Initiation of a written procedure

SGL International A/S (the "Company") has instructed the agent for the Company's up to EUR 40,000,000 subordinated unsecured pik interest rate bonds with ISIN SE0016797625 (the "Bonds") to initiate a written procedure to request that bondholders vote in favour of a mandatory exchange of Bonds for new bonds that will be issued with Verdipapirsentralen ASA as central securities depository and registrar on terms and conditions that will otherwise mirror the terms and conditions of the Bonds.

The notice to the written procedure is available on the Company's website (www.scangl.com) and on the agent's website (www.intertrustgroup.com/our-services/capital-markets-services/bond-news/).

For further information, please contact:  Claes Brønsgaard Pedersen, Global CFO, ir@scangl.com | (+45) 32 48 00 00

This information is information that SGL International A/S 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 17.30 CET on 24 January 2022.