Notice to holders of deeply subordinated perpetual bonds, convertible into new shares or exchangeable for existing shares of Air France-KLM (ISIN FR001400DU47) (the “HC Bonds”)
Air France-KLM (OTC:AFLYY) has exercised its option to redeem all outstanding deeply subordinated perpetual HC Bonds (ISIN FR001400DU47) from the First Hard Call Date.
The Redemption price is par (€100,000) plus accrued interest of €1,625 per bond, payable on 24 November 2025. Holders may instead convert or exchange HC Bonds into shares until (but excluding) the 10th business day preceding the First Hard Call Date, i.e., until (but excluding) 10 November 2025. The Conversion/Exchange Ratio in effect is 6,549.6463 ordinary shares (ISIN FR001400J770) per HC Bond.
Contacts: Michiel Klinkers, Marouane Mami; website www.airfranceklm.com.
Air France-KLM (OTC:AFLYY) ha esercitato l'opzione di rimborsare tutte le obbligazioni HC perpetual deeply subordinated (ISIN FR001400DU47) in circolazione dalla First Hard Call Date.
Il Prezzo di riscatto è pari al valore nominale (€100.000) più gli interessi maturati di €1.625 per obbligazione, pagabili il 24 novembre 2025. I detentori possono invece convertire o scambiare le HC Bond in azioni fino (ma escluso) al 10º giorno lavorativo precedente alla First Hard Call Date, cioè fino a (ma escluso) 10 novembre 2025. Il Rapporto di Conversione/Scambio in vigore è 6.549,6463 azioni ordinarie (ISIN FR001400J770) per HC Bond.
Contatti: Michiel Klinkers, Marouane Mami; sito web www.airfranceklm.com.
Air France-KLM (OTC:AFLYY) ha ejercido su opción de redimir todas las HC Bonds profundas subordinadas perpetuas (ISIN FR001400DU47) en circulación desde la First Hard Call Date.
El precio de redención es par (€100.000) más intereses acumulados de €1.625 por bono, pagaderos el 24 de noviembre de 2025. Los tenedores pueden, en su lugar, convertir o intercambiar las HC Bonds en acciones hasta (pero excluido) el 10º día hábil previo a la First Hard Call Date, es decir, hasta (pero excluido) 10 de noviembre de 2025. El ratio de conversión/intercambio vigente es 6,549.6463 acciones ordinarias (ISIN FR001400J770) por bono HC.
Contactos: Michiel Klinkers, Marouane Mami; sitio web www.airfranceklm.com.
에어 프랑스-KLM(OTC:AFLYY)가 First Hard Call Date로부터 모든 미상환 심층 종속 영구 HC 채권(FR001400DU47 ISIN)을 상환하기로 옵션을 행사했습니다.
상환가액은 액면가(€100,000)와 채권당 발생 이자 €1,625를 더한 금액으로 2025년 11월 24일에 지급됩니다. 보유자는 대여 시점까지(하지만 First Hard Call Date를 제외하고) HC 채권을 주식으로 전환하거나 교환할 수 있으며, 즉 2025년 11월 10일까지 입니다. 현재의 전환/교환 비율은 6,549.6463 주의 보통주 (ISIN FR001400J770) 당 HC 채권당입니다.
연락처: Michiel Klinkers, Marouane Mami; 웹사이트 www.airfranceklm.com.
Air France-KLM (OTC:AFLYY) a exercé son option de racheter toutes les Obligations HC profondément subordonnées perpétuelles (ISIN FR001400DU47) en circulation à partir de la First Hard Call Date.
Le prix de rachat est le prix nominal (€100.000) plus les intérêts courus de €1.625 par obligation, payable le 24 novembre 2025. Les détenteurs peuvent à la place convertir ou échanger les HC Bonds en actions jusqu’au (mais exclu) le 10e jour ouvrable précédent la First Hard Call Date, soit jusqu’au (mais exclu) 10 novembre 2025. Le ratio de conversion/échange en vigueur est 6 549,6463 actions ordinaires (ISIN FR001400J770) par obligation HC.
Contacts: Michiel Klinkers, Marouane Mami; site web www.airfranceklm.com.
Air France-KLM (OTC:AFLYY) hat seine Option zur Rückzahlung aller ausstehenden HC-Bonds mit tiefer Subordination unbefristet (perpetual) ab dem First Hard Call Date ausgeübt.
Der Rückzahlungspreis beträgt den Nennwert (€100.000) zuzüglich aufgelaufener Zinsen von €1.625 pro Anleihe und wird am 24. November 2025 gezahlt. Inhaber können stattdessen HC-Bonds bis einschließlich dem 10. Werktag vor dem First Hard Call Date in Aktien umwandeln oder austauschen, d. h. bis einschließlich 10. November 2025. Das geltende Umtausch-/Ausstauschverhältnis beträgt 6.549,6463 Stammaktien (ISIN FR001400J770) pro HC-Bond.
