21 March 2016

HeidelbergCement issues a Eurobond with a volume of €1 billion

Refinancing needs for Italcementi acquisition further reduced

Today, HeidelbergCement priced a Eurobond issue (ISIN XS1387174375) under its €10 billion EMTN programme with an issuance volume of €1 billion and a maturity date of 30 March 2023. The bond was issued at the upper end of the volume and the lower end of the coupon range. Demand was very high; the bond was more than 3 times oversubscribed.

The 7 year bond bears a fixed coupon of 2.25% p.a. The issue price is at 99.616%, resulting in a yield to maturity of 2.31%. These terms are the most attractive HeidelbergCement could ever secure in this maturity segment. Active Bookrunner of the transaction are Bank of America Merrill Lynch, Commerzbank, ING, Morgan Stanley (B&D) und Nordea.

The proceeds will be utilised for general corporate purposes and especially to pre-fund the upcoming Italcementi acquisition. Thereby the volume of the bridge financing will be reduced from €2.7 billion to the minimum volume required for the mandatory takeover offer of €2 billion. The refinancing needs in the bond market decline to below €1 billion in line with the issuance volume.

As already communicated in the announcement of the Italcementi acquisition, the bridge financing should be refinanced by free cash flow, the sale of production sites and the issuance of bonds.

About HeidelbergCement

HeidelbergCement is one of the world’s largest integrated manufacturers of building materials with leading market positions in aggregates, cement, and ready-mixed concrete as well as other downstream activities. The company employs some 45,000 people at 2,300 locations in more than 40 countries.

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The information contained herein serves information purposes and does not constitute a prospectus or any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities of HeidelbergCement AG.

This release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities described herein will not be registered under the Securities Act.

The information contained in this release may not be issued or distributed in or into the United States of America, Canada, Australia or Japan and does not constitute an offer to sell nor a solicitation of an offer to buy securities in the United States of America, Canada, Australia or Japan.

Andreas Schaller

Group Spokesman, Director Group Communication & Investor Relations
+49 6221 481 13249
+49 6221 481 13217
HeidelbergCement AG
Berliner Straße 6
69120 Heidelberg