Ekornes QM Holding AS - Buyback in the outstanding bond issue with ticker “EKO01”

27 Feb 2023 21:00 CET

With reference to Ekornes QM Holding AS’ press release on Friday 24 February
2023. In relation to the new bond issue, Ekornes QM Holding AS has repurchased
NOK 1109.1 million in the outstanding bond issue with ticker “EKO01” and ISIN
NO0010848401 at a price of 103% of par with settlement expected to be on 10
March 2023. The company held no bonds in EKO01 prior to the repurchase.

For more information, please contact:
Fredrik Ødegård Nilsen, CFO and Interim CEO Ekornes AS
FON@Ekornes.com
Tel: +47 70 25 52 00

About Ekornes QM Holding Group
Ekornes QM Holding AS was founded 4 January 2018 with the purpose of acquiring
the Ekornes Group. In May 2018, an offer was made to purchase the shares of all
Ekornes shareholders. The share purchase was completed in August 2018 and the
Group was delisted from the Oslo Stock Exchange in October 2018. Norwegian
ultimate parent company Ekornes QM Holding AS is a subsidiary of Qumei Home
Furnishings Group. Qumei Group owns 94,12% of the shares in Qumei Runto S.à.r.l
and Hillhouse investment owns 5,88% of the shares in Qumei Runto S.à.r.l

Qumei Runto S.à.r.l owns 100% of the shares in Ekornes QM Holding AS. The
Ekornes Group is the only operational part of the Ekornes QM Holding Group.
Ekornes is the largest furniture producer in Norway and owns the brand names
Ekornes®, Stressless®, Svane® and IMG. Stressless® is one of the world’s most
well-known furniture brands. Production takes place at the Group’s eight
factories, five of which are in Norway, one in the USA, one in Thailand and one
in Lithuania. Ekornes sells its products over large parts of the world, either
through its own sales companies or via importers.

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