Luxembourg, 16 March 2021: Agri Resources Group S.A., an international specialist in the sustainable cultivation and processing of agricultural products in Africa and Europe, has placed its 8.00% Sustainability Bond (ISIN: DE000A287088) at a volume of EUR 40.0 million. Thereof, EUR 34.6 million were subscribed in the public offering and a private placement. The remaining EUR 5.4 million were exchanged for the new 8.00% bond 2021/2026 with a nominal amount of EUR 1,000 each (ISIN: XS1413726883) at an exchange ratio of 1 to 10 by holders of the existing 8.00% bond 2016/2021 with a nominal amount of EUR 10,000 each in the public exchange offer. The Sustainability Bond 2021/2026 is expected to be admitted to trading in the Open Market of the Frankfurt Stock Exchange in the Quotation Board segment on March 17, 2021. The issue was accompanied by futurum bank AG as bookrunner.

Agri Resources Group will invest the inflowing funds in the further development of its sustainable activities in Madagascar, Ghana, Mauritius and Benin in order to, on the one hand, meet the steadily increasing demand for specialties such as vanilla from international blue-chip customers in the food and cosmetics industries in Europe, Africa and Asia. On the other hand, the company also supplies its regional African markets and neighboring countries with basic foodstuffs, benefiting from the steadily increasing demand there and making an important contribution to a secure food supply in countries such as Ghana or the Republic of Congo. Agri Resources Group is aiming for double-digit annual revenue growth and disproportionately rising earnings until 2024.

Key data of the Sustainability Bond 2021/2026

Issuer Agri Resources Group S.A.
Financial instrument Sustainability Bond
Issue volume Up to EUR 50 million
Placed volume EUR 40.0 million
Coupon 8.00% p.a.
ISIN / WKN DE000A287088 / A28708
Issue price 100%
Denomination EUR 1,000
Value date 17 March 2021
Term 5 years: 17 March 2021 to 17 March 2026 (exclusive)
Interest payment Annually in arrears on 17 March of each year (first time in 2022)
Redemption date 17 March 2026
Redemption price 100%
Status Unsubordinated, unsecured
Special termination rights of the Issuer

·         From 17 March 2023 at 102% of the nominal amount

·         From 17 March 2024 at 101.5% of the nominal amount

·         From 17 March 2025 at 101% of the nominal amount

Termination rights of bondholders and covenants

·         Change of control

·         Negative pledge

·         Minimum equity ratio of 25%

·         No prohibited distribution

·         Reporting as to proceedings of projects and use of proceeds

Applicable law German law

·         Securities prospectus approved by the Commission de Surveillance du Secteur (“CSSF”) in Luxembourg with notification to the Federal Financial Supervisory Authority (“BaFin”) in Germany

·         The approval of the prospectus shall not be construed as an endorsement of the securities offered.

Admission to trading Quotation Board, Open Market Segment of the Frankfurt Stock Exchange
Bookrunner futurum bank AG

Important note:

This publication does not constitute a prospectus. This publication is neither an offer to sell nor a solicitation of an offer to buy securities. The securities which are the subject of this publication were offered by the issuer exclusively in the Federal Republic of Germany and the Grand Duchy of Luxembourg by way of a public offer. Outside the Federal Republic of Germany and the Grand Duchy of Luxembourg, no public offer is being made. The public offer is closed.

The securities will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.

This release contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of Agri Resources Group S.A. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in these statements, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this release or the underlying assumptions. The Company does not assume any obligations to update any forward-looking statements. Moreover, it should be noted that all forward-looking statements only speak as of the date of this release and that neither the Company nor futurum bank AG assume any obligation, except as required by law, to update any forward-looking statement or to conform any such statement to actual events or developments. Each of the Company and futurum bank AG and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this release, whether as a result of new information, future developments or otherwise.

For further information:

Frank Ostermair / Linh Chung

Better Orange IR & HV AG

089/8896906-25 /