Mastellone Hermanos S.A. Extends Certain Dates In Connection With Its Offer To Purchase And Exchange Offer

BUENOS AIRES, Argentina, June 17, 2014 /PRNewswire/ -- Reference is made to the June 4, 2014 announcement by Mastellone Hermanos S.A., (the "Company") of the commencement of an offer to purchase and exchange (the "Offer"), pursuant to the terms and conditions contained in the Company's Offer to Purchase and Exchange dated June 4, 2014 (the "Offer to Purchase and Exchange").  Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Offer to Purchase and Exchange. 

The Company announced on June 17, 2014 that it has extended each of the following dates in connection with the Offer as follows:

All other terms and conditions of the Offer remain unchanged.  For the avoidance of doubt, the Exchange Consideration, the Early Exchange Consideration, the Tender Consideration and the Early Tender Consideration will be determined by reference to the remaining outstanding principal amount of the Existing Debt exchanged or purchased pursuant to the Offer on the Early Settlement Date or Final Settlement Date, as applicable.  The remaining outstanding principal amount consists of the original principal amount less principal payments made prior to the applicable settlement date. The principal amount of New Notes delivered in exchange for Existing Debt on the Final Settlement Date will be reduced in an amount equal to the amount by which interest accrued on the New Notes (actually delivered to the tendering holder) to the Final Settlement Date exceeds interest accrued and unpaid under the Existing Debt as of the Final Settlement Date.

We have engaged Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. to act as dealer managers in the United States of America, Bondholder Communications Group, LLC to act as Information and Exchange Agent and Banco Santander Rio S.A. as Administrative Agent.

The offer to exchange is being made only to holders who have properly certified to the Information, Tender  and Exchange Agent that they are (i) a "qualified institutional buyer," or "QIB," as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and under applicable state securities laws; or (ii) a "non-US Person" (as defined in Regulation S under the Securities Act), and if in any member state of the European Economic Area which has implemented Directive 2003/71/EC (the "Prospectus Directive," which term includes amendments thereto, including Directive 2010/73/EU), a "qualified investor" (as defined in the Prospectus Directive).

Informational documents relating to the Offer, including but not limited to the Offer to Purchase and Exchange, will only be distributed to eligible investors who submit the certification described above.  If you would like to submit the certification, please log-into the website www.bondcom.com/mastellone. Eligible investors will then receive via e-mail a personalized password granting them access to the Offer to Purchase and Exchange.  Alternatively, please contact the information agent Bondholder Communications Group, LLC, Attention: Martha Herrera, E-mail: [email protected], Telephone in USA: +1 212 809 2663, Telephone in the United Kingdom: +44 20 7382 4580. Requests for documentation should be directed to the information agent. Questions regarding the transaction should be directed to Merrill Lynch, Pierce, Fenner & Smith Incorporated at +1 (646) 855-3401 (call collect) or +1 (888) 292-0070 (U.S. toll free), or to Deutsche Bank Securities Inc. at +1 (212) 250-2955 (collect)  or +1(866) 627-0391 (U.S. toll free).

Beneficial owners of Existing Debt should carefully read the Offer to Purchase and Exchange regarding the relevant procedures and timing to tender their Existing Debt.

THIS PRESS RELEASE IS NOT AN OFFER FOR SALE OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER IS PROHIBITED, AND SUCH SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED.  THE COMPANY DOES NOT INTEND TO REGISTER ANY SUCH SECURITIES IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF SUCH SECURITIES IN ANY JURISDICTION EXCEPT ARGENTINA.

The Offer is being made solely pursuant to the Offer to Purchase and Exchange, and only to such persons and in such jurisdictions as are permitted under applicable law.

SOURCE Mastellone Hermanos S.A.

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