IGD – Immobiliare Grande Distribuzione SIIQ S.p.A., leading owner and manager of retail shopping centers in Italy and listed on the STAR segment of the Italian Stock Exchange, advises that today the Bondholders Meeting of “€230,000,000 3.50 per cent. Convertible Bonds due 2013”, having an aggregate nominal amount of Euro 230 million and convertible into ordinary shares of the Company, originally issued by means of a resolution dated as of 25 June 2007 and subsequently amended in 2010, approved the amendments to the terms and conditions of the convertible bond, as announced by the press release of 18 March 2013.

In particular, the amendments approved by the Bondholders Meeting are:

• the amendment to Negative Pledge clause through amendments to the applicable definitions,aimed at allowing the Company to resolve upon future bond issuances to be secured by security over its assets or the assets of its subsidiaries; and
• the introduction of a put option in favour of the Bondholders, to be exercised by the Bondholders in the event that the Issuer resolves upon future bond issuances to be secured by security over its assets or the assets of its subsidiaries,
• consequential amendments to the Terms and Conditions and the Trust Deed.

The amendment to the terms and conditions of the convertible bonds is aimed at granting the Company a higher degree of flexibility in the evaluation of future repayment options of any outstanding indebtedness reaching maturity and the funding of new investments.