Third Supplement to the Debt Issuance Programme Prospectus dated 10 February 2015 Dated 19 August 2015

Transcription

1 Third Supplement to the Debt Issuance Programme Prospectus dated 10 February 2015 Dated 19 August 2015 This document constitutes a supplement (the "Supplement") for the purposes of Article 16 of Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003, as amended by Directive 2010/73/EU (the "Prospectus Directive"), and should be read in conjunction with the two base prospectuses for the purpose of article 5.4 of the Prospectus Directive: (i) the base prospectus of METRO AG in respect of non-equity securities within the meaning of Art. 22 No. 6 (4) of the Commission Regulation (EC) No. 809/2004 of 29 April 2004, as amended ("Non-Equity Securities") and (ii) the base prospectus of Metro Finance B.V. in respect of Non-Equity Securities (together, the "Debt Issuance Programme Prospectus" or the "Prospectus"), each as supplemented by a first supplement to the Prospectus dated 6 March 2015 ("First Supplement") and a second supplement to the Prospectus dated 29 June 2015 ("Second Supplement"). METRO AG (Düsseldorf, Federal Republic of Germany) as Issuer and, in respect of notes (the "Notes") issued by Metro Finance B.V., as Guarantor Metro Finance B.V. (Venlo, The Netherlands) as Issuer EUR 6,000,000,000 Debt Issuance Programme (the "Programme") The payments of all amounts due in respect of Notes issued by Metro Finance B.V. will be unconditionally and irrevocably guaranteed by METRO AG. Each Issuer has requested the Commission de Surveillance du Secteur Financier of the Grand Duchy of Luxembourg (the "CSSF") in its capacity as competent authority under the Luxembourg act relating to prospectuses for securities (Loi relative aux prospectus pour valeurs mobilières) which implements the Prospectus Directive into Luxembourg law (the "Luxembourg Law") to provide the competent authority in the Federal Republic of Germany with a certificate of approval attesting that the Prospectus has been drawn up in accordance with the Luxembourg Law (each a "Notification"). Each Issuer may request the CSSF to provide competent authorities in additional Member States within the European Economic Area with a Notification. By approving a prospectus, the CSSF shall give no undertaking as to the economic and financial soundness of the operation or the quality or solvency of the issuer in accordance with the provisions of Article 7(7) of the Luxembourg Law. RIGHT TO WITHDRAW Investors who have already agreed to purchase or subscribe for Notes of any tranche to be issued under the Programme prior to publication of this Supplement are entitled to withdraw their purchase orders pursuant to Art. 13(2) of the Luxembourg Law within two working days after the publication of this Supplement until 21 August 2015 provided that the relevant purchase has not yet been completed. A withdrawal, if any, is to be addressed

2 to the relevant bank or savings bank or any other distributor with whom the relevant agreement to purchase or subscribe has been entered into.

3 3 This Supplement has been approved by the CSSF, has been filed with said authority and will be published in electronic form on the website of the Luxembourg Stock Exchange ( METRO AG ("METRO" or the "Guarantor" and, together with its consolidated subsidiaries, "METRO GROUP") with its registered office in Düsseldorf, Federal Republic of Germany and Metro Finance B.V. ("Metro Finance") with its registered office in Venlo, The Netherlands (herein each also called an "Issuer" and, together, the "Issuers") accept responsibility for the information given in this Supplement. Each Issuer hereby declares that, having taken all reasonable care to ensure that such is the case, the information contained in this Supplement for which it is responsible is, to the best of its knowledge, in accordance with the facts and contains no omission likely to affect its import. Terms defined or otherwise attributed meanings in the Prospectus have the same meaning when used in this Supplement. All references in the Prospectus to "the Prospectus", "this Prospectus" or any other similar expression, in particular regarding confirmations and representations as to the information contained therein, shall be deemed to also refer to this Supplement. This Supplement shall only be distributed in connection with the Prospectus. To the extent that there is any inconsistency between any statement in this Supplement and any other statement in or incorporated by reference in the Prospectus, the statements in this Supplement will prevail. Save as disclosed in this Supplement, there has been no other significant new factor, material mistake or inaccuracy relating to information included in the Prospectus which is capable of affecting the assessment of Notes issued under the Programme since the publication of the Prospectus. This Supplement including the documents incorporated by reference therein will be published in electronic form on the website of the Luxembourg Stock Exchange (

4 4 The Issuers announce the following changes to the Prospectus: A. Changes to the Summary of the Prospectus 1. In the section "Summary Section B METRO AG as Issuer" on page 7 of the Prospectus, in item B.12, under the table included under the heading of "Selected historical key financial information", the following second table shall be added: METRO GROUP in figures (unaudited) million million Sales (net) 44,977 45,532 EBITDA 1,657 1,741 EBITDA before special items 1,763 1,854 EBIT EBIT before special items 1,076 1,127 Earnings before taxes Earnings before taxes and special items Profit or loss for the period Profit or loss for the period before special items Investments Total assets 27,489 28,832 Equity 4,694 5, In the section "Summary Section B METRO AG as Issuer" on page 7 of the Prospectus, in item B.12, the text under the heading of "Description of any significant change in the financial and trading position of the Issuer" shall be deleted and replaced as follows: "Not applicable. There has been no significant change in the financial or trading position of METRO AG or METRO GROUP since 30 June 2015." 3. In the section "Summary Section B METRO AG as Guarantor" on page 11 of the Prospectus, in item B.19.B.12, under the table included under the heading of "Selected historical key financial information", the following second table shall be added: METRO GROUP in figures (unaudited) million million Sales (net) 44,977 45,532 EBITDA 1,657 1,741 EBITDA before special items 1,763 1,854 EBIT EBIT before special items 1,076 1,127 Earnings before taxes Earnings before taxes and special items Profit or loss for the period Profit or loss for the period before special items Investments Total assets 27,489 28,832 Equity 4,694 5, In the section "Summary Section B METRO AG as Guarantor" on page 11 of the Prospectus, in item B.19.B.12, the text under the heading of "Description of any significant change in the financial and trading position of the Guarantor" shall be deleted and replaced as follows:

