Notice of exercise of call option relating to Schletter International's senior secured bonds (ISIN NO0012530973) and second lien bonds (ISIN NO0012530981)

17 Dec 2024 12:11 CET

Amsterdam, the Netherlands, 17 December 2024. On 1 August 2024, Schletter
International B.V. (the "Company") published a stock exchange notice regarding
the expected exercise of its voluntary early redemption right under the terms
and conditions of its senior secured bonds and its second lien bonds.

Today, the Company notified Nordic Trustee AS that it will exercise the call
option to redeem all outstanding bonds under its senior secured bond issue (with
ISIN NO0012530973) and second lien bond issue (with ISIN NO0012530981)
(collectively, the "Bonds") and each bondholder is hereby given notice thereof.
The Bonds were issued on 12 September 2022 with maturity 12 September 2025
(senior secured) and 12 March 2026 (second lien bonds).

The exercise of the call option is conditional upon certain conditions as set
out in the call option notices being satisfied or waived no later than 31
December 2024. Subject to satisfaction of the aforementioned conditions, (1) the
entire senior secured bond issue will be repaid at a price equal to 102.22 per
cent of the nominal amount for each redeemed bond and (2) the entire second lien
bond issue will be repaid at a price equal to 103.60 per cent of the nominal
amount for each redeemed bond, in each case plus accrued and unpaid interest and
with an estimated call option repayment date of 6 January 2025. The estimated
record date for the call option is 2 January 2025.

Reference is made to the attached notices from Nordic Trustee AS for further
information about the call option.

More information:
Access the news on Oslo Bors NewsWeb site

634941_NO0012530981_Call Notice_dated 17122024(1661734.1).pdf
634941_NO0012530973_Call Notice_dated 17122024(1661525.1).pdf