FRAIKIN GROUP DIVERSIFIES ITS SECURITISATION AND REDUCES ITS DEBT COSTS

Colombes, September 21, 2016 – In the context of its pan-European securitisation, FRAIKIN is supplementing the revolving loan closed in March 2016 with the issuance of 335 million euros term notes over five years. These notes, rated by Standard & Poor’s, were subscribed by several European insurance companies and banks.

Through the refinancing of its securitisation, FRAIKIN extended its fleet debt duration for five additional years, increased its maximum commitment to 1.2 billion euros, leaving 200 million not yet drawn and therefore available to secure its future investments and European growth. Last but not least, the new securitisation is attractively priced and so contributes to the reduction of Fraikin’s average debt cost. This operation is part of the on-going positive results of the Group, in line with the 2016 budget, highlighted by a steady growth of the turnover over the first half-year period.

Jean-Philippe Grégoire, Group Chief Financial Officer explains: "These term notes are a necessary part of the diversification strategy started in 2015. It enables the Group to become better known amongst bankers and investors, with whom we intend to form lasting relations of confidence."

About FRAIKIN:

With seventy years of experience and a turnover of €656M in 2015, the FRAIKIN Group, top European commercial and industrial vehicles hire company, owns the largest multi- brand, multi-functional fleet of vehicles (54,730 vehicles, 51,000 of which are owned directly and 5,000 of which are under fleet management) as well as the largest dedicated, integrated network, with 180 agencies across the entire European territory (France, Germany, Belgium, Luxembourg, the United Kingdom, Spain, Switzerland, Poland, the Czech Republic, Slovakia, Hungary, the Netherlands, Italy and Russia), as well as in Saudi Arabia. Far more than just a leasing company, with its 2,800 employees, Fraikin supports its clients in defining the solutions best suited to their needs, while drawing on know-how that is always closely aligned with these clients’ requirements in terms of responsiveness and flexibility.

For more information: www.fraikin.com