Nets A/S

Nets A/S announces pricing of EUR 400,000,000 2.875% senior notes due 2024 by its subsidiary Nassa Topco AS

Company announcement No. 07/2017

Nets A/S announces pricing of EUR 400,000,000 2.875% senior notes due 2024 by its subsidiary Nassa Topco AS

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA.

THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Nets A/S (together with its subsidiaries, the "Nets Group") announced today that its wholly-owned subsidiary, Nassa Topco AS (the "Issuer"), has successfully priced an issuance of EUR 400,000,000 in aggregate principal amount of its senior notes due 2024 (the "Notes").

The Notes are to be issued with a coupon of 2.875%, at a price of 99.648%. Subject to certain contractual limitations, the Notes will be guaranteed by Nets A/S and certain other subsidiaries of the Nets Group.

The Issuer intends to use the net proceeds from the offering of the Notes to refinance a portion of the 3-year tenor term loan outstanding under the facilities agreement of the Nets Group and to pay fees and expenses in connection with the offering of the Notes.

The Notes are being offered in the United States only to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.

For further information, please contact:

For media enquiries:
Karsten Anker Petersen, Head of Communications, at [phone] or [e-mail]

For investor and analyst enquiries:
Lars Oestmoe, Head of M&A and IR, at [phone] or [e-mail]

Important notice

This announcement is not an offer of securities for sale in the United States. The Notes may not be sold in the United States unless they are registered under the Securities Act or are exempt from registration. The offering of Notes described in this press release has not been and will not be registered under the Securities Act, and accordingly any offer or sale of Notes may be made only in a transaction exempt from the registration requirements of the Securities Act.