Catella — Capital/Financing Update 2019

Sep 23, 2019

Catella will write down two loan portfolios during the third quarter of 2019 amounting to approximately SEK 82 M

During the third quarter of 2019, Catella will write down two loan portfolios, Lusitano 3 and Lusitano 5. The write-down is due to the issuing bank having exercised its option ("Time call") to repurchase the loan portfolio Lusitano 3, which is written down with approximately SEK 51 M. In view of the above, the assumptions for Lusitano 5 has been changed. Lusitano 5 may be repurchased during the second quarter of 2021. This negatively affects its forecasted cash flow and is therefore written down with approximately SEK 31 M.

The background to the repurchase is related to changed conditions for the issuing bank. Previous cash flow forecasts, carried out by external advisor, included assumptions that the issuing bank would not exercise its option to repurchase the loan portfolio.

The repurchase mechanism in Lusitano 3 and Lusitano 5 which entails this write-down does not exist in Catella's two other loan portfolios, Pastor 2 and Pastor 4.

For more information, please contact: Knut Pedersen Niklas Bommelin President and CEO Investor Relations +46 8 463 33 10 +46 8 463 34 26, +46 768 91 12 40 knut.pedersen@catella.se niklas.bommelin@catella.se

This is information that Catella AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 5.25 p.m. CET on September 23, 2019.