Waived conditions for call option notice

26 Jul 2024 12:12 CEST

Dubai, 26 July 2024: Reference is made to the stock exchange notice published 17
July 2024 regarding the exercise of Kent Global plc’s call option to redeem all
outstanding bonds under its senior secured open callable bond issue with ISIN
NO0011032336.

The exercise of the call option was subject to certain conditions as set out in
the call option notice being satisfied or waived latest on 26 July 2024.

We are pleased to confirm that the conditions in the call option notice have
been waived and that all outstanding bonds will be redeemed as set out therein.

The outstanding bonds will be repaid at a price equal to 104.00 per cent of the
nominal amount plus accrued and unpaid interest to the date of redemption, with
settlement scheduled for 31 July 2024. The record date for the call option will
be 29 July 2024.

For further information, please contact:
Andrew Nunn, General Counsel
Telephone: +971 56 418 1484
E-Mail: andrew.nunn@kentplc.com

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