Nobia

Capital/Financing Update • Dec 23, 2024

Press release Nobia AB (publ) December 23, 2024

Successful amendments to terms and conditions for Nobia's long-term funding agreement

Nobia has, together with its financing partners, successfully amended its existing long-term funding facilities agreement, initially established in connection with Nobia's rights issue in April 2024.

The amendments will better reflect the forecasted recovery of the kitchen market and provide financial flexibility to support Nobia's strategic initiatives. This includes Nobia's investment in a world-class automated factory in Jönköping, Sweden, to provide Scandinavian designed, high quality kitchens on shorter lead times to its Nordic customers. The factory, set to become operational in 2025, will solidify Nobia's position as the leading kitchen provider in the Nordics.

Amendments include extending the current EBITDA covenant over 2025 until it is replaced with a leverage covenant from 2026, as well as adjustments to the covenant levels.

As before, the specific covenant levels will not be disclosed. The size and maturity of the funding remain unchanged, with a facility of SEK 3.45 billion with maturity on June 30, 2027.

For further information

Henrik Skogsfors, CFO +46 70 544 21 12 henrik.skogsfors@nobia.com

Tobias Norrby, Head of Investor Relations +46 706 647335 tobias.norrby@nobia.com

This information is information that Nobia is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons above, at 08:45 CET on 23 December 2024.

Nobia develops and sells kitchen solutions through a number of strong brands in Europe, including Magnet in the UK; HTH, Norema, Sigdal, Invita, Superfront and Marbodal in Scandinavia as well as Novart in Finland. Nobia generates profitability by combining economies of scale with attractive kitchen offerings. The Group has approximately 4,000 employees and net sales of about SEK 11 billion. The share is listed on Nasdaq Stockholm under the ticker NOBI.

Address: Blekholmstorget 30E Tel +46 (0)8 440 16 00 Organization number 556528-2752 SE-107 24 Stockholm, Sweden www.nobia.com Registered office Stockholm, Sweden