Normet has signed a four-year financing agreement

Espoo, 4 January 2019 - On December 21, 2013, Normet has signed a four-year EUR 115 million financing agreement with OP Corporate Bank plc and Nordea Bank ABP.

The agreement replaces the earlier long term financing agreements that would have expired later in 2019. Funds will be used to repay previous loans and to support the Group's overall financing needs and growth strategy for coming years. The loans include standard covenants for equity ratio and leverage ratio.

"I am pleased with the trust in our performance and long term growth plans that our financiers have showed. With this long-term financing agreement, we can confidently work to meet our growth objectives, ”says Robin Lindahl, CEO of Normet Group.

For more information, please contact:

Robin Lindahl,

President and CEO, Normet Group

e-mail: robin.lindahl@normet.com

tel.: +358 50 5959616

Ville Pasanen

CFO, Normet Group

e-mail: ville.pasanen@normet.com

tel.: +358 40 5558 555

Normet is an innovative, fast growing technology company. We are underground experts driven by continuous improvement and care for environment. We offer complete technical solutions increasing our customers’ profitability through improved safety, cost savings and shortened process cycle.

Normet has a broad offering for underground mining and tunnelling: equipment, construction chemicals, rock reinforcement products and services. Normet currently employs over 1200 business professionals and the net sales in 2017 was over 250 million Euro. Normet is a Finnish company operating globally with over 50 locations in 30 countries. For more information, visit www.normet.com