GLX HOLDING AS – CONFIRMATION OF EXERCISE OF CALL OPTION

16 Mar 2026 16:02 CET

Oslo, Norway, 16 March 2026 - Reference is made to the announcement made on 5
March 2026 where GLX Holding AS notified Nordic Trustee AS of the exercise of
its call option for the remaining outstanding bonds under the bond issue "GLX
Holding AS FRN Senior Secured NOK 2,000,000,000 Sustainability Linked Callable
Bonds 2023/2027" (GLX02 ESG/ISIN NO 0012838970).

The exercise of the call option was subject to certain conditions as set out in
the Call Option Notice being satisfied or waived no later than 16 March 2026.

We hereby confirm that the conditions to the call option have been satisfied,
and all outstanding bonds will be redeemed as planned. The outstanding bonds
will be repaid at 100.675% of the Nominal Amount for each redeemed bond (plus
accrued and unpaid interests on the redeemed amount), with settlement date on 19
March 2026. All Sustainability Performance Targets for the Target Observation
Date in 2025 have been met, and therefore no Sustainability Linked Redemption
Premium is payable.

For information purposes reference is made to the attached confirmation of
exercise of call option from Nordic Trustee AS.

For further information, please contact:

Kjetil Østvold, Head of Investor Relations & Analysis
Mobile: +47 468 63 004
E-mail: Kjetil.ostvold@glamox.com or ir_glx@glamox.com

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

About Glamox:

Glamox AS is a leading lighting company that provides quality energy-efficient
lighting for professional buildings in Europe and to the world’s marine,
offshore and wind markets. Our mission is to provide sustainable lighting
solutions that improve the performance and well-being of people. We are
committed to achieving Net Zero operations by 2030.

Headquartered in Oslo, Norway, Glamox AS is privately owned by Triton and
Fondsavanse and is a subsidiary of GLX Holding AS. Glamox AS employs around
2,000 professionals with sales and production in Europe, Asia, and North
America. In 2025, its annual revenues were NOK 4,447 million. It owns a range of
quality lighting brands, including Glamox, Aqua Signal, LINKSrechts, LiteIP,
Luminell, Luxo, MARL, Norselight, and Wasco. For more information, please see
www.glamox.com.

More information:
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668492_20260316 Confirmation of exercise of Call Option NT.pdf