European Lingerie Group AB receives consent from the bondholders in the written procedure for its senior secured bonds 2018/2021

European Lingerie Group AB ("ELG") hereby announces that the written procedure initiated on 15 April 2021 of its maximum EUR 60,000,000 senior secured floating rate bonds 2018/2021 (ISIN: SE0010831792) (the “Bonds”) in order to obtain the bondholders’ consent to carry out a voluntary restructuring of ELG and its Bonds, as described in the notice of the written procedure, has been successfully concluded.

The written procedure expired on 11 May 2021. A sufficient number of bondholders participated in the written procedure in order to meet a quorum and a requisite majority of the bondholders voted in favour to approve the request, as described in the notice of the written procedure. The relevant approvals from the bondholders to implement the restructuring, as announced by ELG by way of a press release on 14 April 2021, have thereby been granted.

For detailed information regarding the restructuring and complete proposals for resolutions, which have now been approved, the notice of the written procedure is available on ELG’s website (www.elg-corporate.com).

ELG and the other parties to the restructuring are currently working on the necessary documentation to implement the restructuring, which will include a repayment on the Bonds in cash and a write down of the remaining nominal amount and the accrued and unpaid interest. Further information regarding the implementation of the restructuring and the repayment to the bondholders will be announced in a separate press release when such information is available.

“We would like to take this opportunity to show our appreciation to the bondholders for the constructive dialogue and the positive outcome of the process. We are glad to see the request being approved by a high margin,” said Mr. Indrek Rahumaa, ELG’s main shareholder and member of the Board of Directors.

This is information that European Lingerie Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 18:40 CEST on 11 May 2021.

For more information, please contact:

Diana Suprunovica
CFO
European Lingerie Group AB
+371 2839 1256

Diana.suprunovica@elg-corporate.com

European Lingerie Group AB (ELG) is a fully vertically integrated intimate apparel and lingerie group with main production located in the Baltics, Hungary and Germany and with sales worldwide in 46 countries and online. The Group produces fabrics for lingerie garments under the brand Lauma Fabrics and supplies leading lingerie manufacturers in Europe and rest of the world. The Group designs, manufactures and sells branded its own premium lingerie under the brands Conturelle, Felina and Senselle. ELG also owns Dessus-Dessous, the largest online retailer of lingerie and swimwear in France. The Group is headquartered in Stockholm, Sweden. More information available at www.elg-corporate.com.

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