one of the European leaders in the operational leasing of this type of
equipment.

TOUAX is listed in Paris on NYSE EURONEXT - Euronext Paris Compartment C (Code
ISIN FR0000033003) and on the CAC® Small and CAC® Mid&Small indexes and in
EnterNext PEA-PME.

For more information:www.touax.com

Contacts:

TOUAX

Fabrice&Raphaël Walewski

Managing partners

touax@touax.com

Tel: +33 (0)1 46 96 18 00

ACTIFIN

Ghislaine GASPARETTO

ggasparetto@actifin.fr

Tel: +33 (0)1 55 88 11 11

Touax - refinancing of corporate credit lines
http://hugin.info/143600/R/1955795/712250.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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: TOUAX via Globenewswire

HUG#1955795

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