In the Course of the Implementation Process of Its Financial Restructuring, Europcar Mobility Group Announces a Large Support of Its Affected Financial Creditors as of December 18, 2020 - Seite 2

A LARGE SUPPORT TO THE AGREEMENT IN PRINCIPLE

As of December 18^th, 2020, being the date of expiration of the Backstop Commitment Period, holders of the Senior Notes representing 81.60% of the aggregate principal amount of the Senior Notes and creditors representing 100% of the aggregate principal amount of the Credit Suisse Facility have acceded to the Lock-up Agreement and support the Agreement in Principle (as such terms are defined in the Initial Press Release), setting out the terms and conditions of the corporate restructuring of the Group, as further detailed in the Initial Press Release. Such support will facilitate the implementation of the Agreement in Principle in the course of the accelerated financial safeguard proceedings (SFA) opened on December 14^th, 2020 by the Paris Commercial Court (Tribunal de commerce de Paris).

This a significant step for Europcar Mobility Group in the prospect of the Financial Creditors Committee (Comité des établissements de crédit et ceux assimilés) and the bondholders’ general meeting (Assemblée Générale Unique des Obligataires) votes on the accelerated financial safeguard draft plan, that shall occur on January 7^th, 2021 pursuant to the indicative timeline.

RESULTS OF THE SUBSCRIPTION PERIOD AND THE BACKSTOP COMMITMENT PERIOD

At the expiration of the Backstop Commitment Period, each of the financing or refinancing instrument/issuance has been subscribed as follows:

- for the €200m Senior Noteholders Reserved Capital Increase, 10.52% the issuance has been subject to subscription commitments, representing €21,046,475.69 of allocation reserved to the subscribing holders of the Senior Notes;

- for the Fleet Financing New Money, 5.97% of the principal amount of the facility has been subject to subscription commitments, representing an aggregate principal amount of €13,433,571.43;

- for the RCF Refinancing:

• regarding the €500m term loan facility, 3.62% of the principal amount of the facility has been subject to subscription commitments, representing an aggregate principal amount of €18,100,000.01; and,
• regarding the €170m revolving credit facility, 6.39% of the principal amount of the facility has been subject to subscription commitments, representing an aggregate principal amount of €10,857,657.15.

Any remaining amount – as well as any amount left after the subscription period of the Right Issue – is fully backstopped by the holders of the Senior Notes (including the members of the Cross-Holders Coordinating Committee) having committed to backstop while acceding to the lock-up agreement, representing €715,311,000 in principal amount of the Senior Notes and representing 68.12% of the aggregate principal amount of the Senior Notes outstanding on November 25^th, 2020.