Eurofins announces its intention to issue new euro senior bonds to refinance part of its existing hybrid bonds

Eurofins Scientific (EUFI.PA, rated Baa3/positive by Moody’s and BBB-/stable by Fitch rating, “Eurofins”), a global leader in bioanalytical testing, announces today:

• its intention to issue new senior unsecured fixed rate Euro-denominated bonds for an amount of at least €500m (the “New Bonds”)

and

• the launch of tender offers (the “Tender Offers”) to repurchase its €300m Deeply Subordinated Fixed to Floating rate bonds (ISIN: XS2051471105) issued 11 September 2019 with a first call date in August 2022 (the "2022 Hybrid Bonds") and its €300m Deeply Subordinated Fixed to Floating rate bonds (ISIN: XS1224953882) issued 29 April 2015 with a first call date in April 2023 (the "2023 Hybrid Bonds" and together with the 2022 Hybrid Bonds, the "Existing Hybrid Bonds")

The Tender Offers include no priority order amongst the Existing Hybrid Bonds and are subject to the success of the issuance of the New Bonds. Any Existing Hybrid Bonds validly tendered will be accepted for repurchase.

Depending on the successful completion of the Tender Offers and the successful issuance of the New Bonds, it is Eurofins’ intention to redeem in full the remaining Existing Hybrid Bonds, via the exercise of the clean-up clause as defined in the Existing Hybrid Bonds (condition 5 (d) of the Existing Hybrid Bonds).

Results of the Tender Offers are expected to be announced on 28 June 2022 (subject to changes as a result of any extension, withdrawal, termination or amendment of the Tender Offers).

While Eurofins did consider refinancing the Existing Hybrid Bonds with a similar product, it determined that current market conditions were unfavorable for such a transaction. With the intended refinancing with New Bonds, Eurofins is proactively and conservatively managing its bond and hybrid capital maturity profile in the current unstable economic and geopolitical environment. Eurofins does not exclude issuing hybrid instruments again in the future.

Notes to Editors:

For more information, please visit www.eurofins.com or contact:

About Eurofins – the global leader in bio-analysis

Eurofins is Testing for Life. Eurofins is the global leader in food, environment, pharmaceutical and cosmetic product testing, and in discovery pharmacology, forensics, advanced material sciences and agroscience Contract Research services. Eurofins is also a market leader in certain testing and laboratory services for genomics, and in the support of clinical studies, as well as in BioPharma Contract Development and Manufacturing. The Group also has a rapidly developing presence in highly specialised and molecular clinical diagnostic testing and in-vitro diagnostic products.

With 58,000 staff across a decentralised and entrepreneurial network of 900 laboratories in 54 countries, Eurofins offers a portfolio of over 200,000 analytical methods to evaluate the safety, identity, composition, authenticity, origin, traceability and purity of a wide range of products, as well as providing innovative clinical diagnostic testing services and in-vitro diagnostic products.

The Group’s objective is to provide its customers with high-quality services, innovative solutions and accurate results on time. Eurofins is ideally positioned to support its clients’ increasingly stringent quality and safety standards and the increasing demands of regulatory authorities as well as the requirements of healthcare practitioners around the world.

In 2020 and 2021, Eurofins reacted quickly to meet the global challenge of COVID-19, by creating the capacity to help over 20 million patients monthly who may have been impacted by the pandemic with our testing products and our services and directly supporting healthcare professionals working on the front line to fight the virus. The Group has established widespread PCR testing capabilities and has carried out over 40 million tests in its own laboratories, is supporting the development of a number of vaccines and has established its SAFER@WORK™ testing, monitoring and consulting programmes to help ensure safer environments, travel and events during COVID-19.

Eurofins has grown very strongly since its inception and its strategy is to continue expanding its technology portfolio and its geographic reach. Through R&D and acquisitions, the Group draws on the latest developments in the field of biotechnology and analytical chemistry to offer its clients unique analytical solutions.

Shares in Eurofins Scientific are listed on the Euronext Paris Stock Exchange (ISIN FR0014000MR3, Reuters EUFI.PA, Bloomberg ERF FP).

Until it has been lawfully made public widely by Eurofins through approved distribution channels, this document contains inside information for the purpose of Regulation (EU) 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse, as amended.

Important disclaimer:

This press release contains forward-looking statements and estimates that involve risks and uncertainties. The forward-looking statements and estimates contained herein represent the judgment of Eurofins Scientific’s management as of the date of this release. These forward-looking statements are not guarantees for future performance, and the forward-looking events discussed in this release may not occur. Eurofins Scientific disclaims any intent or obligation to update any of these forward-looking statements and estimates. All statements and estimates are made based on the information available to the Company’s management as of the date of publication, but no guarantees can be made as to their completeness or validity.

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