SUEZ ENVIRONNEMENT (EPA:SEV) Successful hybrid bond liability management of SUEZ environnement : Issue of €500 millions and buyback of the €450 million bonds issued in 2010 remaining outstanding

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01/04/2015 19:52

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Paris, 1 April 2015

  SUCCESSFUL HYBRID BOND LIABILITY MANAGEMENT OF SUEZ ENVIRONNEMENT: ISSUE OF
EUR500 MILLION AND BUYBACK OF THE EUR450 MILLION BONDS ISSUED IN 2010 REMAINING
                              OUTSTANDING

SUEZ environnement Company successfully issued a third undated deeply
subordinated hybrid bond, for an amount of EUR500 million, after an inaugural
issue in 2010 and another issue in June 2014.

The new bonds, accounted for as 100% equity under IFRS standards and as 50%
equity by the rating agency Moody's, have an initial fixed coupon of 2.50 per
cent, which will be revised for the first time seven years after issuance on the
basis of the 5-year swap rate, and then, every five years.

The new issue, which has been printed in excellent market conditions, is part of
a liability management exercise: the funds raised are partly used for a buy-back
and early redemption of hybrid bonds issued in September 2010 (which bear
interest at a rate of 4.82 per cent) for a nominal amount of EUR450
million(1).

With this transaction, the Group keeps optimizing the company's balance sheet
structure, while refinancing the existing bonds at attractive market
conditions.

Jean-Louis Chaussade, CEO of SUEZ environnement, declared: "With a demand of
more than EUR4bn, this new issue has been warmly welcomed by investors and this
further confirms our good credit quality.

This operation also demonstrates one more time the ability of the Group
financial teams to manage debt in a dynamic manner and to optimize the financing
costs, while keeping a solid balance sheet."

The tender offer was conducted jointly by Deutsche Bank and Goldman Sachs
International and the new issuance by Deutsche Bank, Goldman Sachs
International, BNP PARIBAS, Crédit Agricole CIB, HSBC, ING, Mizuho
International plc, MUFG, Santander Global Banking & Markets and The Royal Bank
of Scotland.

The Prospectus of the new issue has received on 26 March 2015 visa n° 15-111
from the Autorité des marchés financiers. It may be obtained, free of charge,
at the registered office of the Company (Tour CB21, 16 place de l'Iris, 92040
Paris La Défense Cedex France) during normal business hours and is available on
the website of the Group (www.suez-environnement.com) and of the Autorité des
marchés financiers (www.amf-france.org).

SUEZ environnement
We are at the dawn of the resource revolution. In a world facing high
demographic growth, runaway urbanisation and the shortage of natural resources,
securing, optimising and renewing resources is essential to our future. SUEZ
environnement (Paris: SEV, Brussels: SEVB) supplies drinking water to 92 million
people, delivers wastewater treatment services to 65 million, collects waste
produced by almost 50 million, recovers 14 million tons of waste each year and
produces 5,138 GWh of local and renewable energy. With 80,990 employees, SUEZ
environnement, which is present on all five continents, is a key player in
circular economy for in the sustainable management of resources. SUEZ
environnement generated total revenues of EUR14.3 billion in 2014.

CONTACTS
Ophélie Godard                  Analysts:
ophelie.godard@suez-env.com     +33 1 58 81 24 95
+33 1 58 81 54 73

(1) EUR306 million have been bought back in the tender offer, SUEZ environnement
Company having the intention to exercise its call option for the remainder of
the issue

SUEZ environnement
Tour CB21 - 16 place de l'iris, 92040 Paris La Défense, France - Tel: +33 (0)1
58 81 20 00 - www.suez-environnement.com
Head office - Tour CB21 - 16 place de l'iris, 92040 Paris La Défense, France -
Capital EUR 3,323,457,083 - Siren 410 118 608 RCS NANTERRE -
TVA FR 76410 118 608

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SUEZ ENVIRONNEMENT (EPA:SEV) Successful hybrid bond liability management of SUEZ environnement : Issue of €500 millions and buyback of the €450 million bonds issued in 2010 remaining outstanding

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