Catella

Capital/Financing Update • Mar 2, 2021

Catella AB (publ) (the "Catella") hereby announces that Catella's up to SEK 750,000,000 senior unsecured callable floating rate bonds with ISIN SE0009994718 (the "Bonds"), will be redeemed in advance in accordance with Clause 9.3 (Voluntary total redemption (call option)) of the terms and conditions of the Bonds.

The redemption date will be 26 March 2021. The redemption amount for each Bond shall be 101.20 per cent. of the Nominal Amount, plus accrued but unpaid Interest up to (and including) the applicable redemption date. The redemption amount will be paid to the Bondholders holding Bonds on the applicable record date (being 19 March 2021).

Catella's obligation to redeem the Bonds on the redemption date is conditional upon that Catella, prior to the applicable record date, issue senior unsecured floating rate bonds on terms that are acceptable for Catella (the "New Bonds") and fulfilling the conditions precedent for disbursement of the net proceeds from the issue of the New Bonds, which are, among other things, to be applied towards financing the redemption of the Bonds.

The Bonds will be de-listed from the corporate bond list of Nasdaq Stockholm in connection with the redemption date and the last day of trade will be the date falling on or about 26 March 2021.

Attachment: Call Option Notice (in English).

This information is information that Catella is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish securities markets act (2007:528). The information was submitted for publication, through the agency of the contact person set out above on 2 March 2021, at 9.01 a.m. CET.

Call Option Notice

From: Catella AB (publ) ("Catella")

To: Intertrust (Sweden) AB (the "Agent")

Holders of Catella's senior unsecured callable floating rate bonds with ISIN SE0009994718 (the "Bonds")

Dated: 2 March 2021

Dear Sirs/Madams,

We refer to the terms and conditions of the Bonds (the "Terms and Conditions"). Terms defined in the Terms and Conditions have the same meaning in this notice unless given a different meaning herein.

We hereby give you notice that Catella will exercise its right to redeem all outstanding Bonds in full on 26 March 2021 (the "Early Redemption Date"), in accordance with Clause 9.3 (Voluntary total redemption (call option)) of the Terms and Conditions.

The redemption amount for each Bond shall be the applicable call option amount (being 101.20 per cent. of the Nominal Amount), plus accrued but unpaid Interest up to (and including) the Early Redemption Date, and the redemption amount will be paid to the Bondholders holding Bonds on the applicable Record Date (being 19 March 2021).

Catella's obligation to redeem any of the Bonds on the Early Redemption Date is conditional upon that Catella, prior to the applicable Record Date, issue senior unsecured floating rate bonds on terms that are acceptable for Catella (the "New Bonds") and fulfilling the conditions precedent for disbursement of the net proceeds from the issue of the New Bonds, which are, among other things, to be applied towards financing the redemption of the Bonds (the "Financing Condition"). The redemption of the Bonds as described herein, and the giving of this notice, is subject to and conditional upon the satisfaction of the Financing Condition, and Catella shall not, and shall have no obligation to, redeem the Bonds pursuant to this notice unless the Financing Condition has been satisfied prior to the Record Date.

Catella shall inform the Agent and the Bondholders by way of press release at least one (1) Business Day prior to the Record Date if the Financing Condition is, or will not be, satisfied or waived by Catella. If the Financing Condition is not satisfied or waived by Catella on or prior to the Record Date, the Bonds will remain outstanding and interest will continue to accrue in accordance with the Terms and Conditions.

The Bonds will be de-listed from the corporate bond list of Nasdaq Stockholm in connection with the Early Redemption Date and the last day of trading will occur on or about 26 March 2021.

This notice is irrevocable (but is for the avoidance of doubt conditional upon the Financing Condition being met) and shall be governed by Swedish law.

Yours faithfully

Catella AB (publ)