Parkson Retail Group Limited announced that in relation to the commencement of the tender offer to purchase for cash any and all of its outstanding $500,000,000 4.50% notes due 2018. The offer expired at 5:00 p.m. (Hong Kong time)/9:00 a.m. (London time) on 19 January 2018. The company announced that, as of the expiration deadline, $258,939,000 of the principal amount of the notes, representing approximately 53.44% of the total aggregate principal amount of notes outstanding, had been validly tendered and not been withdrawn. Following the settlement of the offer, $225,561,000 of the principal amount of the notes will remain outstanding. The company has accepted all the tendered Notes for repurchase. Noteholders who validly tendered their notes at or prior to the expiration deadline (and did not subsequently revoke such tender in the limited circumstances in which such revocation would have been permitted) will be eligible to receive the total consideration of $1,010.75 for each $1,000 principal amount of the notes tendered (the tender consideration), which consists of a cash purchase price of $1,000 for each $1,000 principal amount of the notes tendered (the repurchase price) and accrued and unpaid interest from (and including) the immediately preceding interest payment date for the notes to (but excluding) the settlement date (the accrued interest payment). The settlement date on which the payment of the total sum of the repurchase price and accrued interest payment to be paid by the company to the noteholders (the total tender consideration) is expected to be on or about 29 January 2018 (the settlement date). All documents relating to the total tender consideration is approximately $261,722,594.