Beerenberg

Beerenberg Holdco II AS - Successful placement of new senior secured bonds

Reference is made to the notification sent 2 February

2017. Beerenberg Holdco II AS ("BBERG") has

successfully completed a new senior secured bond issue

of NOK 850 million in the Nordic bond market with

maturity date expected to be 24 February 2021. The

bond issue was substantially oversubscribed. An

application will be made for the bonds to be listed on

Oslo Børs.

Net proceeds from the bond issue shall be used to

redeem the outstanding BBERG01 (NO0010713738) bond at

the current call price of 102.0% of par value plus

accrued interest. A call notice will be sent to the

bond trustee today.

Danske Bank and Pareto Securities acted as joint lead

managers for the bond issue.

For further information, please contact:

Arild Apelthun, CFO, +47 91819265

This information is subject of the disclosure

requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act or the Continuing Obligations

of Oslo Børs.

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