North Investment Group AB (publ) initiates written procedure to amend the terms and conditions of its outstanding bonds

4 April 2024 – North Investment Group AB (publ) (the “Company”) announces that it is launching a written procedure (the “Written Procedure”) to the holders of its SEK 285,000,000 Senior Secured Floating Rate Bonds with ISIN SE0015938493 (the “Bonds”) to request the bondholders’ consent to certain amendments to the terms and conditions of the Bonds dated 29 April 2021 (the “Bond Terms”) as set out in the notice of written procedure dated 4 April 2024 (the “Notice of Written Procedure”). The information in this announcement is subject to and qualified by the Notice of Written Procedure.

Capitalised terms used but not defined are used with the meanings given to them in the Bond Terms or the Notice of Written Procedure, as the case may be.

Nordic Trustee & Agency AB (publ) acts as agent and security agent (the “Agent”) for the Bonds and has been instructed to send the Notice of Written Procedure to holders directly registered as of 3 April 2024 in the debt register (Sw. skuldbok) kept by the CSD. The record date for being eligible to vote is on 9 April 2024 and the deadline for voting is at 12:00 CEST on 30 April 2024. For further information on the voting rights and procedure, please see section 5 (Written Procedure) in the Notice of Written Procedure published on both the Company’s and the Agent’s website.

As set out in the Notice of Written Procedure, the Issuer has requested the Agent to initiate the Written Procedure where the bondholders agree to certain amendments to the terms of the Bonds (the “Amendments”).

Please see the Notice of Written Procedure attached hereto or on the Agent’s website for a description of the Amendments.

For further questions to the Agent, regarding the administration of the Written Procedure, please contact the Agent at voting.sweden@nordictrustee.com or +46 8 783 79 00.

For further questions to the Company please contact: Tore Knut Skedsmo (CFO) Mob: +47 952 25 306, E-mail: tore.skedsmo@sono.no.