DGAP-News

Enterprise Holdings Limited: Subscription of New 7.0% Corporate Bond 2015/2020 to Start Thursday, March 19, 2015 - Exchange Offer to Holders of Corporate Bond 2012/2017 - Increased transparency: quarterly reporting - Seite 2

includes the industry-specific requirement to provide sufficient capital
for all new business transactions. For the new fiscal year starting on
April 1, 2015, the company is projected to raise revenue from approx. 150m
GBP currently to 250m GBP, which is the equivalent of 100m GBP in sales
growth from today's perspective. Enterprise Holdings has a project pipeline
of more than 115m GBP or approx. 150m Euro, which requires 28m GBP or
approx. 35m Euro in capital. Add to that Enterprise plans for reducing
quota share reinsurance of individual niche insurance schemes from
currently almost 50% to 25%, further resulting in increased capital
requirements. Moreover, the company plans to use promising opportunities
for revenue and earnings growth in the form of acquisitions.

The main prospectus will be disclosed electronically on the websites of
both Enterprise Holdings Limited (www.enterprise-holdings.de) and the
Frankfurt Stock Exchange (www.boerse-frankfurt.de) for downloading and in
printed form at the head office of Enterprise Holdings Limited.

Information on the exchange offer is available at the corporate website
www.enterprise-holdings.de. Current holders interested in exchange are
asked to contact their depositary banks directly for that purpose.

Bond 2015/20 Key Data

Issuer: Enterprise Holdings Limited
Volume: Up to 85m Euro
ISIN / WKN: DE000A1ZWPT5 / A1ZWPT
Bond rating: BBB+ (Creditreform Rating AG, March 2015)
Coupon: 7.0% p.a.
Issue price: 100%
Min. par value: 1,000 Euro
Subscription period: 03/19 - 03/26/2015 (right to early closure reserved)
Value date: 03/30/2015
Maturity: 5 years: 03/30/2015 - 03/29/2020 (exclusively)
Interest payment: Annual, subsequently to March 30 of each year (starting
in 2016)
Date of repayment: 03/30/2020
Repayment: 100%
Status: Not subordinated, not collateralized
Termination right:
Termination right for issuer:
- None
Termination right for bondholders, especially in the following cases:
- Change of control
- Cross default
- Other cases as listed in corp. bond T&C (see prospectus)
Covenants:
- Quarterly reporting
- Negative pledge
- Payment restriction to max. 50% of annual surplus and then only if
equity shown in consolidated accounts equals more than 5m Euro
- Limitation asset sale
- Special account for cash flow retention (monthly disclosure on corp.