Pepco Group Signs €770 Mln Of Committed Credit Facilities

Pepco Group NV PCO:

• HAS SIGNED €770 MILLION OF COMMITTED CREDIT FACILITIES WITH SYNDICATE OF 10 RELATIONSHIP BANKS

• SYNDICATION WAS OVERSUBSCRIBED, WITH STRONG DEMAND ENABLING GROUP TO UPSIZE FACILITIES FROM ORIGINALLY PROPOSED €750 MILLION

• NEW FINANCING COMPRISES TWO TERM LOAN FACILITIES AND REVOLVING CREDIT FACILITY

• NEW TERM FACILITIES WILL BE USED TO REFINANCE GROUP’S CURRENT INDEBTEDNESS

• REVOLVING CREDIT FACILITY WILL BE AVAILABLE FOR GENERAL CORPORATE PURPOSES AND AS LIQUIDITY RESERVE FOR GROUP

• CONFIRMS THAT ITS SUBSIDIARY, PEU (FIN) PLC, HAS SUCCESSFULLY COMPLETED SUBSCRIPTION PROCESS FOR ITS SERIES 1 BONDS ISSUED UNDER ITS PLN 2 BILLION BOND ISSUANCE PROGRAMME