Bewi Invest AS

Capital/Financing Update • Sep 5, 2025

BEWI successfully issues new bonds and announces the result of the tender offer of its 2021/2026 bonds

BEWI successfully issues new bonds and announces the result of the tender offer of its 2021/2026 bonds

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IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) (THE

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BEWI ASA (the "Company" or "BEWI") has successfully issued new senior secured

floating rate bonds (the "New Bonds") in an initial amount of EUR 250 million

and announces the results of the tender offer (the "Tender Offer") to the

holders of BEWI's existing bonds issued under the 2021/2026 senior unsecured

bond framework due 2026 with ISIN SE0016276398 with an outstanding amount of EUR

250 million (the "Outstanding Bonds"). The Tender Offer expired at 14:30 CEST on

5 September 2025. Holders of the Outstanding Bonds have in connection with the

Tender Offer accepted to tender Outstanding Bonds corresponding to a total

nominal amount of EUR 154.75 million. BEWI will complete the Tender Offer and

tender the Outstanding Bonds accepted under the Tender Offer. Settlement for the

New Bonds and for the Tender Offer is expected to occur on 12 September 2025.

The Tender Offer was made on the terms and subject to the conditions set out in

a tender information document dated 29 August 2025 (the "Tender Information

Document").

The New Bonds were issued under a total framework of EUR 325 million, carries a

floating interest rate of 3m Euribor + 400 basis points and will mature in

September 2029. BEWI intends to apply for admission to trading of the New Bonds

on the corporate bond list of Nasdaq Stockholm.

The Tender Information Document and the notice of early redemption are available

on the following link: https://bewi.com/investors/financing/.

In accordance with BEWI's conditional notice of early redemption of the

Outstanding Bonds published on 1 September 2025, BEWI intends, subject to the

conditions therein being fulfilled, to exercise its right of early redemption.

Upon such early redemption, the Outstanding Bonds will be repurchased at a price

corresponding to 101.380 percent of the nominal amount plus accrued and unpaid

interest from each person who is registered as owner of Outstanding Bonds as of

the record date, being 18 September 2025, and the settlement date for the early

redemption is expected to occur on 25 September 2025.

DNB Carnegie, a part of DNB Bank ASA and Nordea Bank Abp have acted as arrangers

and joint bookrunners in respect of the issuance of the New Bonds and as dealer

managers for the Tender Offer. Mannheimer Swartling has acted as legal advisor

to the joint bookrunners and the dealer managers and Cirio has acted as legal

advisor to the Company.

For further information, please contact:

Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756

1959

Marie Danielsson, CFO BEWI ASA, tel: +46 70 661 0047

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation

solutions. The company's commitment to sustainability is integrated throughout

the value chain, from production of raw materials and end goods, to recycling of

used products. With a vision to protect people and goods for a better every day,

BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

The information is such that BEWI ASA is required to disclose in accordance with

the EU Market Abuse Regulation. The information was submitted for publication,

through the agency of the contact person set out above, at 16:15 CEST on 5

September 2025.