ABAX Group Announces That the Condition for the Early Redemption of Its Outstanding 2020/2025 Bonds Has Been Satisfied

31 Jan 2025 15:20 CET

Larvik (Norway), 31 January, 2025 | On 14 January 2025, ABAX Group AS ("ABAX" or
the "Company") announced its intention to redeem in full the outstanding
2020/2025 bonds with ISIN NO0010885312 (the "Redemption" and the "Existing
Bonds", respectively).

The Redemption was conditional upon the successful issue of the Issuer's senior
secured callable floating rate bonds in an initial amount of up to SEK
900,000,000, as further described in the Company's press release on 14 January
2025, and fulfilling the conditions precedent for disbursement of the net
proceeds from the issue of such new bonds (the "Financing Condition"). The
Company hereby confirms that the Financing Condition has been satisfied and the
Redemption is therefore no longer conditional.

The Redemption of the Existing Bonds will occur on 5 February 2025 and the
applicable record date is 3 February 2025 (the "Record Date"). Payment will be
made to each person who is registered as a holder of the Existing Bonds in the
debt register maintained by Verdipapirsentralen ASA on the Record 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. It was submitted for publication, with contact persons set out above, 15.20
CET on the 31st of January 2025.

For further information please contact:

Emma Dyga, CEO, ABAX
Email: emma.dyga@abax.com
Phone: +46 734390652

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