Final price and results of the IPO

Brussels bpost NV van publiek recht/SA de droit public ("bpost" or the "Company"), the leading postal operator in Belgium, announces today the results of its initial public offering that was launched on June 6, 2013 (the "IPO").

• The final offer price for the IPO is set at EUR 14.5.
• The offering by the Selling Shareholder, Post Invest Europe S.à.r.l. to institutional investors, and to retail investors in Belgium ended on June 19, 2013.
• The total number of shares that were sold by the Selling Shareholder amounts to 56,000,000, including 9,000,000 shares resulting from the exercise of the Increase Option and 6,400,000 shares sold in the Japanese public offering referred to below.
• Approximately 20.7% of the total number of shares have been sold to retail investors in Belgium (18.0% assuming the full exercise of the over-allotment option referred to below).
• The Selling Shareholder has granted the underwriting banks an option to purchase up to 15% of the number of shares sold in the IPO (the "over-allotment shares") at the offer price to cover over-allotments or short positions, if any, in connection with the IPO. Therefore, the underwriting banks have the option to purchase up to 8,400,000 additional shares at the offer price. The over-allotment option is exercisable for a period of 30 calendar days as from the first day of trading of the shares. Any exercise of the over-allotment option will be announced within 5 banking days after such exercise.
• The gross proceeds for the Selling Shareholder resulting from the sale of 56,000,000 shares amount to EUR 812,000,000. The implied market capitalization of bpost is approximately EUR 2,9 billion.
• The subscription period of the Japanese public offering (which comprises a total of 6,400,000 shares) starts on 20 June and will close on 21 June.
• Trading of bpost's shares on Euronext Brussels under the symbol "BPOST" will commence, on an "if-and-when-delivered" basis on June 21, 2013. Delivery of the shares will occur on June 25, 2013.
• Separately from the offering, a total of approximately 924,000 shares have been sold to bpost employees under the employee share purchase plan.
• The Belgian State (directly and through the SFPI/FPIM) has not sold shares as part of the IPO and maintains a stake of 50.01% in bpost. Assuming the full placement of the shares offered in the Japanese public offering and the full exercise of the over-allotment option, the Selling Shareholder will maintain a stake of 17.34% following the IPO (and will maintain a stake of 21.54% assuming no exercise of the over-allotment option).
• Each of the Company, the Selling Shareholder, the Belgian State and SFPI/FPIM have agreed to lock-up arrangements of 180 days after the first day of trading of the shares.
• J.P. Morgan, Nomura and BNP Paribas Fortis were the joint global coordinators for the IPO. J.P. Morgan, Nomura, Morgan Stanley and UBS were the joint international bookrunners. BNP Paribas Fortis, KBC and ING were the joint Belgian bookrunners. Royal Bank of Canada and Belfius were the joint lead managers. Petercam and Bank Degroof were the co-lead managers.

Comment

Johnny Thijs, CEO of bpost, said: "I am very satisfied with the results of the share placement. A lot of investors, both private and institutional, have taken up the offer, clearly supporting our plans for the future. This is a milestone in the history of bpost. We will now continue to implement our strategic plan and devote ourselves to offering excellent service to our customers. That is how we will maintain our profitable growth in the future."

Reporters are welcome to attend a ceremony to mark the start of trading of the bpost shares on Euronext Brussels on June 21. Speeches will start at 8.45 a.m., with trading to start at 9 a.m. Reporters are welcome as from 8.15 a.m.