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Func Food Group Oyj completes the Restructuring in accordance with the Written Procedure - with attachments

Reference is made to Func Food Group Oyj’s (the “Issuer”) press release published on 10 October 2019, whereby the Issuer announced the bondholders’ approval in the Written Procedure for the Restructuring and the mandatory securities exchange and cash payment. All terms used but not defined herein shall have the meaning given to them in the notice to the Written Procedure. The Issuer hereby announces that the Restructuring has been completed on 25 October 2019 (the “Closing Date”) and that the persons who were registered as owners of bonds with ISIN SE0007186150 (the “Existing Bonds”) in

Func Food Group Oyj completes the Restructuring in accordance with the Written Procedure

Reference is made to Func Food Group Oyj’s (the “Issuer”) press release published on 10 October 2019, whereby the Issuer announced the bondholders’ approval in the Written Procedure for the Restructuring and the mandatory securities exchange and cash payment. All terms used but not defined herein shall have the meaning given to them in the notice to the Written Procedure. The Issuer hereby announces that the Restructuring has been completed on 25 October 2019 (the “Closing Date”) and that the persons who were registered as owners of bonds with ISIN SE0007186150 (the “Existing Bonds”) in

PRESS RELEASE - Func Food Group Oyj receives bondholders’ approval in the Written Procedure for the Restructuring and announces a mandatory securities exchange and cash payment

Reference is made to Func Food Group Oyj (the “Issuer”) bonds with ISIN SE0007186150 (with an aggregate nominal amount outstanding of EUR 29,626,472) (the “Existing Bonds”) and the press release made on 13 September 2019, whereby the Issuer announced the Written Procedure to approve the Restructuring (both terms as defined in the notice to the Written Procedure so announced). All terms used but not defined herein shall have the meaning given to them in the notice to the Written Procedure. Approval of the Restructuring A sufficient number of votes was obtained to form a quorum and the

FUNC FOOD GROUP OYJ – NOTICE OF WRITTEN PROCEDURE – REQUEST OF APPROVAL OF RESTRUCTURING AND RESOLUTIONS REGARDING ESTABLISHMENT OF A NEW STRUCTURE

Func Food Group Oyj Notice to a written procedure redacted Nordic Trustee & Agency AB (publ) acts as agent (the “Agent”) for the holders of bonds (the “Holders”) in the bond issue ISIN SE0007186150 (with an aggregate nominal amount outstanding of EUR 29,626,472) (the “Existing Bonds”) issued by Func Food Group Oyj (the “Issuer”). In its capacity as Agent, and as requested by the Issuer and the Bondholder Committee (as defined below), the Agent hereby initiates a procedure in writing (the “Written Procedure”). Due to

Celsius Holdings Inc to Acquire Func Food Group Oyj

On September 11th, Celsius Holdings Inc, (Nasdaq: CELH) maker of the leading global fitness drink, CELSIUS®, announced that the company has entered into a definitive agreement to acquire Func Food Group Oyj (“Func Food”). Func Food is a Nordic wellness company that markets and distributes beverages, protein bars, supplements and superfoods under the brands Celsius, FAST Sports Nutrition, Cocovi and FitFarm. Func Food subsidiaries include Func Food Finland Oy and Suomen Lisäravinne Oy in Finland and People´s Choice Ab in Sweden. The company represents a comprehensive portfolio of well-

Func Food Group Oyj – Signing of Term Sheet

Reference is made to previous press releases on May 9th and June 27th regarding voluntary restructuring and the subsequent confirmation of non-action on behalf of the majority of the bondholders due to the maturity and non-payment of the bonds. The Company, a group representing beneficial holders of in aggregate approximately 65% (the ”Bondholder Committee”) of the Company’s outstanding EUR 38,000,000 senior secured callable bond loan and the Company’s majority shareholder Sentica Partners have agreed on a term sheet for a voluntary restructuring of the Company and the Bond under which

Func Food Group Oyi – Confirmation from Bondholder Committee

27 June 2019 Reference is made to Func Food Group Oyj’s (the “Company”) press release made on 24 June 2019 in relation to the non-payment on the redemption date of its EUR 38,000,000 Senior Secured Callable Floating Rate Bonds 2015/2019 (the “Bonds”), the ongoing discussions with the Bondholder Committee (as defined below) on the possible amendments of the terms and conditions of the Bonds and the Company’s owners’ discussions pertaining to the future ownership structure of the Company (the “Restructuring”). A group representing bondholders holding around 65 per cent. of the Bonds (

Func Food Group Oyj – Non-payment of bond on redemption date

Func Food Group Oyj (the “Company”) has issued senior secured callable bonds in the nominal amount of up to EUR 50,000,000 with ISIN SE0007186150 under the terms and conditions originally dated 25 June 2015 (as amended from time to time) (the “Terms and Conditions”). Pursuant to the Terms and Conditions, the redemption date of the Company’s bond is on 26 June 2019, and the Company is also obliged pay all interests and waiver fees accrued on the bonds for the preceding interest periods. The Company has been in an event of default since not paying the bond interest on 26 March 2019. No

