Cabonline initiates a written procedure in respect of its bonds

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO U.S. PERSONS OR IN OR INTO ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL.

Cabonline Group Holding AB (publ) (the "Company") has on the date hereof given instructions to Nordic Trustee & Agency AB (publ) (the "Agent"), being the agent under the Company's senior secured floating rate notes with ISIN SE0013409398 (the "Notes") to initiate a written procedure in order to request that the noteholders vote in favour of certain amendments, waivers and consents in respect of the terms and conditions of the Notes.

In accordance with the Company’s press release dated 2 July 2020, the Company has today instructed the Agent to initiate a written procedure with respect to the amendments and waivers to the terms and conditions of the notes as set out in the aforementioned press release.

The notice of the written procedure and the proposed amendments and waivers (including background in respect thereof) are available at the Company's website (www.cabonlinegroup.com). The purpose of, and the conditions for, the amendments and waivers are set out in the press release referred to above and in more detail in the notice of the written procedure.

To be eligible to participate in the written procedure a person must fulfil the formal criteria for being a noteholder on 10 July 2020. This means that the person must be registered in the debt register of Euroclear Sweden AB as a direct registered owner (Sw. direktregistrerad ägare) or as authorised nominee (Sw. förvaltare) with respect to one or several Notes.

The Agent will in accordance with the terms and conditions of the Notes issue a formal notice for the written procedure to all persons registered as holders of Notes on 2 July 2020. Further information about voting requirements and important dates for the written procedure is available in the notice of written procedure, and information about the decisions taken under the written procedure will be published on the Company's website.

The Company has engaged Pareto Securities AS its financial advisor in relation to the amendments and waivers and thus queries in relation thereto shall be channelled via Pareto Securities AS and/or the management.

For further information, please contact:
Peter Viinapuu, CEO, tel. +46 76 641 10 06
Peter.viinapuu@cabonline.com

Anneli Lindblom, CFO, tel. +46 76 593 84 00
anneli.lindblom@cabonline.com

Lisa Karlsen, Pareto Securities, tel +47 41 10 44 66
lisa.karlsen@paretosec.com

About Cabonline:
Cabonline Group is a leading technology and service provider for the taxi industry in the Nordics. In Sweden, Finland, Norway and Denmark, around 3,000 transporters are connected with approximately 5,700 vehicles under different brands, including TaxiKurir, Norgestaxi, TOPCAB, Kovanen, Taxi Skåne, Taxi Väst, Umeå Taxi, Sverigetaxi and Taxi 4x27. Through Cabonline Group, the transporters get attractive customer agreements, industry-leading technology as well as access to large scale advantages and infrastructure. Cabonline Group has a turnover of approximately 6.5 billion SEK and performs over 45,000 journeys every day. For more information please visit www.cabonlinegroup.com.

About Us

Cabonline is the leading taxi company in the Nordic region with 3,000 connected taxi firms and approximately 5,700 vehicles in Sweden, Norway, Finland and Denmark. Cabonline contains a series of well-known brands, such as TaxiKurir, Norgestaxi, TOPCAB, Kovanen, Taxi Skåne, Taxi Väst, Umeå Taxi, Sverigetaxi and Taxi 4x27. Through Cabonline, taxi firms have access to attractive customer agreements, support from industry-leading technological development and utilization of economies of scale, efficient service and a shared infrastructure. The Group has revenue of approximately SEK 6.5 billion and performs about 45,000 journeys per day. For further information: www.cabonlinegroup.com.

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