Paris, Amsterdam, May 24, 2018
Press release
Approval of the acquisition of Westfield Corporation by Westfield securityholders
Westfield Corporation today announced its securityholders have approved the acquisition of Westfield by Unibail-Rodamco at the Scheme Meetings. Westfield securityholders supported the Transaction by over 97%.
Further information is available on Westfield's website ( www.westfieldcorp.com ).
Christophe Cuvillier, CEO of Unibail-Rodamco stated:
" The massive support demonstrated today by Westfield securityholders clears the way for the creation of the premier global developer and operator of flagship shopping destinations. This excellent news comes one week after the approval of the Transaction by close to 95% of the votes cast by Unibail-Rodamco shareholders.
The New Group brings together the two leaders in the retail property industry, forming the must have partner for international retailers and brands across Europe and select markets in the United States.
I would like to pay tribute to Sir Frank Lowy AC, whose talent and vision turned Westfield into an incredible success story which we will build on in the future.
I look forward to June 7, and bringing together the teams of Unibail-Rodamco and Westfield."
Timeline
Achieved milestones
| Announcement of the Transaction | December 12, 2017 |
| Unanimous positive opinions of the EEC and the UES works councils of Unibail-Rodamco | January 8, 2018 |
| FIRB Regulatory Approval | March 28, 2018 |
| Approval of the Prospectus by the AMF and the AFM Approval of the Document E by the AMF | March 28, 2018 |
| First Australian Scheme Court hearing Publication of the Westfield Securityholder Booklet and of an Independent Expert report | April 12, 2018 |
| Placement of €2.0 Bn of hybrid securities by Unibail-Rodamco | April 16, 2018 |
| Westfield Transaction approved by 99% of 2014 and 2015 ORNANE holders | April 23, 2018 |
| Placement of €3.0 Bn of senior bonds by Unibail-Rodamco | May 2, 2018 |
| Approval of the Supplement to the Prospectus by the AMF and the AFM | May 15, 2018 |
| Approval of the ASX listing | May 16, 2018 |
| Unibail-Rodamco AGM | May 17, 2018 |
| Westfield Scheme Meetings | May 24, 2018 |
Next steps
| Unibail-Rodamco final dividend ex-dividend date | May 28, 2018 |
| Second Australian Scheme Court hearing* | May 29, 2018 |
| Unibail-Rodamco final dividend payment date | May 30, 2018 |
| Effective Date* | May 30, 2018 |
| Implementation Date* | June 7, 2018 |
*Subject to Australian regulatory process
For further information, please contact:
Investor Relations Maarten Otte +33 1 76 77 58 02 maarten.otte@unibail-rodamco.com
Media Relations Nathalie Feld +33 1 76 77 57 94 nathalie.feld.contractor@unibail-rodamco.com
About Unibail-Rodamco
Created in 1968, Unibail-Rodamco SE is Europe's largest listed commercial property company, with a presence in 11 Continental European countries, and a portfolio of assets valued at €43.1 Bn as of December 31, 2017. As an integrated operator, investor and developer, the Group aims to cover the whole of the real estate value creation chain. With the support of its 2,000 professionals, Unibail-Rodamco applies those skills to highly specialised market segments such as large shopping centres in major European cities or large offices and Convention & Exhibition centres in the Paris region.
The Group distinguishes itself through its focus on the highest architectural, city planning and environmental standards. Its sustainable vision focuses on the development or redevelopment of outstanding places to meet up, connect, shop, work and enjoy. The Group's commitment to environmental, economic and social sustainability is recognised by its inclusion in the FTSE4Good and STOXX Global ESG Leaders indexes.
The Group is a member of the CAC 40, AEX 25 and EuroSTOXX 50 indices. It benefits from an A rating from Standard & Poor's and Fitch Ratings.
For more information, please visit our website: www.unibail-rodamco.com
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