São Paulo, Brazil, June 17, 2026 (GLOBE NEWSWIRE) -- General Shopping e Outlets do Brasil S.A. (the "Company") (B3: GSHP3) today announces the final results of the exchange offers (the "Exchange Offers") by its subsidiaries General Shopping Finance Limited ("GS Finance") and General Shopping Investments Limited ("GS Investments" and, together with GS Finance, the "Issuers" and, each, an "Issuer") in respect of any and all of (i) GS Finance's 10.000% Regulation S Perpetual Bonds (the "Reg S Senior Perpetual Bonds"), and (ii) GS Investments' 12.000% Regulation S Perpetual Subordinated Fixed to Floating Rate Notes with Interest Deferral Option (the "Reg S Subordinated Notes" and, together with the Reg S Senior Perpetual Bonds, the "Reg S Notes"), which expired at 5:00 p.m.(New York City time) on June 17, 2026 (the "Expiration Time").

As of the Expiration Time, GS Finance received valid tenders in respect of US$39,639,000 in aggregate principal amount of the Reg S Senior Perpetual Bonds, representing 40.6% of the outstanding aggregate principal amount of the Reg S Senior Perpetual Bonds (the "Valid Tenders"). The Valid Tenders do not include the Defective Tenders (as defined below). GS Investments did not receive valid tenders in respect of the Reg S Subordinated Notes as of the Expiration Time.

Capitalized terms used but not otherwise defined herein have the meanings ascribed to them in the exchange offer memorandum dated May 28, 2026 (the "exchange offer memorandum").

The Exchange Offers and the Quotas offered thereby have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws or the laws of any other jurisdiction.

Extension of the Period to Submit an Exchange Form

To provide Eligible Holders who tendered Reg S Notes at or prior to the Expiration Time, but failed to submit the documentation required to receive the Quotas in exchange for such Reg S Notes (the "Defective Tenders"), with an additional opportunity to participate in the Exchange Offers, the Issuers have extended the period during which such Eligible Holders may submit a completed Exchange Form, in the form attached as Appendix A to the exchange offer memorandum, until June 24, 2026 (the "Extended Documentation Deadline"). Eligible Holders must submit the Exchange Form, together with the adherence agreement and quota transfer order included as schedules thereto, by e-mail to D.F. King & Co., Inc. at [email protected].

Settlement

Upon the terms and subject to the conditions of the Exchange Offers set forth in the exchange offer memorandum (including those set forth under "The Exchange Offers—Acceptance of Reg S Notes for Exchange"), all Valid Tenders have been accepted for exchange by GS Finance. Delivery of the ...