CODERE SA Avda. de Bruselas, 26 28108 Alcobendas Madrid
Telf.: 91 354 28 00
Fax: 91 662 70 70
Madrid, December 9th, 2015
In accordance with article 228 of the consolidated text of the Spanish Stock Market Act approved by the Legislative Royal Decree 4/2015 of 23 October, CODERE, S.A. hereby informs of the following:
We refer to the Lock-Up Agreement dated 23 September 2014 entered into between amongst others, Codere, S.A., the Consenting Noteholders and the Backstop Parties (as these terms are defined in the Lock-Up Agreement), as extended and amended on 22 June 2015 and 18 August 2015, respectively.
It is hereby confirmed that, in accordance with the terms of the Lock-Up Agreement, Codere, S.A., Consenting Noteholders holding in aggregate more than 75% of the Existing Notes by nominal value (in particular, 94.78%) and all of the Backstop Parties have consented to the Completion Long Stop Date being extended to 31 March 2016.
Codere, S.A. and the other parties to the Lock-Up Agreement are progressing with the implementation of the restructuring with a view to achieving a completion as soon as possible.
Luis Argüello Álvarez
Secretary of the Board of Directors
131563-4-18342-v0.5 - 1 - 66-40546377
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