LM Group Holding A/S announces that it will redeem its EUR 130,000,000 8% senior secured notes due 2019 and NOK 475,000,000 floating rate senior secured notes due 2020


Company announcement 3/2017
LM Group Holding A/S ("LM"), a subsidiary of LM Wind Power Holding A/S ("LM Group"), has issued a conditional notice of redemption on 31 March 2017 in order to exercise its option to redeem in full all its outstanding EUR 130,000,000 8% Senior Secured Notes due 2019 (the "EUR Notes") and NOK 475,000,000 Floating Rate Senior Secured Notes due 2020 (the "NOK Notes" and, together with the EUR Notes, the "Notes"). The redemption is conditional upon confirmation by LM (in its sole and absolute discretion) that the acquisition by GE Global Holdings Denmark ApS of all the share capital of LM Group has occurred or will occur.

Provided that the condition precedent is satisfied or waived, the Notes will be redeemed at a date to be announced in a further press release by LM at least five business days prior to the redemption date. The redemption will only occur if the condition precedent has been satisfied or waived.

Copies of the notices are appended.

For more information contact:

Lene Mi Ran Kristiansen, Senior Manager, Communications & Sustainability

+45 51388236


Christopher Springham, VP Global Communications & Sustainability

+31 6 14814919

About LM Wind Power 

LM Wind Power is a world leading designer and manufacturer of rotor blades for wind turbines, with a global manufacturing footprint that includes blade factories in Brazil, Canada, China, Denmark, India, Poland, Spain and the United States. The company has produced more than 195,000 blades since 1978, corresponding to approximately 84 GW installed capacity and global savings of approximately 166 million tons of CO2 annually.