TIDM93DS

RNS Number : 3143W

TFG Sukuk I Limited

17 August 2022

Issuer: TFG Sukuk I Limited

Date: 17 August 2022

Aurum (Cayman) Limited ("Aurum") would like to announce that it has received the consent of holders ("Certificateholders") of the U.S.$135,000,000 Secured 10.50 per cent. amortising Certificates due 2024 (the "Certificates") issued by TFG Sukuk I Limited (the "Issuer") to permanently amend the terms and conditions of the Certificates, in order to, inter alia: (i) revise the Scheduled Dissolution Distribution Amounts payment schedule and Scheduled Dissolution Distribution Amounts payable under the Certificates; (ii) amend the provisions relating to Dissolution at the Option of Aurum and the Optional Dissolution Distribution Amount payable on an Optional Dissolution Date; (iii) insert an additional option allowing for dissolution of the Certificates in the event of a Refinancing Event; and (iv) revise certain of the covenants and undertakings that Aurum is required to comply with under the Certificates.

About The First Group: The First Group, a subsidiary of Aurum is headquartered in Dubai, UAE and is a dynamic, integrated property developer with a fast-growing portfolio of upscale hotels, residential properties, F&B brands and real estate asset management services. Since its launch, The First Group has carved a highly successful niche offering unrivalled property investment opportunities to clients from more than 120 countries worldwide.

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August 17, 2022 12:00 ET (16:00 GMT)

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