5 5 "Not applicable. There has been no significant change in the financial or trading position of METRO AG or METRO GROUP since 30 June 2015." 5. In the section "Summary Section B METRO AG als Anleiheschuldnerin" on page 22 of the Prospectus, in item B.12, under the table included under the heading of "Ausgewählte wesentliche historische Finanzinformationen", the following second table shall be added: METRO GROUP in Zahlen (ungeprüft) Mio. Mio. Umsatz (netto) EBITDA EBITDA vor Sonderfaktoren EBIT EBIT vor Sonderfaktoren Ergebnis vor Steuern Ergebnis vor Steuern und vor Sonderfaktoren Periodenergebnis Periodenergebnis vor Sonderfaktoren Investitionen Bilanzsumme Eigenkapital In the section "Summary Section B METRO AG als Anleiheschuldnerin" on page 22 of the Prospectus, in item B.12, the text under the heading of "Beschreibung wesentlicher Veränderungen bei der Finanzlage oder Handelsposition der Anleiheschuldnerin" shall be deleted and replaced as follows: "Nicht anwendbar. Es haben sich keine wesentlichen Veränderungen bei der Finanz- bzw. Handelsposition der METRO AG bzw. der METRO GROUP für den Zeitraum seit dem 30. Juni 2015 ergeben." 7. In the section "Summary Section B METRO AG als Garantin" on page 26 of the Prospectus, in item B.19.B.12, under the table included under the heading of "Ausgewählte wesentliche historische Finanzinformationen", the following second table shall be added: METRO GROUP in Zahlen (ungeprüft) Mio. Mio. Umsatz (netto) EBITDA EBITDA vor Sonderfaktoren EBIT EBIT vor Sonderfaktoren Ergebnis vor Steuern Ergebnis vor Steuern und vor Sonderfaktoren Periodenergebnis Periodenergebnis vor Sonderfaktoren Investitionen Bilanzsumme Eigenkapital In the section "Summary Section B METRO AG als Garantin" on page 27 of the Prospectus, in item B.19.B.12, the text under the heading of "Beschreibung wesentlicher Veränderungen bei der Finanzlage oder Handelsposition der Garantin" shall be deleted and replaced as follows:

6 6 "Nicht anwendbar. Es haben sich keine wesentlichen Veränderungen bei der Finanz- bzw. Handelsposition der METRO AG bzw. der METRO GROUP für den Zeitraum seit dem 30. Juni 2015 ergeben."

7 7 B. Changes to other parts of the Prospectus 1. In the section "Documents incorporated by reference" on page 44 of the Prospectus, above the heading of "METRO AG Annual Report 2013/14 / Consolidated Financial Statements of the METRO GROUP", the following table shall be inserted: METRO AG Quarterly Report Q3 2014/15 of the METRO GROUP (Unaudited) Page reference in the relevant financial report Included on page of Prospectus Income Statement Balance Sheet Cashflow Statement Notes to the Quarterly Financial Report In the current section Management Board on page 199 of the Prospectus, the following additional member of the management board shall be added: Pieter Boone (Member of the Management Board) as of 1 July 2015 a) None b) METRO Cash & Carry Russia N. V., Amsterdam, The Netherlands Supervisory Board 3. In the current section "Selected Consolidated Financial Information of METRO GROUP for 2013/14 and 2013" on page 214 of the Prospectus, the following second table shall be added below the current table: METRO GROUP in figures (unaudited) million million Sales (net)... 44,977 45,532 EBITDA... 1,657 1,741 EBITDA before special items... 1,763 1,854 EBIT EBIT before special items... 1,076 1,127 Earnings before taxes Earnings before taxes and special items Profit or loss for the period Profit or loss for the period before special items Investments Total assets... 27,489 28,832 Equity... 4,694 5,044 Equity ratio % 17.5 % Earnings per share (basic = diluted) Earnings per share before special items

8 8 Operating data... Employees (full-time basis) , ,326 Stores ,074 2,075 Selling space (1,000 sqm) ,648 10,962 1 As of closing date 30 June. 4. The first paragraph of the section "Trend information and no significant change" on page 237 of the Prospectus shall be deleted and replaced as follows: "There has been no significant change in the financial or trading position of METRO AG or the METRO GROUP since 30 June 2015 and there has been no material adverse change in the prospects of METRO AG or the METRO GROUP since the date of the last published consolidated financial statement of METRO GROUP for the period ending 30 September 2014."

9 9 NAMES AND ADDRESSES THE ISSUERS METRO AG Metro-Straße Düsseldorf Federal Republic of Germany Metro Finance B.V. Antoniuslaan 85 b+c 5921 KB Venlo-Blerick The Netherlands FISCAL AGENT AND PAYING AGENT Deutsche Bank Aktiengesellschaft Taunusanlage Frankfurt am Main Federal Republic of Germany LUXEMBOURG LISTING AGENT Deutsche Bank Luxembourg S.A. 2 Boulevard Konrad Adenauer 1115 Luxembourg Grand Duchy of Luxembourg