Company announcement from SGL TransGroup International A/S

Company announcement no. 17

Acquisition opportunity funded by Subsequent Bond Issue

SGLT Group continues its strategy to assess synergetic acquisition opportunities with strategic fit at favourable terms. Currently, SGLT Group has identified an acquisition opportunity which will add to the scale of the SGLT Group, increase profitability, and should positively impact the consolidated leverage ratio of the SGLT Group.

This acquisition opportunity is likely to materialise during December 2019 or January 2020. Consequently, SGL TransGroup International A/S contemplates a Subsequent Bond Issue of up to EUR 8 million, which together with a reinvestment of existing shareholders of the target, will fund the acquisition. The contemplated acquisition, including full effect from identified synergies, is estimated to have a positive EBITDA contribution of approximately USD 2.7 million annually.

The Subsequent Issue will occur under the, and subject to, the existing Terms and Conditions for the Bond ISIN SE0013101219.

At 30 November 2019, net interest bearing debt for the SGLT Group (as measured on SGLT Holding II LP level excluding IFRS 16 leases) was USD 225.5 million.

SGL TransGroup International A/S has mandated Pareto Securities AB to act as lead manager and sole bookrunner for the contemplated Subsequent Bond Issue.

For further information, please contact:

SGL TransGroup International A/S discloses the information contained in the interim report pursuant to the EU Market Abuse Regulation (596/2014/EU) and the Swedish Securities Market Act. The information was submitted for publication by the above-mentioned persons at 21:30 (CET) on 11 December 2019.

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