Cidron Romanov Limited: Issuing of PIK Notes

30 Jun 2025 16:00 CEST

Reference is made to Cidron Romanov Limited's (the "Company") notes issues with
ISIN NO0011134405 (the "NOK Notes") and NO0011134413 (the "SEK Notes", and
together with the NOK Notes, the "Notes"). Capitalised terms used herein shall
have the meaning assigned to them in the terms and conditions dated 22 October
2021 (the "Terms and Conditions"), unless otherwise stated herein. The Company
has chosen to settle the interest payment on the Notes falling due on the
Interest Payment Date on 30 June 2025 by the issuing of PIK Notes in accordance
with Clause 9.2 of the Terms and Conditions (and not in cash). Pursuant to
Clause 9 of the Terms and Conditions, the Interest Rate for such interest
settlement will be 13.410% per annum for the NOK Notes and 11.263% per annum for
the SEK Notes.

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