reMarkable secures USD 80 million bank financing facility and announces notice of exercise of call option of its outstanding secured bond of NOK 1,000,000,000

06 Jun 2025 10:35 CEST

OSLO, NORWAY – Date, 2025 – reMarkable AS, a leader in the paper tablet
category, today announced it has secured a USD 80 million financing with Danske
Bank. This new facility provides reMarkable with a flexible and long-term
financing structure to support its continued growth and strategic initiatives.

In conjunction with this new facility, reMarkable will call the outstanding
amount of RMKB01 (ISIN NO0013030205) at the prevailing make-whole call price.
reMarkable Invest AS has today notified Nordic Trustee AS that it will exercise
the call option to redeem all outstanding bonds under its NOK 1,000,000,000
senior secured bond issue 2023/2027 (with ISIN NO0013030205) with original
maturity date 12 October 2027, and each Bondholder is hereby given notice
thereof.

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 19 June
2025.

Subject to satisfaction of the aforementioned conditions, the entire bond issue
will be repaid at a price equal to equal to the Make Whole Amount,
corresponding to 107,6747 per cent. of the Nominal Amount plus accrued and
unpaid interests, with call option repayment date being 24 June 2025. Reference
is made to the attached notice from Nordic Trustee AS for further information
about the call option.

Furthermore, as a result of the refinancing, reMarkable Holding AS, the main
owner of reMarkable Invest AS, will propose a limited share buy-back program.
More information on this will be provided to the Company's shareholders in due
course.

The new financing structure and subsequent capital allocation changes underscore
reMarkable's commitment to creating sustainable long-term value for all
stakeholders.

For further information, please contact:

Mikkel Ektvedt, CFO
ir@remarkable.com
Phone: +47 918 48 488

About reMarkable: reMarkable is a Norwegian technology company that develops
paper tablets for note taking, reading, and reviewing documents. Our vision is
to create human-friendly technology that helps people think better in a
distracted world.

More information:
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648612_Exercise of voluntary early redemption.pdf
648612_reMarkable - Secures new financing and announces exercise of call option.pdf