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The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, Guernsey and the Isle of Man in accordance with applicable regulatory requirements. The Bonds may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958.
3 July 2013
BRUNTWOOD INVESTMENTS PLC
LAUNCH OF STERLING 6% SECURED BONDS MATURING 2020
Bruntwood Group Limited, ("Bruntwood"), through its subsidiaries, owns and manages 110 office buildings, valued at £891m and leased to more than 2000 businesses in the Cities of Manchester, Birmingham, Leeds and Liverpool. Its wholly-owned subsidiary, Bruntwood Investments plc (the "Issuer"), has today launched an offer of 6% bonds due 2020 (the "Bonds"), which will have a guarantee from Bruntwood Limited and will also be secured over a portfolio of real estate and other assets of Bruntwood. The Bonds are available to retail investors and are being issued by the Issuer for general corporate purposes.
The Bonds will be issued on 24 July 2013. Fixed interest at the rate of 6% per annum, will be payable semi-annually in arrears on 24 July and 24 January of each year until 24 July 2020. The first coupon payment will be on 24 January 2014. At any time during the life of the Bonds, investors are permitted to sell the Bonds (within market hours and in normal market conditions) on the open market through their stockbroker.
Investec Bank plc is acting as sole Manager on the issue.
The Bonds have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter.
The offer period is now open and is expected to close at 12 noon (London time) on 17 July 2013. The Issuer retains the right to close the offer early, in conjunction with the Manager.
The Bonds are expected to be listed on the UK Listing Authority's Official List and admitted to trading on the London Stock Exchange's regulated market and through its electronic Order Book for Retail Bonds.
· Barclays Stockbrokers
· Brown Shipley
· Interactive Investor Trading Ltd
· Killik & Co LLP
· Redmayne Bentley LLP
Commenting on the launch, Chris Oglesby, Chief Executive of Bruntwood, said:
"We are very pleased to announce the launch of our first retail bond. This will enable us to diversify our funding base without increasing our leverage. Bruntwood has operated in the regional property sector for 37 years and looks forward to joining the growing number of companies in the retail bond market trading on the LSE ORB platform".
For further information, please see Bruntwood's website:
For enquiries please contact:
Kevin Crotty, Chief Financial Officer
0161 212 2222
Pelham Bell Pottinger
020 7861 3888
Investec Bank plc
0207 597 4793
Notes to Editors
About the Bonds
1. The Bonds may not be suitable for all investors. Investors should ensure that they fully understand the risks and seek independent advice.
2. Investors should not that the market price of the Bonds can rise and fall during the life of the investment and that the price of the Bonds could fall below the issue price.
3. In the event that Bruntwood defaults, becomes insolvent or goes out of business, investors may lose some or all of their investment.
The offering and the distribution of this announcement and other information in connection with any offer in certain jurisdictions may be restricted by law and persons into whose possession this announcement or any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase. Any purchase of Bonds pursuant to any offer should only be made on the basis of the information contained in the prospectus dated  July 2013 relating to the Bonds which contains important risk factors and which can be obtained at www.bruntwood.co.uk/[bonds].
The Bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Subject to certain exceptions, the Bonds may not be offered, sold or delivered within the United States or to, or for the account or benefit of U.S. persons. The Bonds are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act. There will be no public offering in the United States.
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