DGAP-News: Gazit-Globe Announces the Exercise of Options to Purchase Debentures for Additional Consideration of NIS 224 Million

Gazit-Globe

01.03.2012 08:54
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TEL-AVIV, Israel, 2012-03-01 08:54 CET (GLOBE NEWSWIRE) —
Gazit-Globe (TASE:GLOB) (NYSE:GZT), one of the largest owners and operators of
supermarket-anchored shopping centers in the world, announces that further to
the previously announced private placement of Debentures (Series D) and Options
to purchase Debentures (Series K) from January 2012, for a total consideration
of NIS 225 million (approximately $60 million), a total of 1.84 million Options
for Debentures (Series K) were exercised for an additional consideration of NIS
224 million (approximately $60 million). The Options were exercisable into
Debentures (Series K) until February 29, 2012. The exercise price reflects a
yield of 5.6% (CPI-adjusted). The duration of the Debentures is approximately 8
years.

The total consideration received from the private placement completed in
January and the exercise of Options is approximately NIS 450 million
(approximately $120 million).

The Debentures have a domestic credit rating of Aa3 with a stable outlook from
Midroog (Moody–s domestic subsidiary) and a domestic credit rating of ilA+ with
a positive outlook from S&P Maalot.

About Gazit-Globe

Gazit-Globe is one of the largest owners and operators of supermarket-anchored
shopping centers in the world. In addition, the Company is active in North
America in the healthcare real estate sector. Gazit-Globe is listed on the Tel
Aviv Stock Exchange (TASE:GLOB) and is included in the TA-25 and the
Real-Estate 15 indices in Israel. The Company is also listed on the New York
Stock Exchange (NYSE:GZT). The Group operates properties with a total value of
approximately $18.5 billion in more than 20 countries and owns and operates
over 660 properties with a gross leasable area of 7.0 million square meters.

Forward Looking Statements

This release may contain forward-looking statements within the meaning of the
U.S. federal securities laws. These statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. Such
statements involve a number of known and unknown risks and uncertainties, many
of which are outside our control, that could cause our future results,
performance or achievements to differ significantly from the results,
performance or achievements expressed or implied by such forward-looking
statements. Important factors that could cause or contribute to such
differences include risks detailed in our public filings with the SEC. Except
as required by law, we undertake no obligation to update any forward-looking or
other statements herein, whether as a result of new information, future events
or otherwise.

CONTACT: Media Contact: press@gazitgroup.com
Investors Contact: IR@gazitgroup.com
Gazit-Globe Headquarters
1 HaShalom Rd., Tel-Aviv, Israel
Tel: +972 3 6948000
News Source: NASDAQ OMX

01.03.2012 Dissemination of a Corporate News, transmitted by DGAP –
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP–s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Gazit-Globe

Panama
Phone:
Fax:
E-mail:
Internet:
ISIN: PAL0605071A3
WKN:

End of Announcement DGAP News-Service

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