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 (the “Bondholder Committee”), has confirmed to the Company that the Bondholder Committee will not ask or instruct the Agent under the Bonds to take any action due to the maturity of the Bonds and the non-payment for as long as, in the discretionary opinion of the Bondholder Committee, the discussions referred to above is ongoing and there is still potential for a voluntary Restructuring. The Bondholder Committee has preserved all their rights under the Bonds and clarified that the confirmation does not mean that any of the bondholders’ rights under the Bonds are waived.

For information, please contact:

Robin Lybeck; CEO, Func Food Group Oyj,
Telephone: +358 40 735 2464
Email: robin.lybeck@funcfood.com

Jani Partanen, CFO, Func Food Group Oyj
Telephone: +358 40 518 3076
Email: jani.partanen@funcfood.com

This information is information that Func Food Group Oyj 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 above, at 15:00 CET on 27 June 2019.