Kontakte: Michiel Klinkers, Marouane Mami; Website www.airfranceklm.com.
Air France-KLM (OTC:AFLYY) قد عملت خيارها لاسترداد جميع سندات HC ذات الترتيب الفرعي العميق المستمرة (ISIN FR001400DU47) من تاريخ الاستدعاء الأول.
سعر الاسترداد هو القيمة الاسمية (€100,000) زائد الفوائد المتراكمة البالغة €1,625 لكل سند، وتدفع في 24 نوفمبر 2025. يمكن للمؤسِّسين بدلاً من ذلك تحويل أو مبادلة HC Bonds إلى أسهم حتى (ولكن قبل) اليوم العاشر من أيام العمل السابقة لتاريخ الاستدعاء الأول الصعب، أي حتى (ولكن قبل) 10 نوفمبر 2025. نسبة التحويل/المبادلة سارية هي 6,549.6463 سهم عادي (ISIN FR001400J770) لكل HC Bond.
جهات الاتصال: ميشيل كلينكرز، مروان مامي؛ الموقع www.airfranceklm.com.
Air France-KLM (OTC:AFLYY) 已行使其赎回所有未偿付的深度次级永久性 HC 债券（ISIN FR001400DU47）的赎回权，自第一次硬性赎回日开始。
赎回价格 为票面价 (€100,000) 加上应计利息 €1,625 每只债券，於2025年11月24日应付。持有人也可以在（但不包括）第一次硬赎回日前的第10个工作日之前将 HC 债券转换或交换为股份，即在（但不包括）2025年11月10日之前。有效的转换/交换比率为 6,549.6463 股普通股（ISIN FR001400J770）每只 HC 债券。
联系人：Michiel Klinkers、Marouane Mami；网站 www.airfranceklm.com。
- Redemption price at par (€100,000) plus €1,625 accrued interest
- Payment of redemption scheduled on 24 November 2025
- Conversion ratio set at 6,549.6463 ordinary shares per HC Bond
- Holders retain conversion/exchange right until 10 November 2025
- None.
THIS PRESS RELEASE MAY NOT BE PUBLISHED, DISTRIBUTED OR TRANSMITTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN AND SOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE THE OFFER OR SALE OF SECURITIES WOULD CONSTITUTE A VIOLATION OF ANY APPLICABLE LAW.
THIS PRESS RELEASE IS FOR INFORMATION PURPOSE ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR INVITATION TO PURCHASE ANY SECURITIES.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES IN THE UNITED STATES OF AMERICA. THE BONDS (AND THE UNDERLYING SHARES) MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OF AMERICA WITHOUT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE AMENDED U.S. SECURITIES ACT (1933). AIR FRANCE - KLM DOES NOT INTEND TO REGISTER THE OFFERING EITHER IN WHOLE OR PARTIALLY IN THE UNITED STATES OF AMERICA OR TO MAKE ANY PUBLIC OFFERING IN THE UNITED STATES OF AMERICA.
Notice to holders of deeply subordinated perpetual bonds, convertible into new shares or exchangeable for existing shares of Air France-KLM (ISIN FR001400DU47)
(the “HC Bonds”)
Early redemption of the HC Bonds
Paris, October 15, 2025
Holders of the HC Bonds of Air France-KLM (the “Company”) are hereby informed that, in accordance with the provisions of the second paragraph of Article 1.9(a)(iii) “Early redemption at the option of the Company” of the terms and conditions of the HC Bonds (the “Terms and Conditions”), the Company has decided to exercise its option to redeem all of the outstanding HC Bonds from the First Hard Call Date at a price per HC Bond equal to par (
It is hereby reminded that (i) holders of the HC Bonds retain the right to exercise their entitlement to receive new and/or existing Air France-KLM shares, in accordance with Article 2.2 “Exercise period” of the Terms and Conditions, until (but excluding) the 10th business day preceding the First Hard Call Date, i.e. until (but excluding) November 10, 2025, and (ii) the Conversion/Exchange Ratio of the HC Bonds in effect as of the date of this notice is 6,549.6463 ordinary shares of Air France-KLM (ISIN FR001400J770) per each HC Bond.
Investor Relations
Michiel Klinkers Marouane Mami
michiel.klinkers@airfranceklm.com mamami@airfranceklm.com
Website: www.airfranceklm.com
Attachment
FAQ
What redemption did Air France-KLM announce for HC Bonds (ISIN FR001400DU47) on October 15, 2025?
What is the conversion/exchange ratio for Air France-KLM HC Bonds (AFLYY) as of October 15, 2025?
By when can holders of Air France-KLM HC Bonds convert or exchange before the First Hard Call Date?
When will Air France-KLM pay the redemption price for HC Bonds (AFLYY)?
Who can investors contact about the HC Bond early redemption announcement from Air France-KLM?
