HMH HOLDING B.V.: KEY INFORMATION RELATING TO FULL REDEMPTION OF BONDS

09 Dec 2025 15:03 CET

Reference is made to the 9.875% Senior Secured Bonds 2023/2026 (HMHH02) with
ISIN NO 0013063495 (the "Bonds") with HMH Holding B.V. (the "Company") as
issuer. Reference is further made to the Company's announcement made on 4
December 2025 regarding the successful placement of a new USD 200 million senior
secured bond issue (the "New Bond Issue") and the Company's intention to issue a
call notice for early redemption of the Bonds.

The Company has today notified Nordic Trustee AS that it will exercise the call
option to redeem all outstanding bonds under the Bonds. The original maturity
date of the Bonds was 16 November 2026.

The outstanding Bonds will be redeemed at the prevailing call option price of
103.292 per cent. of the nominal amount of the Bonds plus accrued and unpaid
interest on the redeemed amount. Repayment is scheduled for 23 December 2025.
The estimated record date for the call option is 19 December 2025.

The exercise of the call option is conditional upon the following conditions
being satisfied by 18 December 2025:
(a) the settlement of the New Bond Issue having taken place; and
(b) a closing mechanism in respect of the refinancing of the Bonds and related
documentation having been agreed to the satisfaction of the Issuer.

Issuer: HMH Holding B.V.
ISIN for bond loan: NO 0013063495
Original maturity date: 16 November 2026
New maturity date: 23 December 2025
Redemption price: 103.292% (plus accrued but unpaid interests on the redeemed
amount)
Other information: Exercise of the call option is conditional upon settlement of
the New Bond Issue and satisfactory closing mechanism and documentation.

For more information, please contact:
Tom McGee, Chief Financial Officer
Mobile: +1 713 443 5476 E-mail: Thomas.McGee@hmhw.com


About HMH
HMH is a premier drilling solutions provider, which was formed as an independent
company in October 2021 through the merger of Baker Hughes' (Nasdaq: BKR) Subsea
Drilling Systems business and Akastor ASA's wholly owned subsidiary, MHWirth AS.

HMH combines integrated delivery capabilities, capital, renowned industry
expertise and delivers the full range of offshore drilling equipment products
and packages at scale. HMH aims to support the industry's transition toward more
energy-efficient solutions, as well as deploying technologies and service
solutions to make the sector more competitive through increased drilling
efficiency. Moreover, the Company's service and technology portfolio will be
utilized as a springboard for future growth, both within drilling services and
when pursuing opportunities towards adjacent industries such as renewables and
mining.


This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and Euronext Oslo Rule Book II.

More information:
Access the news on Oslo Bors NewsWeb site

661573_NO0013063495 Call Notice dated 09122025.pdf