Lar España Real Estate SOCIMI S A : Exchange offer / Tender offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN, OR AT ANY ADDRESS IN, THE UNITED STATES OF AMERICA, 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 OF AMERICA OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED), OR TO ANY U.S. PERSON OR IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.

THIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER TO SELL ANY NOTES.

Lar España Real Estate SOCIMI, S.A.

January 16, 2023 - Lar España Real Estate SOCIMI, S.A. (the "Offeror") hereby announces the results of its offers to purchase a portion of the Notes (as defined below) (the "Offers"), which were first announced on January 9, 2023, on the terms and subject to the conditions set out in the tender offer memorandum dated January 9, 2023 (the "Tender Offer Memorandum"), prepared in connection with the Offers. Capitalized terms used in this announcement, but not defined herein, have the meanings given to them in the Tender Offer Memorandum.

Results of the Offers

The Offeror announces the expiration of the Offers to Eligible Holders to tender each series ("Series") of the "Notes": its outstanding (i) €400,000,000 1.75% Senior Unsecured Green Notes due 2026; and (ii) €300,000,000 1.843% Senior Unsecured Green Notes due 2028, for cash at prices to be determined pursuant to an Unmodified Dutch Auction Procedure up to a Tender Consideration of €100,000,000, excluding any Accrued Interest Payments, on the terms and subject to the conditions set out in the Tender Offer Memorandum. The Offers, commenced on January 9, 2023, expired in accordance with their terms at 4:00 p.m., London time, on January 13, 2023 (the "Expiration Deadline").

As of the date hereof, the Offeror had received valid Tender Instructions for purchase of €143,600,000 in aggregate principal amount of Notes, across both Non-Competitive Tender Instructions and Competitive Tender Instructions. The "Final Acceptance Amount," representing the final aggregate principal amount of Notes accepted for purchase by the Offeror pursuant to the Offers, is €110,000,000.

As of the date hereof, the results of the Offers are as follows:

Description of the Notes		ISIN/Common	Series Acceptance Amount	Aggregate Purchase
		Code	(principal amount of Notes)	Consideration
€400,000,000 1.75% Senior		XS2363989273 /	€98,000,000
Unsecured Green Notes due 2026	236398927	€90,548,500.00
€300,000,000 1.843% Senior		XS2403391886 /	€12,000,000
Unsecured Green Notes due 2028	240339188

No Scaling Factor will be applied.

Subject to the conditions set forth in the Tender Offer Memorandum, the Settlement Date for the Offers is expected to be January 19, 2023.

Investor Contact Information

For further details, please read the Tender Offer Memorandum. Questions about the terms of the Offers should be directed to the Sole Dealer Manager at its addresses and telephone numbers set forth below. If you require additional copies of the Tender Offer Memorandum, please contact the Tender Agent at the address and telephone number set forth below. Beneficial owners of Notes may also contact their brokers, dealers, commercial banks, trust companies or other nominee for assistance concerning the Offers.

SOLE DEALER MANAGER

J.P. Morgan SE

Taunustor 1 (TaunusTurm) 60310 Frankfurt am Main Germany

Attention: Liability Management

Telephone: [phone]

Email: [e-mail]

TENDER AGENT

Kroll Issuer Services Limited

The Shard

32, London Bridge St,

London SE1 9SG

United Kingdom

Telephone: [phone]

Attention: David Shilson

Email:[e-mail]

Tender Offer Website: https://deals.is.kroll.com/lar

Disclaimer

Important Notice

This announcement must be read in conjunction with the Tender Offer Memorandum distributed separately. Each Holder is recommended to seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.

Neither the Tender Offer Memorandum nor this announcement constitutes an offer to buy or the solicitation of an offer to sell Notes, in any circumstances in which the Offers are unlawful. Persons into whose possession this announcement and/or the Tender Offer Memorandum come are required to inform themselves about, and to observe, any such restrictions.

2