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19 Dec 2016

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BGEO Group PLC (the “**Group**” or “**BGEO**”), announces that the Group’s wholly owned real estate subsidiary m2 Real Estate (“**m2**”) has successfully placed US$ 25 million bonds into the local market. The bonds were issued at par with a 3-year tenor and an annual coupon rate of 7.5%, payable semiannually. The Group’s investment banking and brokerage subsidiary, Galt & Taggart, acted as a placement agent. The proceeds are to be used for refinancing m2’s existing bonds and financing planned real estate development projects.

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