Beerenberg — Capital/Financing Update 2023

Jun 22, 2023

Beerenberg AS - Commitment for a new NOK 600 million Term Loan with SpareBank 1 SR-Bank

Beerenberg AS - Commitment for a new NOK 600 million Term Loan with SpareBank 1 SR-Bank

Reference is made to the stock exchange announcement dated 10 March 2023 regarding a contemplated refinancing of the existing senior secured bond issue with ticker BBERG03 with ISIN NO 0010904782 (the "BBERG03 Bonds").

Following constructive dialogue with SpareBank 1 SR-Bank, Beerenberg is pleased to announce that the Company has secured commitment for a new NOK 600 million Term Loan with SpareBank 1 SR-Bank. The term loan together with cash on balance sheet will be used to refinance the BBERG03 Bonds and as part thereof, the Company intends to call the remaining outstanding BBERG03 Bonds in connection with closing of the new financing.

Completion of the refinancing is subject to final documentation. The Company will revert with further details on timing for the redemption of the BBERG03 Bonds.

For further information, please contact:

Harald Haldorsen, CFO, +47 982 34 834

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.