Fugro announces launch of a repurchase of up to EUR 75 million aggregate principal amount of its subordinated convertible bonds due 2021

The invitation to holders of the Bonds to submit offers (the "Invitation") is expected to close at 5.30pm CET on 15 December 2020, subject to the right of the Company, in its sole discretion, to extend, re-open, amend or terminate the Invitation at any time prior to announcement of the final aggregate principal amount of the Bonds accepted for repurchase pursuant to the Invitation.

Eligible bondholders whose Bonds are accepted for purchase by the Company pursuant to the Invitation will receive an amount in cash equal to EUR 100,000 per EUR 100,000 in principal amount of the Bonds. In addition, the Company will pay, in respect of Bonds purchased pursuant to the Invitation, a cash amount representing interest accrued but unpaid on the Bonds from, and including, 26 October 2020 (being the last interest payment date for the Bonds prior to the Invitation) to, but excluding, 18 December 2020.