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The Government of the Emirate of Sharjah Acting Through the Sharjah Finance Department

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The Government of the Emirate of Sharjah Acting Through the Sharjah Finance Department NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), OR TO U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED), OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT 26 March 2019 ANNOUNCEMENT – RESULTS OF TENDER AND SWITCH OFFERS The Government of the Emirate of Sharjah acting through the Sharjah Finance Department The Government of the Emirate of Sharjah (the "Government") announces today the aggregate nominal amount of the Existing Certificates (details of which are set out in the table below) accepted for purchase by the Government (the "Maximum Aggregate Nominal Purchase Amount") pursuant to its previously announced invitation to submit offers to sell the Existing Certificates for cash (the "Invitation"), subject to the terms and conditions contained in the launch announcement published by the Government on 21 March 2019 (the "Launch Notice"). The Invitation expired at approximately 11.30 a.m. (London time) today, 26 March 2019. Settlement of the Invitation is expected to occur on 28 March 2019 (the "Accepted Certificates Settlement Date"). On 26 March 2019, the Government conducted an offering of its U.S.$1,000,000,000 trust certificates due 2026 (the "New Certificates"). The New Certificates are planned to be issued by the Government on 3 April 2019 and the acceptance amounts below are contingent on the pricing of these New Certificates. The Maximum Aggregate Nominal Purchase Amount is U.S.$181,676,000. The Purchase Price of the Existing Certificates is U.S.$1,013.00 per U.S.$1,000 Principal Amount plus an Accrued Periodic Distribution Amount of U.S.$6.50 per U.S.$1,000 Principal Amount, representing accrued and unpaid periodic distribution amounts from, and including, the last applicable periodic distribution date up to, but excluding, the Accepted Certificates Settlement Date. The total amount of Offers in respect of Existing Certificates that have been accepted are shown in the table below. All Preferred Offers and Non-Preferred Offers have been accepted with no pro-ration on any valid submissions. Outstanding Aggregate Aggregate Nominal Amount Aggregate Nominal Amount Nominal Amount as of of Preferred Offers of Non-Preferred Offers Existing Certificates ISIN 21 March 2019 Accepted Accepted Sharjah Sukuk 2 trust certificates due 2021 XS1345635830 U.S.$500,000,000 U.S.$164,776,000 U.S.$16,900,000 _________ Settlement of the Accepted Certificates between the billing and delivery bank (Standard Chartered Bank) and holders of the Accepted Certificates is expected to occur on 28 March 2019. 235828-4-22562-v6.0 - 1- 75-40709515 The Dealer Managers for the Invitation are: HSBC Bank plc Standard Chartered Bank Attention: Liability Management Group Attention: Liability Management Group 8 Canada Square P.O. Box 999 London E14 5HQ Dubai United Kingdom United Arab Emirates Telephone: +44 20 7992 6237 Telephone: +971 4370 0079, +44 20 7885 5739 E-mail: [email protected] E-mail: [email protected] THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 ("MAR"). FOR THE PURPOSES OF MAR AND ARTICLE 2 OF COMMISSION IMPLEMENTING REGULATION (EU) 2016/1055, THIS ANNOUNCEMENT IS MADE BY SHEIKH MOHAMMED SAUD SULTAN AL QASIMI, CHAIRMAN OF THE SHARJAH FINANCE DEPARTMENT. The distribution of this announcement and the Launch Notice in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Launch Notice comes are required by the Government and the Dealer Managers to inform themselves about and to observe any such restrictions. This announcement does not constitute an offer to buy or the solicitation of an offer to sell Existing Certificates or New Certificates in any circumstances in which such Offer or solicitation is unlawful. 235828-4-22562-v6.0 - 2- 75-40709515 .
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