Crayon Group Holding — Capital/Financing Update 2024

Mar 21, 2024

Crayon Group Holding ASA - Successfully completed new senior unsecured bond issue and notice of exercise of call option

Crayon Group Holding ASA - Successfully completed new senior unsecured bond issue and notice of exercise of call option

March 21, 2024 – Crayon Group Holding ASA (“Crayon”) has successfully completed a new 4-year senior unsecured bond issue with an initial issue amount of NOK 1,200 million. The bonds will carry an interest rate of 3m NIBOR plus a margin of 2.75% and the issue date is expected to be 8 April 2024. An application will be made for the bonds to be listed on Oslo Stock Exchange.

Concurrently with the new bond issue, Crayon has repurchased bonds for approximately NOK 700 million in the outstanding 2021/2025 senior unsecured bonds with ISIN NO0011045478 (“Existing Bonds”).

Crayon has furthermore notified Nordic Trustee AS today of the exercise of its call option for the remaining outstanding Existing Bonds with original maturity date 15 July 2025, and each Bondholder is hereby given notice thereof.

The exercise of the call option is conditional upon certain conditions as set out in the call option notice being satisfied no later than 8 April 2024.

Subject to satisfaction of the aforementioned conditions, the remaining Existing Bonds will in accordance with the bond terms of such bonds be repaid at 101.481% of the Nominal Amount (plus accrued and unpaid interest on the redeemed amount). Settlement is expected to be 11 April 2024.

For information relating to the exercise of the call option, reference is made to the attached call option notice.

Danske Bank and Pareto Securities acted as Joint Lead Managers.

For further information, please contact:

Kjell Arne Hansen, Head of Investor Relations

IR@crayon.com

+47 950 40 372

About Crayon: Crayon is a customer-centric innovation and IT services company with over 4,000 team members across 46 countries. We optimize businesses’ IT estate to help them innovate with expertise they can trust. Our services create value for companies.