Holcim redeems convertible bonds

12 June 2007
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM THE UNITED STATES


Holcim has two convertible bonds outstanding, a 1% CHF Convertible Bond with a remaining outstanding nominal amount of CHF 131,160,000 due in 2012, and a USD Zero Coupon Convertible Bond with a remaining outstanding nominal amount of USD 22,021,000 maturing in 2017. The book value of the CHF bond as of March 31, 2007 is CHF 619 million, the book value of the USD bond is CHF 165 million. The CHF bond can be called by the issuer on or any time after June 10, 2007. As more than 90 percent of the initially issued USD convertible bonds have been converted, Holcim exercises its right to redeem the remaining outstanding bonds.

Both bonds will be redeemed on July 13, 2007. The accreted principal amount including the accrued interest for each CHF bond in the denomination of CHF 5,000 will be CHF 5,406.44 and the accreted principal amount for each USD bond in the denomination of USD 1,000 will be USD 675.38.

The last day on which holders of the bonds may exercise their conversion rights is July 4, 2007, noon CET for the CHF bond and July 4, 2007 close of business, for the USD bond. Conversion of all bonds will result in a maximum of 1,736,479 new shares issued from the conditional capital of Holcim Ltd corresponding to a new total number of issued shares of 263,591,072.


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Holcim is one of the world's leading suppliers of cement and aggregates (crushed stone, gravel and sand) as well as further activities such as ready-mix concrete and asphalt including services. The Group holds majority and minority interests in more than 70 countries on all continents.
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This document does not consitute or form part of and should not be construed to form part of any offer for sale or subscription or invitation to purchase or subscribe for or any solicitation of and offer to purchase or subscribe for any securities.

The announcement contained herein and any related documents are not being and must not be distributed, forwarded, mailed, transmitted or sent to persons located in the United States or to beneficial owners of securities who are located in the United States and any such persons receiving this announcement or any related materials must not distribute, forward, mail, transmit or send it or any related documents to such persons.

In the United Kingdom, this document, insofar as it constitutes a financial promotion for the purposes of Section 21 of the Financial Services and Markets Act 2000, is directed exclusively at persons falling within Article 43 of the Financial Services and Markets Act (Financial Promotion Order 2005 (the "Order") or other persons to whom it may lawfully be communicated in accordance with the Order or any other person to whom it may otherwise lawfully be made.

This document is in other Member States of the European Economic Area addressed only to "Qualified Investors" within the meaning of Article 2(1)(e) of the Prospectus Directive.

 
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