01.09.2015 09:59:16 CET

LM Group Holding A/S Announces Consent Solicitation for Its 8% Senior Secured Notes Due 2019

Company Announcement 13/ 2015

LM Group Holding A/S ("LM Group Holding" and, together with its consolidated subsidiaries, "LM Wind Power") today announced that it is soliciting consents (the "Consent Solicitation") from holders of its outstanding 8% Senior Secured Notes due 2019 (the "Notes") to amend certain provisions of the terms and conditions governing the Notes (the "Proposed Amendments").

The Proposed Amendments are being sought to permit LM Group Holding to raise additional funds to fund expansion through increased manufacturing capacity in key emerging markets and new growth sectors within its industry.

The Proposed Amendments would amend certain covenants of the Notes, inter alia, to permit the incurrence of an additional EUR 50 million in secured debt financing by LM Group Holding.

The adoption of the Proposed Amendments requires the consent of noteholders representing more than 50% of the nominal amount of Notes for which noteholders vote at a noteholders' meeting at which a quorum is present. Noteholders representing at least 20% of the nominal amount of the Notes outstanding will constitute a quorum.

Subject to satisfaction of the conditions as set out in the meeting notice (the "Notice of Noteholders' Meeting"), LM Group Holding will pay a consent fee to consenting noteholders eligible to receive such fee if the Proposed Amendments are approved at the noteholders' meeting.

Noteholders may cast a vote at the noteholders' meeting to be held on 22 September 2015 by participating in person or via an authorized representative.

Information about voting requirements, important dates for the consent solicitation and further information about the consent fee is available in the Notice of Noteholders' Meeting, which is made available by the tabulation agent, Intertrust CN Denmark A/S, to noteholders at its website www.intertrustgroup.com.

This announcement does not describe all of the material terms of the consent solicitation and must be read in conjunction with the Notice of Noteholders' Meeting.

Any person with questions regarding the consent solicitation should contact the consent solicitation agent, Nordea Bank Danmark A/S, Bibi Larsen at +45 3333 1675, bibi.larsen@nordea.com or LM Wind Power (contacts hereafter).

Any person with questions regarding the voting process should contact the tabulation agent, Intertrust CN Denmark A/S, Joo Runge and Christian Ploug Christensen, bonds_denmark@intertrust.com.

About LM Wind Power  

LM Wind Power is the world's largest independent supplier of rotor blades for wind turbines, with a global manufacturing footprint that includes 13 facilities in Brazil, Canada, China, Denmark, India, Poland, Spain and the United States. The company has produced more than 175,000 blades since 1978, corresponding to more than 70 GW installed capacity and global savings of more than 120 million tons of CO2 annually.

For further information, please contact Christopher Oliver Springham, VP, Global Communications & HR, at +31 6 14814919, or Lene Mi Ran Kristiansen, Manager, Global Communications, at +45 5138 8236.


This announcement does not contain, constitute or form a part of any offer or solicitation to purchase, subscribe or otherwise trade in notes or other securities in LM Group Holding A/S or LM Wind Power.

In respect of the consent solicitation process, this announcement must be read in conjunction with the Notice of Noteholders' Meeting. If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, legal counsel, accountant or other appropriately authorized independent financial advisor.

Neither this announcement nor the Notice of Noteholders' Meeting constitutes an invitation to participate in the consent solicitation in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution or publication of this announcement or of the Notice of Noteholders' Meeting in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Notice of Noteholders' Meeting comes are therefore required to inform themselves about, and to observe, such restrictions.