Engebø Rutile and Garnet AS: Result of Bondholders Written Resolution

04 Feb 2026 13:40 CET

Reference is made to the notice for bondholders written resolution dated 21
January 2026, regarding proposal to amend the bond terms to allow for amendment
of the minimum liquidity covenant from USD 15 million to USD 10 million to the
Engebø Rutile and Garnet AS 12.5% Senior Secured Bonds 2022/2027 with ISIN
NO0012734112. This is to facilitate flexibility in the group’s liquidity
management. The proposal has been adopted on the basis of the written
resolution.

Reference is made to the attached message from Nordic Trustee.

Clarksons Securities acts as Manager for the transaction.

Oslo, February 4, 2026
Engebø Rutile and Garnet AS

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664856_Notice from Written Resolution.pdf