Elis SA announced the launch of a €200 million tap issue of 1.625% Notes due 2028 under its EMTN Programme (Euro Medium Term Notes), to be assimilated and form a single series with the existing €350,000,000 1.625% Notes due 2028 issued on 3 October 2019, and the simultaneous launch of a tender offer to repurchase a part of the €650 million 1.875% Notes admitted to trading on Euronext Paris issued on February 2018 and due 15 February 2023. The Tender Offer is subject to the successful completion of the issuance of the New Notes and includes a priority allocation mechanism for holders of the 2023 Notes expressing their firm intention tender their notes and to subscribe for the New Notes. The maximum amount accepted for the Tender Offer will be announced by the Company as soon as reasonably practicable after the pricing of the New Notes and is expected to be at least equal to the aggregate principal amount of the New Notes. The Tender Offer will expire on 20 September 2021 and its results are expected to be announced on 21 September 2021 (subject to the right of the Company to extend, withdraw, terminate, amend or re-open the Tender Offer). The purpose of the Tender Offer and issuance of the New Notes is to proactively manage the Company’s debt profile and to extend its average maturity.