ABAX Group AS to Redeem its Outstanding NOK 1,000,000,000 Senior Secured Floating Rate Bonds with ISIN No0010885312

14 Jan 2025 18:00 CET

Larvik (Norway), January 14, 2025 | ABAX Group AS (“ABAX” or the “Company”)
hereby announces
that its NOK 1,000,000,000 senior secured floating rate bonds with ISIN
NO0010885312 (the "Bonds")
will be redeemed in advance in accordance with Clause 9.3 (Voluntary total
redemption (call option)) of
the terms and conditions of the Bonds.

The redemption date will be 5 February 2025. The redemption amount for each Bond
shall be 100 per
cent. of the nominal amount, plus accrued but unpaid interest up to, but
excluding, the applicable
redemption date. The redemption amount will be paid to the bondholders holding
Bonds on the
applicable record date (being 3 February 2025).

The Company's obligation to redeem the Bonds on the redemption date is
conditional upon the
successful issue prior to the applicable record date of senior secured floating
rate bond issue in an initial
amount of up to SEK 900,000,000 (the "New Bonds") and the Company fulfilling the
conditions
precedent for disbursement of the net proceeds from the issue of the New Bonds.

Subject to the above, the Bonds will be de-listed from the corporate bond list
of Oslo Børs in connection
with the redemption date.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation
("MAR") and is subject to the disclosure requirements pursuant to MAR article 17
and Section 5-12 of
the Norwegian Securities Trading Act. This information was published by John Ole
Moe, CFO of ABAX
at 18.00 CET on the 14th of January 2025.

For further information, please contact:
Emma Dyga, CEO, ABAX
Email: emma.dyga@abax.com
Phone: +46 73 439 06 52

John Ole Moe, CFO, ABAX
Email: john.moe@abax.com
Mobile: +47 95 26 87 01

About ABAX
ABAX is a leading European telematics IoT platform offering connected mobility
solutions for vehicle
tracking, tool tracking, and equipment control. Our mission is to provide
mobility data insights that help
customers optimize field operations, comply with regulations, and achieve
significant savings. With over
500,000 tracked assets and 40,000 customers, ABAX delivers reliable and powerful
solutions for
businesses relying on field workforces, logistics, and heavy equipment. Our
advanced platform
transforms customer needs into actionable insights and automated reporting,
driving efficiency and
operational excellence

More information:
Access the news on Oslo Bors NewsWeb site

636511_ABAX Group AS Press Release - Call Option Notice - 14 January 2025.pdf