DGAP-Adhoc

Deutsche Lufthansa AG: Deutsche Lufthansa Aktiengesellschaft launches the offering of approx. EUR 525 million convertible bonds due 2025 - Seite 2

The Company may redeem all, but not some only, of the Bonds outstanding at their principal amount plus accrued interest at any time (i) on or after 8 December 2023 if the price of the Company's share is equal to or exceeds 130 per cent. of the prevailing conversion price on each trading day within a certain period, or (ii) if at any time the aggregate principal amount of the Bonds outstanding and held by persons other than the Company and any of its subsidiaries has fallen to 20 per cent. or less of the aggregate principal amount of the Bonds originally issued.

The Company has agreed not to offer any Shares or equity-linked securities within a period of 90 calendar days after the settlement of the Offering, and not to enter into any transaction having a similar economic effect, subject to customary exemptions.

The final terms of the Bonds are expected to be determined and announced through a separate press release later today. Settlement is expected to take place on or around 17 November 2020, and admission to trading on the non-regulated open market segment (Freiverkehr) of the Frankfurt Stock Exchange is expected shortly thereafter.

Contacts
Dennis Weber, Vice President Investor Relations, Phone [phone]

Disclaimers:

This announcement may not be published, distributed or transmitted, directly or indirectly, in the United States of America (including its territories and possessions), Australia, South Africa, Japan or any other jurisdiction where such announcement could be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons who are in possession of this document or other information referred to herein should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute an offer of, or a solicitation of an offer to purchase, securities of the Company or of any of its subsidiaries in the United States of America, Germany or any other jurisdiction. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, an offer in any jurisdiction. The securities offered will not be and have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act.