Initiation of a written procedure
SGL International A/S (the "Company") has instructed the agent for the Company's up to EUR 40,000,000 subordinated unsecured pik interest rate bonds with ISIN SE0016797625 (the "Bonds") to initiate a written procedure to request that bondholders vote in favour of a mandatory exchange of Bonds for new bonds that will be issued with Verdipapirsentralen ASA as central securities depository and registrar on terms and conditions that will otherwise mirror the terms and conditions of the Bonds. The notice to the written procedure is available on the Company's website (www.scangl.com) and on