YrkesAkademin initiates a written procedure under its outstanding bond loan and discloses certain estimates of the group’s financial development

As previously announced on 13 September 2022, YA Holding AB (publ) (“YA” or the “Company”) has reached an agreement with a majority of the bondholders 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 strained liquidity situation. The key amendments of the Terms and Conditions as agreed with a majority of the bondholders are set out in the Company’s press release 13 September 2022 (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 14 September 2022. 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 21 September 2022 and the last day for voting in the Written Procedure is 4 October 2022. 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.

In connection with the announcement of the Written Procedure, the Company also discloses certain estimates of the group’s financial development for the remainder of 2022 and for the full year 2023. The Company estimates that the group’s revenue for 2022 will be approximately SEK 867 million with an EBIT of minus approximately SEK 71 million (excluding approximately SEK 8 million one-off costs). For the full year 2023 the Company estimates that its revenue will be approximately SEK 1,044 million with an EBIT of approximately SEK 61 million (SEK 0 one-off costs). These figures are the Company’s estimates based on certain assumptions such as that participation volumes for the Swedish Employment Agency’s labour market training courses and matching services increases during the fall of 2022 and 2023. The figures have not been audited or reviewed by the Company’s auditors. Final outcome of revenue and EBIT for 2022 and 2023 may materially deviate from the Company’s estimates.

Carnegie Investment Bank AB (publ) has been retained by YA as advisor in connection with the aforesaid. Gernandt & Danielsson Advokatbyrå KB has been retained as legal counsel.

This disclosure contains information that YA Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 15-09-2022 14:36 CET.

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