HOCHTIEF AG 
By CORPORATE HEADQUARTERS
05/22/2014
Dear Editors,
please find attached a press release which is only for publication in the following jurisdictions: Federal Republic of Germany, the Grand Duchy of Luxembourg, Austria or The Netherlands.
Kind regards,
HOCHTIEF Corporate Communications
.
HOCHTIEF successfully places
EUR 500 million non-rated bond
Offer was oversubscribed more than 4 times
Strong demand underlines investor confidence in HOCHTIEF's balance sheet strength and management strategy
Five-year maturity: bond placed at a 2.75 percent yield to maturity
CORPORATE HEADQUARTERS
CORPORATE COMMUNICATIONS Contact: Christian GerhardusOpernplatz 2
45128 Essen, Germany
Tel.: +49 201 824-2642
Fax: +49 201 824-2585 presse@hochtief.de
Page 1 of 2
05/22/2014
Following the bonds issued in 2012 and 2013, HOCHTIEF successfully placed its third bond today. The EUR 500 million non-rated bond matures in 2019 and has a coupon of 2.625 percent. The offer was greeted with strong demand from investors and was placed at a spread of 195.5 basis points. The order book was oversubscribed more than 4 times with demand for almost EUR 2.3 billion. "This successful launch further underlines our positive standing in domestic and international capital markets as well as the confidence of bond investors in the HOCHTIEF Group and in our strategy," said HOCHTIEF's Chief Executive Officer Marcelino Fernández Verdes.
The new HOCHTIEF bond has a denomination of EUR 1,000. Investors in more than 25 countries subscribed for the bond, which further extends the maturity profile of the Group's debt portfolio in the interest of a long-term, balanced financing strategy. HOCHTIEF will use the proceeds to repay existing debt and for general corporate purposes. Commerzbank Aktiengesellschaft, ING Bank N.V., The Royal Bank of Scotland plc and UniCredit Bank AG act as Joint Lead
Managers/Bookrunners. Bayerische Landesbank acts as Co-Lead Manager.
HOCHTIEF Aktiengesellschaft Sitz der Gesellschaft: Essen, Registergericht: Essen HRB 279, USt-IdNR. DE 1198 171 25, StNr. 5112/5710/0012, Vorsitzender des Aufsichtsrates: Thomas Eichelmann; Vorstand: Marcelino Fernández Verdes (Vorsitzender),
Nikolaus Graf von Matuschka, José Ignacio Legorburo, Peter Sassenfeld
CORPORATE HEADQUARTERS
Disclaimer: Neither this press release nor the information contained herein may be taken, transmitted or distributed directly or indirectly into the United States of America. This press release is not an offer to sell securities in the United States of America, in Australia, Canada, Japan or other jurisdictions in which offers are subject to legal restrictions. Securities may not be offered for sale or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of securities to be made in the United States must be made by means of a prospectus that may be obtained from the issuer and contains detailed information about the company and management, as well as financial statements.The securities mentioned in this press release must not be offered for sale or sold inAustralia, Canada or Japan, or to or on account of Australian, Canadian or Japanese citizens. No registration of the offer or of the sale of the securities mentioned in this press release is made pursuant to the legal regulations applicable in Australia, Canada and Japan.
This press release is for informational purposes only and is no offer to sell securities in any jurisdiction. The securities mentioned in this press release have already been placed.
CORPORATE COMMUNICATIONSPage 2 of 2
05/22/2014
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