Press Release - Func Food Group annual shareholders’ meeting

Published: 6 June 2019 The company has published an invitation to annual shareholders’ meeting. For further information please contact: Robin Lybeck, CEO Func Food Group Oyj, robin.lybeck@funcfood.com, +358 40 7352464 Jani Partanen, CFO Func Food Group Oyj, jani.partanen@funcfood.com, +358 40 5183076. Func Food Group Oyj, Mannerheimintie 105, 00280 Helsinki, Finland. The board is resident in Helsinki. For further information about the company please visit http://www.funcfood.com/?lang=en. Func Food Group Oyj

PRESS RELEASE – Func Food Group Q1 2019 Financial Report - correction to attachments

Func Food Group has today published its Q1 2019 financial report. The report is available in English at http://www.funcfood.com/investors/?lang=en. SUMMARY First quarter and year-to-date March 2019 · Consolidated Group revenues amounted to MEUR 8.8 (MEUR 8.8 in consolidated 2018). · Revenues increased by 0,4% in comparison to 2018. · Consolidated Group EBITDA amounted to MEUR -0.4 (MEUR -0.4 in consolidated 2018). EBITDA decreased by MEUR 0.1 in comparison to 2018. · EBITDA adjusted for items affecting comparability was MEUR +0.3 in 2019 and MEUR -0.3 in 2018. In Q1

PRESS RELEASE – Func Food Group Q1 2019 Financial Report

Func Food Group has today published its Q1 2019 financial report. The report is available in English at http://www.funcfood.com/investors/?lang=en. SUMMARY First quarter and year-to-date March 2019 · Consolidated Group revenues amounted to MEUR 8.8 (MEUR 8.8 in consolidated 2018). · Revenues increased by 0,4% in comparison to 2018. · Consolidated Group EBITDA amounted to MEUR -0.4 (MEUR -0.4 in consolidated 2018). EBITDA decreased by MEUR 0.1 in comparison to 2018. · EBITDA adjusted for items affecting comparability was MEUR +0.3 in 2019 and MEUR -0.3 in 2018. In Q1

Func Food Group Oyj - Standstill period lapse and cleansing of information

Func Food Group Oyj (the “Company”) announces that the standstill period announced on 17 April 2019 and agreed with certain bondholders (the so called bondholder committee) representing over 60 % of the adjusted nominal amount of the Company’s outstanding EUR 38,000,000 senior secured callable bond loan with ISIN SE0007186150 2015/2019 has terminated. The Company has been in discussions with a potential buyer about a transaction where the potential buyer would have acquired the Company. The reason for the termination of the standstill period is that the negotiations with the potential

The bondholders and the majority shareholders of Func Food Group Oyj have agreed on a voluntary restructuring subject to acceptance by the contemplated buyer

9 May 2019 Reference is made to Func Food Group Oyj’s (together with its subsidiaries, the “Company”) press release made on 17 April 2017 in relation to the agreed standstill period and the discussions in relation to a potential restructuring of the Company. The Company, a group representing beneficial holders of in aggregate approximately 65% of the Company’s outstanding EUR 38,000,000 senior secured callable bond loan with ISIN SE0007186150 2015/2019 (the “Bonds”) and the Company’s majority shareholder Sentica Partners have agreed on a term sheet for a voluntary restructuring of the

Stock Exchange Release – Func Food Group’s Financial Statements 2018 have been published

Published on 29 April 2019 at 19:00 CET Func Food Group has today published its financial statements for 2018. The documents published consist of the consolidated financial statements (IFRS), the parent company financial statements (FAS), the report of the board of directors, and the auditor’s report. The documentation is available in Finnish and English on the company’s Internet site at http://www.funcfood.com/investors/. The financial statements and auditor’s report in English are also attached to this release as a PDF file. For further information, please contact: Jani Partanen,

Func Food Group Oyj – Standstill agreement with bondholder committee

Func Food Group Oyj (the "Company") has today agreed with certain bondholders (the so-called bondholder committee) (the "Committee"), representing over 60% of the adjusted nominal amount, on a standstill period (the "Standstill Period") in relation to the Company's outstanding EUR 38,000,000 senior secured callable bond loan with ISIN SE0007186150 2015/2019 (the "Bonds"). The Standstill Period will be used to discuss and evaluate a potential restructuring of the Company. The Standstill Period is conditional on certain terms and conditions and effective until the earlier of (i) 31 May

Func Food Group Oyj – Non-payment of accrued bond interest

Func Food Group Oyj (the “Company”) has issued senior secured callable bonds in the nominal amount of up to EUR 50,000,000 with ISIN SE0007186150 under the terms and conditions originally dated 25 June 2015 (as amended from time to time) (the “Terms and Conditions”). Pursuant to the Terms and Conditions, the Company is obliged to pay on 26 March 2019 the interest accrued on the bonds for the preceding interest period. However, the board of directors of the Company has today resolved that such payment cannot and will not be made on such due date. The Company intends to continue business

