Crayon Group Holding — Capital/Financing Update 2019

Nov 7, 2019

Denne melding til obligasjonseierne er kun utarbeidet på engelsk. For informasjon vennligst kontakt Nordic Trustee AS.

To the bondholders in:

ISIN: NO0010789985 - FRN Crayon Group Holding AS Senior Secured Callable Bond Issue 2017/2020

Oslo, 7 November 2019

Exercise of Call Option

Nordic Trustee AS (the "Bond Trustee") acts as bond trustee for the Bondholders in the above mentioned bond issue (the "Bond Issue") where Crayon Group Holding ASA is issuer (the "Issuer"). All capitalized terms used herein shall have the meaning assigned to them in the bond terms originally dated 4 April 2017 (the "Bond Terms").

The Issuer has in a letter to the Bond Trustee on 6 November 2019 notified that the Issuer will exercise the Call Option to redeem the entire Bond Issue in accordance with clause 10.2 (Voluntary early redemption - Call Option) of the Bond Terms.

The payment will be carried out as follows:

Redemption amount:	In full
Redemption price:	100% of Nominal Amount plus accrued and unpaid interest
Record Date:	20 November 2019
Settlement Date:	22 November 2019

Yours sincerely Nordic Trustee AS

Ellen Søiland