Exhibit 99.1
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NOTICE OF REDEMPTION
To The Holders of
Jones Lang LaSalle Finance B.V.
9% Senior Notes due 2007
ISINs XS0114810863, XS0114810350 and XS0122809634
and CUSIP No. 48021P AB 4
NOTICE IS HEREBY GIVEN that, pursuant to the Indenture, dated as of
July 26, 2000, among Jones Lang LaSalle Finance B.V., a private limited
liability company incorporated under the laws of the Netherlands (the
"Company"), the Guarantors party thereto and The Bank of New York, a New
York banking corporation, as trustee (the "Trustee"), relating to the
above-referenced 9% Senior Notes due 2007 (the "Notes"), the Company has
elected to redeem the Notes pursuant to section 3.01(a) of the Indenture
and will redeem on June 15, 2004 (the "Redemption Date") all of the
outstanding Notes at a redemption price of 104.500% of the principal amount
thereof (the "Redemption Price"), plus accrued and unpaid interest to the
Redemption Date of euro 45.00 per euro 1,000 principal amount thereof. The
Notes must be surrendered to The Bank of New York, which is acting as
Paying Agent (as defined in the Indenture), in order to collect the
Redemption Price, as follows:
By hand delivery or by mail:
The Bank of New York The Bank of New York (Luxembourg) S.A.
Lower Ground Floor 6D, route de Treves, B.P. 263
30 Cannon Street L-2633 Senningerberg
London EC4M 6XH Grand Duchy of Luxembourg
Attn: Julie McCarthy
The Company will deposit in trust with the Trustee the funds, representing
the Redemption Price, on June 15, 2004. The Notes called for redemption
will no longer be deemed outstanding on and after June 15, 2004. Unless
the Company defaults in making the redemption payment, interest on the
Notes ceases to accrue on and after the Redemption Date and the only
remaining right of the registered holders of the Notes is to receive
payment of the Redemption Price plus accrued interest to the Redemption
Date upon surrender of the Notes to the Paying Agent.
The method of delivery of Notes to the Paying Agent is at the option and
risk of the holder; however, transmission by registered mail, properly
insured, is suggested as a precaution against loss.
If the check representing the Redemption Price is to be issued to the
registered holder of a Note, it is not necessary to endorse the assignment
form on the reverse side of the Note.
Any questions relating to this Notice of Redemption or the loss of a Note
should be directed to the Trustee (Bondholder Relations) at 1-212-815-8387.
No representation is being made as to the correctness of the ISINs or CUSIP
numbers or common codes either as printed on the Notes or as contained in
any notice of redemption; reliance may be placed only on the other
identification numbers printed on the Notes.
THE BANK OF NEW YORK, as Trustee,
on behalf of Jones Lang LaSalle Finance B.V.
Dated: [ ], 2004
* * * * *
Under current United States federal income tax law, backup withholding, at
a rate of 28%, generally may apply to the payment of gross redemption
proceeds, unless (i) in the case of a noncorporate holder that is a
beneficial owner of Notes and that is a United States person (as determined
for U.S. federal income tax purposes), the paying agent has received a
properly completed IRS Form W-9 setting forth the holder's taxpayer
identification number, or (ii) the holder otherwise establishes an
exemption. A holder that is a beneficial owner of Notes and that is not a
United States person (as determined for U.S. federal income tax purposes)
generally may establish an exemption from backup withholding by providing
to the paying agent an IRS Form W-8BEN, upon which it certifies its foreign
status.