Nes Fircroft Bondco AS – Notice of exercise of call option

25 Sep 2024 13:54 CEST

We refer to the announcement published 6 September 2024 regarding the successful
placement of a new senior secured callable bond issue. NES Fircroft Bondco AS
has today notified Nordic Trustee AS that it will exercise the call option to
redeem all outstanding bonds under its senior secured sustainability-linked bond
issue (with ISIN NO0012554692) and each Bondholder is hereby given notice
thereof. The bonds were issued 29 September 2022 with maturity 29 September
2026.

The exercise of the call option is conditional upon certain conditions as set
out in the Call Option Notice being satisfied or waived no later than 27
September 2024.

Subject to satisfaction of the aforementioned conditions, the entire bond issue
will be repaid at a price equal to 105.8750 per cent. of the Nominal Amount,
plus accrued and unpaid interest on the redeemed amount and applicable
sustainability-linked redemption premium of 0.34 per cent of the Nominal Amount,
with settlement date 2 October 2024. The record date for the call option will be
30 September 2024.

Reference is made to the attached notice from Nordic Trustee AS for further
information about the call option.

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

More information:
Access the news on Oslo Bors NewsWeb site

628520_NESF call.pdf