KARDAN TO REPAY EUR 7.5 MILLION TO DEBENTURE

HOLDERS B

Amsterdam, October 19, 2020, as previously announced, Kardan N.V. ('Kardan' or 'the Company'), active in Real Estate and Water Infrastructure, has transferred EUR 7.5 million (NIS 29.5 million) to Debenture Holders B trustee ('the Trustee') as a partial repayment of its debt.

The funds are available after distribution from Kardan Land China Ltd. This repayment to Debenture Holders B is within the context of the balance payments.

About Kardan

Kardan identifies and develops assets in promising emerging markets, mainly in Asia (predominantly China), Africa and selected CEE and CIS countries. Its activities are mainly focused on two sectors that benefit from the rising middle class: Real Estate and Water Infrastructure. Company headquarters are in the Netherlands. Kardan aims at holding controlling interests in its investments and is actively involved in the definition and implementation of their strategy through its local business platforms. Kardan is listed on the Tel Aviv Stock Exchange.

For further information please contact:

Floor van Maaren / Eva Lindner

+31 (0)6 2959 7746 / +31 (0) 6 3422 2831

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Kardan NV published this content on 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 15:14:06 UTC