30.09.2015 14:24:50 CET

LM Group Holding A/S Announces Pricing of EUR50 million equivalent NOK-denominated Green Bond

Company announcement 16/2015

LM Group Holding A/S ("LM Group Holding" and, together with its consolidated subsidiaries, "LM Wind Power") has priced its previously announced green bond issuance (the "Green Bond") of NOK 475,000,000 in aggregate principal amount of floating rate senior secured notes due 2020. The company has swapped this into fixed rate Euros. The Green Bond benefits from the same guarantees and security as secures LM Group Holding's existing secured notes due 2019.

The Green Bond will mature in October 2020, unless earlier repurchased in accordance with their terms. Interest on the Notes is payable quarterly in arrears on January 8, April 8, July 8 and October 8 of each year, beginning on January 8, 2016. The offering of the Notes is expected to close on October 8, 2015, subject to customary conditions.

LM Group Holding intends to use the proceeds of the Green Bond to fund, in whole or in part, the expansion of LM Wind Power through projects, including: the financing of new plants for the manufacture of wind turbine blades; investments in existing plants that manufacture wind turbine blades, with a particular focus on the implementation of certain manufacturing processes and the upgrading of plant and machinery; potential acquisitions of businesses that solely manufacture wind turbine blades; and research and development, with a particular focus on technology facilitating the development of longer wind blades.

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 12 facilities in 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.

The securities being offered by LM Group Holding A/S will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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.