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Aryzta: signs banks deal ahead of capital raising

Zurich / CH. (aag) Swiss-Irish Aryzta AG announces that it will hold its 2018 AGM on 1 November 2018 at 10:00am in Dübendorf, Switzerland. Resolutions to be put to a vote of shareholders at the AGM will include the election of new directors to the Aryzta Board and a vote on a share capital increase of Aryzta AG. Details of the election of new directors are the subject of a sepa- rate announcement.

In addition, Aryzta AG announces that it has entered into a standby volume underwrit- ing agreement in relation to its proposed EUR 800 million capital raise with BofA Merrill Lynch and UBS, as Process Banks, and Credit Suisse, JP Morgan and HSBC Bank PLC, as Joint Global Coordinators, (together, the «Banks»). The underwriting agreement is subject to conditions in line with market practice for similar transactions, including the absence of any material adverse developments relating to the Aryzta group.

Aryzta AG has also received the consent of the requisite majority of its lenders to amend its existing Facilities Agreement to provide additional flexibility to pursue its new business strategy and implement a share capital increase as part of its deleveraging plan. The consent is subject to the entering into of final documentation. The amendments to the Facilities Agreement include the amendments set forth in Annex A.

The shareholder invitation with a detailed AGM agenda along with further details of the capital raise will be issued in due course. In addition, Aryzta AG will release its FY2018 results on 1 October 2018.