Tender Offer to shareholders of Copenhagen Airports

Copenhagen Airports (Nasdaq Copenhagen listed; ticker: KBHL:DC), the operator of the largest airport in the Nordic Region, announced on December 8 that a vehicle owned by Ontario Teachers Pension Plan (OTPP) and Arbejdsmarkedets Tillægspension (ATP) has made a mandatory tender offer to the shareholders of Copenhagen Airports at a cash price of DKK 5,702 per share.

The mandatory tender offer is the result of a transaction agreed in September and completed on November 24. In that transaction, Macquarie European Infrastructure Fund III exited its investment in Copenhagen Airports, and Copenhagen Airports Denmark ApS, owned by OTPP and ATP, became the controlling shareholder with a stake of 57.66 per cent of the capital and votes in Copenhagen Airports.

The shares outstanding at the date of the mandatory offer (other than shares already held by the offeror) correspond to 42.34 per cent of the aggregate shares in Copenhagen Airports. The Danish state holds 39.2 per cent of all shares.

The mandatory tender offer is unconditional and fully financed by ATP. The total consideration offered under the mandatory tender offer for all outstanding shares is DKK 18,949,097,374.

The Board of Directors of Copenhagen Airports will, in the first half of the offer period, publish a statement pursuant to Section 23 i Executive Order of June 2, 2014 on take-overs with an opinion on the mandatory offer.

Horten is advising the Board of Directors of Copenhagen Airports in the transaction.

contacts

Henning Aasmul-Olsen

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