Lotte Tour Development Co., Ltd. (KOSE:A032350) announced a private placement of round 7 non-guaranteed, unsecured, privately held convertible bonds for gross proceeds of KRW 37,000,000,000 on November 26, 2020. New investors Infinity Investment Advisory Co.,Ltd. will acquire bonds worth KRW 16,000,000,000, Kiwoom Securities Co., Ltd., Investment Arm will acquire bonds worth KRW 5,000,000,000, Mirae Asset Daewoo Co.,Ltd. (trust company of GV Fortress-A professional investment type private equity investment trust) will acquire bonds worth KRW 2,000,000,000, Mirae Asset Daewoo Co.,Ltd. (Trustee of GV Mezz-V2 Specialized Investment Private Equity Investment Trust) will acquire bonds worth KRW 500,000,000, Mirae Asset Daewoo Co.,Ltd. (trustee of Orian Mezzanine Multi-Strategy Specialized Investment Type Private Equity Trust No. 1) will acquire bonds worth KRW 1,000,000,000, Samsung Securities Co.,Ltd. (trust company of GV Coben-Alpha professional investment type private equity investment trust) will acquire bonds worth KRW 500,000,000, Samsung Securities Co.,Ltd. (trust business of NH Absolute Triton professional investment type private equity trust No.

1) will acquire bonds worth KRW 1,000,000,000, Samsung Securities Co.,Ltd. (the trust company of NH Absolute Mezzanine Specialized Private Equity Investment Trust No. 1) will acquire bonds worth KRW 1,000,000,000, NH Investment & Securities Co.,Ltd. (trust business of Orian luxury KOSDAQ venture professional investment type private equity investment trust No. 43) will acquire bonds worth KRW 400,000,000, NH Investment & Securities Co.,Ltd. (trust business operator of Orian luxury KOSDAQ venture professional investment type private equity trust No.

51) will acquire bonds worth KRW 600,000,000, NH Investment & Securities Co., Ltd., Investment Arm will acquire bonds worth KRW 2,000,000,000, DB Financial Investment Co.,Ltd., Investment Arm will acquire bonds worth KRW 1,000,000,000, eBest Investment Securities Co., Ltd., Investment Arm will acquire bonds worth KRW 2,000,000,000, Mirae Asset Venture Investment Co., Ltd. (KOSDAQ:A100790) will acquire bonds worth KRW 2,000,000,000, Hanyang Securities Co. Ltd. (KOSE:A001750) will acquire bonds worth KRW 1,000,000,000, Seon-wook Baek will acquire bonds worth KRW 500,000,000, Jong-tae Park will acquire bonds worth KRW 500,000,000. The bonds bear fixed coupon rate of 2.5% per annum, yield to maturity rate of 4.5% per annum, and will mature on January 14, 2025.

The bonds are fully convertible at a conversion price of KRW 15,550 per share into 2,379,421 shares for 3.3% of total shares. The conversion period starts from January 15, 2022 and ends on January 7, 2025. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on January 15, 2021.