PRESS RELEASE – Func Food Group Q4 and Full Year 2018 Financial Report

Func Food Group has today published its Q4 2018 financial report. The report is available in English at http://www.funcfood.com/investors/?lang=en. FOURTH QUARTER 2018 · Consolidated Group revenues amounted to MEUR 7.4 (MEUR 8.9 in consolidated 2017). · Revenues decreased by MEUR 1.6 or 17,6% in comparison to 2017. · Consolidated Group EBITDA amounted to MEUR -1.0 (MEUR -1.5 in consolidated 2017). EBITDA increased by MEUR 0.6 in comparison to 2017. · EBITDA adjusted for items affecting comparability was MEUR -0.7 in 2018 and MEUR -0.7 in 2017. YEAR-TO-DATE DECEMBER 2018

Func Food Group Oyj – Approval of written procedure and amendments to the terms and conditions of the bonds

Func Food Group Oyj (the "Company") today announces the successful completion of the written procedure that was initiated 20 December 2018 in relation to the Company's outstanding up to EUR 50,000,000 senior secured callable bond loan with ISIN SE0007186150 2015/2019 (the "Bonds"), regarding certain waivers and amendments to the terms and conditions of the Bonds (the "Proposal"). A sufficient number of bondholders participated in the written procedure in order to form a quorum, and a requisite majority of the bondholders voted in favour to approve the Proposal. The amendments shall be

Func Food Group Oyj – Notice regarding cancellation of ongoing written procedure and initiation of a new written procedure

Func Food Group Oyj (the "Company") has on the date hereof given instructions to Nordic Trustee & Agency AB (publ), being the agent under its up to EUR 50,000,000 senior secured callable bond loan with ISIN SE0007186150 2015/2019 (the "Bonds") to cancel the ongoing written procedure (initiated on 10 December 2018) and to initiate a new written procedure in order to request that the bondholders vote in favour of amending the terms and conditions of the Bonds.  As previously communicated in the press release dated 10 December 2018, the owners of the Company are currently engaged in

Func Food Group Oyj – Notice to a written procedure

Func Food Group Oyj (the "Company") has on the date hereof given instructions to Nordic Trustee & Agency AB (publ), being the agent under its up to EUR 50,000,000 senior secured callable bond loan with ISIN SE0007186150 2015/2019 (the "Bonds") to initiate a written procedure in order to request that the bondholders vote in favour of amending the terms and conditions of the Bonds.  The Company is currently undergoing a portfolio rationalisation which has resulted in significant costs and thus placing a strain on revenue and liquidity in 2018. The owners of the Company are currently

Func Food Group Oyj – Changes in Management Team

Func Food Group's management team will change on 1st January 2019. Marketing Director Lisa Tagesson and Supply Chain Director Cecilia Cedervall have resigned from the Group. CCO Thorsten Brandt will take on responsibility of sales and marketing. CFO Jani Partanen will have responsibility of finance and supply chain. Group's innovation and product development will remain operational and report directly to CEO. Group management team will be as following: · CEO Robin Lybeck · CFO Jani Partanen · CCO Thorsten Brandt Changes will not affect daily operations in Finland, Sweden or

Correction: PRESS RELEASE – Func Food Group Q3 2018 Financial Report

Func Food Group has today published its Q3 2018 financial report. The report is available in English at http://www.funcfood.com/investors/?lang=en. SUMMARY Third quarter 2018 · Consolidated Group revenues amounted to MEUR 7.1 (MEUR 10.6 in consolidated 2017). · Revenues decreased by MEUR 3.5 or 32,8% in comparison to 2017. · Consolidated Group EBITDA amounted to MEUR -0.9 (MEUR 1.2 in consolidated 2017). · EBITDA decreased by MEUR 2.1 in comparison to 2017. · EBITDA adjusted for items affecting comparability was MEUR 0.2 in 2018 and MEUR 1.3 in 2017 (reduction of MEUR

PRESS RELEASE – Func Food Group Q3 2018 Financial Report

Func Food Group has today published its Q3 2018 financial report. The report is available in English at http://www.funcfood.com/investors/?lang=en. SUMMARY Third quarter 2018 · Consolidated Group revenues amounted to MEUR 7.1 (MEUR 10.6 in consolidated 2017). · Revenues decreased by MEUR 3.5 or 32,8% in comparison to 2017. · Consolidated Group EBITDA amounted to MEUR -0.9 (MEUR 1.2 in consolidated 2017). · EBITDA decreased by MEUR 2.1 in comparison to 2017. · EBITDA adjusted for items affecting comparability was MEUR 0.2 in 2018 and MEUR 1.3 in 2017 (reduction of MEUR

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