GETRONICS N.V. LAUNCHES AN ISSUE OF UP TO EUR 100 MILLION OF 7 YEAR SENIOR UNSECURED CONVERTIBLE BONDS
• Issue of up to EUR 100 million convertible bonds 2014 in order to finance a
conditional tender offer for the existing 5.5% convertible bonds 2008
• Improving Getronics’ debt maturity profile and reducing cost of capital
• Coupon range for the convertible bonds 2014 is between 3.875% and 4.375% and
conversion premium between 25% and 30%
• This strengthening of the company’s balance sheet is in line with and will further support Getronics’ strategy.
Introduction
Getronics N.V. (‘Getronics’) announces today an issue and offering (the ‘CB Offering’) of
up to EUR 100 million senior unsecured convertible bonds due 2014 (the ‘Bonds 2014’).
Subsequent to and conditional on a successful placement of the Bonds 2014, Getronics will launch a cash tender offer (the ‘Cash Offer’) for all or some of its EUR 100 million 5.5% unsubordinated convertible bonds due 2008 (the ‘Bonds 2008’). Through these transactions Getronics aims to further optimise its financing structure by extending its debt maturity profile and lowering its cost of capital.

Optimising financing structure
The net proceeds of the CB Offering will be used to pay for the Bonds 2008 tendered and accepted for purchase under the Cash Offer. If the net proceeds exceed the amount payable under the Cash Offer then such excess proceeds will be used to repay other outstanding indebtedness.
Getronics expects the transactions to significantly improve its debt maturity profile, reduce its cost of capital and strengthen its balance sheet. The transactions are in line with Getronics’ recently expressed goal of optimising its financing structure and are expected to provide increased financial flexibility for Getronics’ future development.
Furthermore, Getronics intends to cancel its acquisition term loan as it is not drawing under this facility, but has been paying commitment fees for having it available. As Getronics has no plans to use this facility in the near future, the cancellation reduces financing cost and further optimises its financing structure in line with its strategy.

CB offering
Getronics launches an offering of up to EUR 100 million of the Bonds 2014. The shares to be issued upon conversion of the Bonds 2014 (the ‘Shares’) will represent a maximum of 10% of Getronics’ issued ordinary share capital and 779,710 available ordinary shares held in treasury.
The maturity of the Bonds 2014 is 7 years. The Bonds 2014 will be issued at 100 per cent of their principal amount and are expected to have a coupon of between 3.875 per cent and 4.375 per cent per annum payable semi-annually in arrear. The conversion price is expected to be set at a premium of between 25 per cent and 30 per cent above Getronics' volume weighted average share price during bookbuilding. The final terms of the Bonds 2014 are expected to be announced later today through a separate press release.

The Bonds 2014 will be offered to institutional investors only. Neither the Bonds 2014 nor the Shares have been or will be registered under the U.S. Securities Act 1933, as amended (the ‘Securities Act’) and will be offered and sold only outside the United States in compliance with Regulation S under the Securities Act. Neither the Bonds 2014 nor the Shares will be offered to investors in the United States, Australia, Canada, Italy or Japan.

Payment for and delivery of the Bonds 2014 is expected to be on or about 12 January 2007. On or before such time an offering memorandum will be made available by Getronics.

Cash offer
Getronics is also announcing that, subsequent to and conditional on a successful placement of the Bonds 2014, it will launch a Cash Offer for all or some of the Bonds 2008. The net proceeds of the CB Offering will be used to pay for the tendered Bonds 2008. If the net proceeds exceed the amount payable under the Cash Offer, then such excess proceeds will be used to repay other outstanding indebtedness.

The Cash Offer will be made subject to the terms and conditions of a tender offer memorandum (including that the Cash Offer will be subject to closing of the CB Offering which will be subject to customary conditions precedent for an offering of this nature), copies of which will be available from Getronics at its headquarters, at www.getronics.com and from the dealer managers upon launch of the Cash Offer.


GETRONICS N.V. SUCCESSFULLY PLACES EUR 95 MILLION 3.875 PER CENT, 7 YEAR SENIOR UNSECURED CONVERTIBLE BONDS
The convertible bond offering is a major success and has been covered over 11 times • The coupon of the convertible bonds 2014 is set at 3.875% and the conversion premium is 30% • Getronics will raise EUR 95 million, the maximum amount possible given the delegated authority and treasury shares Introduction On 14 December 2006, Getronics N.V. (‘Getronics’) successfully placed EUR 95 million, 3.875 per cent senior unsecured convertible bonds due 2014 (the ‘Bonds 2014’). Based on the initial conversion price of the Bonds 2014, the Bonds 2014 are convertible into 10% of Getronics’ issued ordinary share capital and 779,710 ordinary shares held in treasury. The coupon has been set at 3.875 per cent per annum payable semi-annually
in arrears. The initial conversion price has been set at EUR 7.25 which represents a premium of approximately 30 per cent above Getronics' volume-weighted average share price during the bookbuilding period. Conversion and redemption The Bonds 2014 are expected to be convertible as from 26 January 2007 until 5 January 2014 into ordinary shares in the capital of Getronics at the conversion price applicable at such conversion date and under the conditions to be set out in a trust deed in respect of the Bonds 2014. Unless previously redeemed, converted or purchased and cancelled, the Bonds 2014 will be redeemed in cash on 12 January 2014 at 100% of their nominal value, together with accrued and unpaid interest. Under certain circumstances, to be specified in the trust deed, the Bonds 2014 may be redeemed earlier. Payment and delivery Payment for and delivery of the Bonds 2014 is expected to take place on or about 12 January 2007. On or before such time, a prospectus will be made available. The offering is subject to customary conditions precedent for an offering of this nature. Listing Listing of the Bonds 2014 on the official list of the Luxembourg Stock Exchange and trading on the Luxembourg Stock Exchange’s Euro MTF Market is expected to commence on or about 12 January 2007, barring unforeseen circumstances.