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Wereldhave NV (0NMR)

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Wednesday 08 February, 2006

Wereldhave NV

Issue of Bonds

Wereldhave NV
08 February 2006



WERELDHAVE N.V. LAUNCHES AN ISSUE OF UP TO EURO 200 MILLION OF 5 YEAR SENIOR
UNSECURED CONVERTIBLE BONDS


Wereldhave N.V. ('Wereldhave') announced today that it has launched an offering
(the 'Offering') of up to EUR 200 million senior unsecured convertible bonds due
2011 (the 'Bonds'). The shares to be issued upon conversion of the Bonds (the
'Shares') will represent just under 10% of Wereldhave's currently issued share
capital.


The maturity of the Bonds is 5 years. The Bonds will be issued at 100 per cent
of their principal amount and will have a coupon of between 2.50 per cent and
3.00 per cent per annum payable semi-annually in arrear. The conversion price is
expected to be set at a premium of between 11 per cent and 16 per cent above a
reference price of Wereldhave's ordinary shares. The final terms of the Bonds
are expected to be announced later today through a separate press release.


NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY INTO OR IN
 THE UNITED STATES (OR TO US PERSONS), AUSTRALIA, CANADA, ITALY OR JAPAN OR IN
     ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY
                                 APPLICABLE LAW


This press release is for information purposes only and is not an offer to sell,
or the solicitation of an offer to buy, any securities. The distribution of this
press release and the offer and sale of the securities in certain jurisdictions
 may be restricted by law. Any persons reading this press release should inform
                themselves of and observe any such restrictions.


This press release is not an offer of securities for sale in the United States.
The offer and sale of the securities has not been, and will not be, registered
under the U.S. Securities Act of 1933, as amended. The securities may not be
offered or sold in the United States absent such registration or an applicable
exemption from registration. There will be no public offering of the securities
in the United States.




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