Further to its announcements on 14 January 2020 and earlier January 21, 2020 Aroundtown SA announced the final results of its offers to the holders of holders of its €600,000,000 1.5% Notes due 2022 with a principal amount outstanding of €259,500,000 (the "2022 Notes") to tender the 2022 Notes for purchase by the Company for cash (the "2022 Offer") and €550,000,000 2.125% Notes due 2023 with a principal amount outstanding of €211,400,000 (the "2023 Notes" and, together with the 2022 Notes, the "Notes") to tender the 2023 Notes for purchase by the Company for cash (the "2023 Offer" and, together with the 2022 Offer, the "Offers"). The Offers were announced on 14 January 2020 and were made subject to the terms and conditions set out in the tender offer memorandum dated 14 January 2020 (the "Tender Offer Memorandum") prepared by the Company. Announcement of Final Results: 2022 Offer: The Company has decided to accept €49,000,000 in aggregate principal amount of the 2022 Notes validly tendered. The final results of the 2022 Offer are as follows: 2022 Final Acceptance Amount: €49,000,000. 2022 Interpolated Mid-Swap Rate: -0.290%. 2022 Clearing Spread: 33 bps. 2022 Purchase Yield: 0.040%. 2022 Purchase Price: 103.321%. 2022 Scaling Factor: Not applicable. 2023 Offer: The Company has decided to accept €60,400,000 in aggregate principal amount of the 2023 Notes validly tendered. The final results of the 2023 Offer are as follows: 2023 Final Acceptance Amount: €60,400,000. 2023 Interpolated Mid-Swap Rate: -0.253%. 2023 Clearing Spread: 38 bps. 2023 Purchase Yield: 0.127%. 2023 Purchase Price: 106.250%. 2023 Scaling Factor: Not applicable. Settlement and Payment: The Settlement Date for the Offers is expected to be 23 January 2020. The Company will also pay an Accrued Interest Payment in respect of the Notes accepted for purchase. The relevant Purchase Price and Accrued Interest Payments payable to Noteholders for such Notes in each Clearing System will be paid, in immediately available funds, on the Settlement Date subject to the right of the Company to delay the acceptance of Tender Instructions as set out in this Tender Offer Memorandum to such Clearing System for payment to the cash accounts of the relevant Noteholders in such Clearing System. The payment of such aggregate amounts to the Clearing Systems will discharge the obligation of the Company to all such Noteholders in respect of the payment of the relevant Purchase Price and relevant Accrued Interest Payments. Provided the Company makes, or has made on its behalf, full payment of the relevant Purchase Price and Accrued Interest Payments for all Notes accepted for purchase pursuant to the Offers to the Clearing Systems on or before the Settlement Date, under no circumstances will any additional interest be payable to a Noteholder because of any delay in the transmission of funds from the relevant Clearing System or any other intermediary with respect to such Notes of that Noteholder. The Company might purchase further Notes in the open market or otherwise. If purchases (and corresponding cancellations) and/or redemptions have been effected in respect of 80% or more in aggregate principal amount of the 2022 Notes or the 2023 Notes, the Company will consider exercising its option under the terms and conditions of such Notes to redeem all outstanding 2022 Notes or 2023 Notes, as applicable, at their principal amount together with accrued but unpaid interest, if any.