Inside information: Delete Group Oyj moves the date of voluntary redemption of all its senior secured notes maturing in 2024

Delete Group Oyj | Inside information| 16 October 2023 at 2:00 p.m. EEST

Delete Group Oyj ("Delete") announced on 12 May 2023 that its shareholders had signed a binding sale and purchase agreement with Remondis Maintenance & Services International GmbH regarding the sale of all the shares in Delete (the "Transaction"). Moreover, Delete announced that it would, subject to obtaining all customary closing conditions, including approvals by relevant competition authorities required to complete the Transaction (the "Competition Clearances"), voluntarily redeem (the "Redemption") all its outstanding senior secured notes maturing in 2024 (ISIN FI4000252119) (the "Notes") and that it would confirm the exact date of the closing once the Competition Clearances have been received.

As an update to the Transaction, the Swedish competition authority (Konkurrensverket) (the "Competition Authority") initiated an in-depth (Phase 2) investigation of the Transaction on August 2 2023, extending the process with the Competition Authority and giving the Competition Authority additional time to provide its final decision. Proceedings at the Competition Authority are still pending and it is possible that the Transaction cannot be completed during year 2023 as initially expected.

For the above reasons, Delete now expects that the Transaction will be completed before the end of March 2024 (the "Closing Date") and that the timeline for the Redemption of the Notes will be moved accordingly. In accordance with the terms and conditions, the Redemption will be made at an amount equal to 101 per cent of the prepaid nominal amount per note together with accrued but unpaid interest (until and including the Closing Date) (the "Redemption Amount"). On the Closing Date, funds sufficient to cover the Redemption Amount will be paid into a blocked account of Delete held with Nordea Bank Abp (the "Escrow Account") from which the funds will be used on the next business day following the Closing Date towards the Redemption (such date, the "Redemption Date"). The security and guarantees granted as security for all of Delete's obligations under the Notes (other than the security granted over the Escrow Account) will be released by the security agent, Nordic Trustee Oy, on the Closing Date once the Redemption Amount has been paid into the Escrow Account.

Delete will continue to monitor the fulfilment of the required Competition Clearances and the exact timeline for the closing of the Transaction and the Redemption will be confirmed once the Competition Clearances have been received.

Delete Group Oyj

FOR FURTHER INFORMATION, PLEASE CONTACT

Ville Mannola, Group CFO, Delete Group Oyj

E-mail: ville.mannola@delete.fi

Tel. +358 400 357 767

DELETE GROUP IN BRIEF

Delete Group is one of the leading providers of environmental services in the Nordic countries. The Group provides customers with business-critical services that require special expertise and equipment for cleaning services. The Group's head office is located in Vantaa and it employs approximately 675 professionals in 29 locations in Finland and Sweden. www.delete.fi