Coöperatieve Rabobank U.A. - Tender Offer Results Announcement

COÖPERATIEVE RABOBANK U.A. ANNOUNCES RESULTS OF ITS TENDER OFFER IN RELATION TO ITS OUTSTANDING USD 1,000,000,000 3.875 PER CENT. NON- PREFERRED SENIOR NOTES DUE 2023 (ISINS: US74977RDE18 (144A) and US74977SDE90 (REG S)) AND USD 250,000,000 FLOATING RATE NON-PREFERRED SENIOR NOTES DUE 2023 (ISINS: US74977RDD35 (144A) and US74977SDD18 (REG S)) FOR CASH

LONDON, Aug. 22, 2022 /PRNewswire/ --

NOT FOR DISTRIBUTION IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

On 15 August 2022, Coöperatieve Rabobank U.A. (the "Offeror") launched its invitation to holders of its USD 1,000,000,000 3.875 per cent. Non-Preferred Senior Notes due 2023 (ISINs: US74977RDE18 (144A) and US74977SDE90 (Reg S)) and USD 250,000,000 Floating Rate Non-Preferred Senior Notes due 2023 (ISINs: US74977RDD35 (144A) and US74977SDD18 (Reg S)) (collectively, the "Notes") to tender such Notes for purchase by the Offeror for cash (such invitation, the "Offer" and the announcement in relation to such invitation, the "Launch Announcement"). A further announcement in relation to the pricing of the Offer for the USD 1,000,000,000 3.875 per cent. Non-Preferred Senior Notes due 2023 was made on 19 August 2022 (the "Pricing Announcement" and together with the Launch Announcement, the "Previous Announcements"). The Offer was made on the terms and subject to the conditions contained in the tender offer memorandum dated 15 August 2022 (the "Tender Offer Memorandum") and is subject to the offer restrictions described in the Tender Offer Memorandum. Capitalised terms used and not otherwise defined in this announcement have the meanings given to them in the Tender Offer Memorandum.

The Offeror today announces that it will accept all validly tendered Notes pursuant to the Offer for purchase for cash in an aggregate principal amount of USD 616,030,000. In addition, USD 2,200,000 in aggregate principal amount of the USD 1,000,000,000 3.875 per cent. Non-Preferred Senior Notes due 2023 were tendered using guaranteed delivery procedures.

The final results of the Offer are as follows:

^* Assuming that all Notes tendered pursuant to the guaranteed delivery procedures are validly delivered by the deadline for delivery of Notes tendered by guaranteed delivery procedures.

The Offer remains subject to the conditions and restrictions set out in the Tender Offer Memorandum and the expected Tender Offer Settlement Date is 25 August 2022 for Notes validly tendered and accepted for purchase which are the subject of a Notice of Guaranteed Delivery and 23 August 2022 in respect of any other Notes validly tendered and accepted for purchase.

All Notes purchased pursuant to the Offer will be cancelled.

Full details concerning the Offer are set out in the Tender Offer Memorandum.

Rabo Securities USA, Inc. (Telephone: +1 (866) 746 3850 (U.S. Toll Free); Email: [email protected]; Attention: Debt Capital Markets) and BofA Securities Europe SA (Telephone: (+33 1 877 01057 (Europe), +1 (888) 292-0070 (U.S. Toll Free) or +1 (980) 387-3907 (U.S.); Email: [email protected]; Attention: Liability Management Group) are acting as Dealer Managers and Kroll Issuer Services Limited (Telephone: +44 20 7704 0880; Email: [email protected]; Website: https://deals.is.kroll.com/rabobank; Attention: Owen Morris / Illia Vyshenskyi) is acting as Tender Agent.

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum and the Previous Announcements. No offer or invitation to acquire or sell any Notes is being made pursuant to this announcement. The Dealer Managers do not take responsibility for the contents of this announcement. The distribution of this announcement, the Previous Announcements and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement, the Previous Announcements and/or the Tender Offer Memorandum come into are required by each of the Offeror, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.

SOURCE Coöperatieve Rabobank U.A.