Funding

Shareholder loans

	Loan Tranche D
Borrower:	Enexis Holding N.V.
Size:	EUR 350 million
Maturity date:	30-9-2019
Interest rate:	7.20%

Loan tranche D comes with the option to convert the loan into equity at our request so that we can meet the statutory minimum financial ratios. Tranche D of our shareholder loans ranks pari passu with all other senior unsecured debt of Enexis Holding N.V.

Bonds

EUR 500 million 1.875% fixed-rate notes maturing in 2020

Issuer: Enexis Holding N.V.
Amount: EUR 500 million
Type: Senior unsecured
Maturity date: 13 November 2020
Issue date: 13 November 2012
Ratings:
◦S&P A+
◦Moody's Aa3
Listing: NYSE Euronext Amsterdam
ISIN code: XS 0854400800

EUR 300 million 3.375% fixed-rate notes maturing in 2022

Issuer: Enexis Holding N.V.
Amount: EUR 300 million
Type: Senior unsecured
Maturity date: 26 January 2022
Issue date: 26 January 2012
Ratings:
◦ S&P A+
◦ Moody's Aa3
Listing: NYSE Euronext Amsterdam
ISIN code: XS 0737138460

EUR 500 million 1.5% fixed-rate notes maturing in 2023

Issuer: Enexis Holding N.V.
Amount: EUR 500 million
Type: Senior unsecured
Maturity date: 20 October 2023
Issue date: 20 October 2015
Ratings:
◦ S&P A+
◦ Moody's Aa3
Listing: NYSE Euronext Amsterdam
ISIN code: XS 1307369717

EUR 500 million 0.875% fixed-rate notes maturing in 2026

Issuer: Enexis Holding N.V.
Amount: EUR 500 million
Type: Senior unsecured
Maturity date: 28 April 2026
Issue date: 26 April 2016
Ratings:
◦ S&P A+
◦ Moody's Aa3
Listing: NYSE Euronext Amsterdam
ISIN code: XS1396367911

Debt programmes

Euro Medium Term Note (EMTN) programme

Enexis issues notes under its EMTN programme, which became effective in 2011. Features of the EMTN programme:

Issuer: Enexis Holding N.V.
Maximum size: EUR 3 billion
Arranger: Rabobank
Dealers: see Base Prospectus
Fiscal and Paying Agent: Deutsche Bank AG, London branch

Euro Revolving Credit Facility (RCF)

Enexis has a committed credit facility (RCF) with the following features:

Issuer: Enexis Holding N.V.
Size: EUR 600 million
Lenders: 11 banks
Facility Agent: Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.
Maturity date: EUR 600 million untill June 2020 and EUR 545 Million untill June 2021
Use: For general business purposes

Euro commercial paper programme (ECP)

Enexis Holding N.V. has established an ECP programme in december 2016, with the following features:

Issuer: Enexis Holding N.V.
Maximum size: EUR 1 Billion
Arranger: Rabobank
Dealers: BNP Paribas, ING, NatWest Markets, Rabobank
Issuing and Paying Agent: Citigroup Inc.

Update valuation of shares Enexis Holding N.V. as per 2018/1/1

Bandwith enterprise value € 6,500 million - € 7,000 million
Bandwith shareholder value € 4,049 million - € 4,549 million
Point estimate valuation € 4,242 million, with a point estimate of € 28.34 per share

At the request of our shareholders in 2017 an independent external advisor, hired by Enexis Groep and its shareholder committee, presented an new independent valuation of the shares of Enexis Holding N.V. as per 2017/1/1. This concerns the valuation under market terms based on a stand-alone and going-concern situation. The valuation will be updated every year around 1 July by Enexis Groep and at the start of a every regulatory period, a new independent valuation opinion will be required from an external advisor.