NES Fircroft Bondco AS: Successful placement of new USD 350 Million Senior Secured Callable Bond Issue and Redemption of NESFB01.

06 Sep 2024 17:29 CEST

6 September 2024

NES Fircroft Bondco AS ("NES Fircroft or the "Company") is pleased to announce
that it has successfully completed a new 5-year senior secured callable bond
issue of USD 350 million with a coupon rate of 8.00 percent per annum.

The net proceeds from the contemplated bond issue will be applied to repay in
full the Company's existing USD 300 million senior secured bonds with ticker
"NESFB01"(ISIN NO0012554692)and general corporate purposes. Settlement of the
bond issue is expected on or about 30 September 2024 (the "Issue Date") and the
Company will prior to such date Issue an irrevocable and unconditional call
notice for full redemption of NESFB01 at the prevailing call price.

ABG Sundal Collier ASA and Pareto Securities AB as acted as joint lead managers.
Advokatfirmaet Thommessen AS acted as legal advisor to the Company and Wikborg
Rein Advokatfirma AS acted as legal advisor to the joint lead managers.

NES Fircroft is the world’s leading engineering staffing provider, delivering
workforce solutions to the global energy industry. It spans various sectors
including Oil & Gas, Power & Renewables, Infrastructure, Life Sciences, Mining,
Automotive, and Chemicals worldwide.

Contact:

Mark Le Vesconte, Group Finance Director, mark.levesconte@nesfircroft.com, +44
7590 227915

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act and requirements under the EU Market
Abuse Regulation.

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