Infront AS – Notice of Waiver of Conditions for Exercise of Conditional Call Option

27 Nov 2025 09:00 CET

Oslo, Norway 27 November 2025 – Reference is made to the stock exchange
announcement made by Infront AS (the "Company") on 18 November 2025 regarding
the notice of conditional exercise of call option to redeem all outstanding
bonds under the Company’s outstanding EUR 130 million senior secured bonds with
ISIN NO0011130155.

The exercise of the call option was subject to certain conditions, as set out in
the call option notice, being satisfied or waived by 27 November 2025. The
Company hereby announces that it waives the conditions as set out in the call
option notice, and that all outstanding bonds will be redeemed in full,
unconditionally. The outstanding bonds will be repaid at a price equal to
100.531% of the nominal amount for each redeemed bond (plus accrued and unpaid
interest on the redeemed amount), with record date 28 November 2025 and the call
option repayment date 2 December 2025.

For further information, please contact:

Paul Schmidt
Chief Financial Officer
Tel: +44 (0) 7818 264 450
Email: paul.schmidt@infront.co

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