TIDM69WK

RNS Number : 9459G

Tabreed 08 Financing Corporation

19 May 2011

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, THE CAYMAN ISLANDS OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE REPUBLIC OF ITALY(SEE "OFFER AND DISTRIBUTION RESTRICTIONS" BELOW)

19 May 2011

National Central Cooling Company PJSC announces the settlement today of its tender offer for the AED1,700,000,000 Trust Certificates due 2011 (ISIN: XS0359799136) of Tabreed 08 Financing Corporation and reminds any remaining Certificateholders of the final redemption procedures for the Certificates

Settlement of the Offer

National Central Cooling Company PJSC (Tabreed) announced on 2 March 2011 an invitation to holders of the AED1,700,000,000 Trust Certificates due 2011 (ISIN: XS0359799136) (the Certificates) of Tabreed 08 Financing Corporation (the Certificateholders and the Issuer, respectively) to tender their Certificates for purchase by Tabreed (the Offer). The Offer expired on 16 March 2011.

Tabreed announces and gives notice to Certificateholders that settlement of the Offer and the delivery of the relevant Shares took place today following receipt of the final regulatory approvals required.

Mandatory redemption of the remaining Certificates

Holders of any Certificates remaining following today's settlement of the Offer are further reminded that today is also the mandatory redemption date of the Certificates (the Maturity Date).

The redemption of such Certificates following the Maturity Date, which redemption is to be by delivery of Shares by way of Physical Settlement, is subject to the delivery by each remaining Certificateholder of a duly completed Exercise Notice to the Issuer and the Principal Paying and Exchange Agent by no later than the Maturity Date in accordance with Condition 6.8 or as otherwise specified in the new Condition 6.1 (Mandatory Redemption). The latest date for the delivery of any such Exercise Notice is the 60th Trading Day after the Maturity Date.

The Issuer will have no obligations in respect of any Certificateholder who fails to complete an Exercise Notice within the relevant periods prescribed above.

The Offer and Proposal were made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 2 March 2011 (the Tender Offer Memorandum) and this announcement should be read in conjunction with the Tender Offer Memorandum and the announcements by Tabreed dated 2, 16 and 28 March 2011 and 1 and 20 April 2011. Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in the Tender Offer Memorandum and the Conditions.

Morgan Stanley & Co. International plc acted as Dealer Manager. Lucid Issuer Services Limited acted as Tender Agent. For detailed terms of the Offer and the Proposal please refer to the Tender Offer Memorandum, copies of which can be obtained from the Tender Agent referred to below.

Dealer Manager

 
 Morgan Stanley & Co. International plc 
             25 Cabot Square 
              Canary Wharf 
             London E14 4QA 
             United Kingdom 
       Telephone: +971 4 363 4829 
         Attention: Yavar Moini 
   Email: tandem_ecm@morganstanley.com

Tender Agent:

 
        Lucid Issuer Services Limited 
                 Leroy House 
                436 Essex Road 
                London N1 3QP 
                United Kingdom 
         Telephone: +44 20 7704 0880 
            Fax: +44 20 7067 9098 
  Attention: Sunjeeve Patel / Thomas Choquet 
         Email: tabreed@lucid-is.com

Principal Paying and Exchange Agent:

 
   The Bank of New York Mellon 
         One Canada Square 
           Canary Wharf 
          London E14 5AL 
          United Kingdom 
  Email: corpsovcee@bnymellon.com

DISCLAIMER

Neither this announcement nor the Tender Offer Memorandum constitutes an offer to buy or the solicitation of an offer to sell Certificates. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by each of Tabreed, the Issuer, the Dealer Manager and the Tender Agent to inform themselves about and to observe any such restrictions.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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