YrkesAkademin initiates a written procedure under its outstanding bond loan

As announced earlier today, YA Holding AB (publ) (“YA” or the “Company”) has reached an agreement with a group of bondholders (the “Committee”) under the Company’s senior secured social sustainability-linked bonds in an amount of SEK 480 million within a framework of SEK 650 million with ISIN SE0016831150 (the “Bonds”) regarding certain amendments to terms and conditions of the Bonds (the “Terms and Conditions”) for the purpose of improving the Company’s liquidity situation. The key amendments of the Terms and Conditions as agreed with the Committee are set out in the Company’s press from earlier today (the “Amendment Proposal”).

YA announces that the Company has today initiated a written procedure (the “Written Procedure”) under the Terms and Conditions for the purpose of obtaining the bondholders formal approval to amend the Terms and Conditions in accordance with the Amendment Proposal.

The Company has today instructed Nordic Trustee & Agency AB (publ) (the “Agent”), in its capacity as agent under the Bonds, to send a notice of Written Procedure including voting instructions to the direct registered owners and registered authorised nominees of the Bonds in the Company’s debt ledger held with Euroclear Sweden as per 6 February 2023. The notice of Written Procedure is available on the Company’s website and on the Agent’s website.

The outcome of the Written Procedure will be announced by way of press release in connection with the termination of the Written Procedure. The voting record date is 14 February 2023 and the last day for voting in the Written Procedure is 24 February 2023. The Written Procedure may however be terminated before the expiry of the time period for replies if a requisite majority has been obtained prior thereto.

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

Gernandt & Danielsson Advokatbyrå KB has been retained as legal counsel in connection with the above.

For further information, please contact:

CEO

YA Holding AB (publ)

Att. Martin Modig

Tel.: +46 (0) 72 369 66 80

E-post: martin.modig@ya.se

CFO

YA Holding AB (publ)

Att. Antti Rokala

Tel.: +46 (0) 76 899 49 73

E-post: antti.rokala@ya.se