Terms defined in this notice shall be constructed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated March 23rd, 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“).

Pursuant to the Condition 9.1(b) of the Conditions, the Issuer hereby notifies the Bondholders of a payment which will be applied in partial redemption of the Bonds on the Payment Date of June 30th, 2016. The estimated Euro Equivalent Available Cash for this payment is € 43,549,581.

An estimated breakdown of the currencies included and the assets from which the Euro Equivalent Available Cash will derive, in accordance with 9.1(b)(ii) of the Conditions can be found here. 

LBI will provide a further notification within few days which will confirm the final amount of Euro Equivalent Available Cash which will be used as partial redemption of the Bonds on the Payment Date of June 30th, 2016.