Autogrill: draw-down of the €1.25 billion loan and satisfaction of the conditions precedent to the completion of the partial and proportional demerger of Autogrill S.p.A. in favour of World Duty Free S.p.A.

Milan , 05 June 2013 - Autogrill S.p.A. (Milan: AGL IM) announces that today the €1.25 billion credit facility, whose terms and conditions are set forth in the medium/long-term loan agreement entered into on May 30, 2013, has been drawn-down by World Duty Free Group SAU, the Spanish company leading the Group’s Travel Retail & Duty Free business. As anticipated, the new credit facility has been used to repay loans made to WDFG SAU and its subsidiaries and will be used to meet requirements of operating and non-operating business activities.

As a result of the draw-down of such loan and the waivers, released by the lenders of the Group, to exercise remedies available under certain loan agreements entered into by Autogrill S.p.A. and other companies belonging to its Group (such as the Multicurrency Revolving Facility 700 and the Term Loan Agreement, referred to under paragraph 4.2 of the document named “Information to the shareholders about the proposal of partial proportional demerger of Autogrill S.p.A. in favour of  World Duty Free S.p.A.”), both the conditions precedent to the execution of the demerger deed have been satisfied and thus there are no further obstacles to the execution of the demerger deed and, as a result, to its effectiveness.

The extraordinary shareholders’ meeting called to resolve upon the approval of the demerger plan will take place tomorrow, June 6, 2013.