European Directories announces utilisation of Permitted Basket

Following the MAR announcement today of the acquisition of certain bonds issued by European Directories BondCo S.C.A, European Directories Group announces that it has utilised the Permitted Basket under the bond terms to raise bank funding of MEUR12.5 for general corporate purposes.

As previously announced, the conclusion of the Finderia tax case resulted in unexpected tax and interest payments during 2017 of approx. MEUR10.  By utilising the Permitted Basket in this way, European Directories Group is safeguarding the Group's cash position and seeking to ensure that its original plans for 2017 are unaffected by the tax payments.

The borrowing facility has been arranged by group holding company European Directories (DH7) B.V. and is repayable within 12 months.

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For further information, please contact:

Group CFO

Neil Robson
Tel
+31 20 408 6400

E-mail: ir@europeandirectories.com

European Directories Group is an online partner for SMEs offering local search and lead generation with a scalable business model. The European Directories Group operates through three main brands: Fonecta in Finland, Herold in Austria and DTG in the Netherlands. More information about the European Directories Group can be found at www.europeandirectories.com .

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