Kojamo announces indicative results of tender offers for its outstanding notes due 2024 and 2025

Stock Exchange Release 22 June 2023 9:30 a.m. EEST

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Kojamo announces indicative results of tender offers for its outstanding notes due 2024 and 2025

Kojamo plc (the Company) announces today indicative results of its invitation to holders of its outstanding EUR 500,000,000 1.500 per cent. notes due 2024 (XS1628004779) and EUR 500,000,000 1.625 per cent. notes due 2025 (XS1785356251) (together, the Notes) to tender their Notes for purchase by the Company for cash in an aggregate nominal amount of up to the Maximum Acceptance Amount (such amount being subject to the right of the Company to increase or decrease it in its sole discretion) (each, an Offer and together, the Offers).

The Offers were announced on 15 June 2023 and were made on terms and subject to the conditions contained in the tender offer memorandum dated 15 June 2023 (the Tender Offer Memorandum).  Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

The Company announces that the indicative results of the Offers are as follows:

The Company also announces that the Final Acceptance Amount is expected to be set at EUR 150,000,000 in aggregate nominal amount of Notes.

The Company will as soon as reasonably practicable after the Pricing Time (as defined below) announce whether it will accept valid tenders of Notes pursuant to the Offers and, if so accepted, in respect of each Series for purchase, (i) the aggregate nominal amount of Notes of each Series accepted for purchase; (ii) each Purchase Yield; (iii) each Interpolated Mid-Swap Rate; (iv) each Purchase Price; (v) any applicable Scaling Factors; (vi) the Settlement Date; (vii) Accrued Interest Payment payable in respect of each Series; and (viii) the nominal amount of Notes of each Series that will remain outstanding after the Settlement Date (if any).

The Offers remain subject to the conditions and restrictions set out in the Tender Offer Memorandum. The Company is not under any obligation to accept any tender of Notes for purchase pursuant to either Offer.  Tenders of Notes for purchase may be rejected in the sole and absolute discretion of the Company for any reason and the Company is not under any obligation to Noteholders to furnish any reason or justification for refusing to accept a tender of Notes for purchase.  In addition, the Company may, in its sole discretion, extend, re-open, amend or waive any condition of or terminate any Offer at any time (subject to applicable law and as provided in the Tender Offer Memorandum).

The Purchase Yield and Purchase Price in relation to each Series of Notes is expected to be determined at or around 1:00 p.m. (CEST) (the Pricing Time) today in the manner described in the Tender Offer Memorandum.

The expected Tender Offer Settlement Date is 27 June 2023.

For more information, please contact

Erik Hjelt, CFO, Kojamo plc, tel. +358 20 508 3225

Niina Saarto, Director, Treasury & Investor Relations, Kojamo plc, tel. +358 20 508 3283

Kojamo is Finland’s largest private residential real estate company and one of the biggest investors in Finland. Our mission is to create better urban housing. Lumo offers environmentally friendly housing and services for the city dweller who appreciates quality and effortlessness. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be the property market frontrunner and the number one choice for our customers. Kojamo’s shares are listed on the official list of Nasdaq Helsinki. For more information, please visit https://kojamo.fi/en/