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, on 18
December 2024 (the "Optional
Redemption Date"), the Issuer redeemed €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.
Terms used in this notice but not defined
herein shall have the meaning given to them in the
Conditions.
The Notes so redeemed were redeemed at the Make
Whole Redemption Amount notified to Noteholders on 16
December 2024 (such Make Whole Redemption Amount
being €1,004.30 per Calculation Amount,
amounting to a total of €175,751,843.97,
in respect of all of the Notes called for redemption), together
with interest accrued to (but excluding) 18 December
2024 (the "Optional Redemption
Date") (such interest accrued being an amount
equal to €3.21 per Calculation Amount,
amounting to a total of €560,958.90, in
respect of all of the Notes called for redemption). Following the
partial redemption of the Notes, €300,000,000
in aggregate nominal amount of the Notes remains
outstanding.
In accordance with the Conditions, all of the
Notes called for redemption will be cancelled and may not be
re-issued or resold.
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 18 December 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