DistIT AB — Capital/Financing Update 2021

May 10, 2021

Press Release

10 May 2021 18:00:00 CEST

DIST IT

DistIT successfully issues senior unsecured bonds of SEK 300 million, under a framework of SEK 800 million

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DistIT AB (publ) ("DistIT" or the "Company") has successfully issued senior unsecured bonds in a total initial amount of SEK 300 million, under a framework of SEK 800 million (the "New Bonds"). The New Bonds have a tenor of four years and a floating interest rate of STIBOR three months plus 450bps. DistIT intends to apply for listing of the New Bonds on Nasdaq Stockholm.

In connection with the issue of the New Bonds, the Company will repurchase and cancel a total of SEK 100 million of its existing senior unsecured bonds maturing on 14 May 2022 (ISIN: SE0011166842) (the "Existing Bonds") at a price of 100.75 percent of the nominal amount of the Existing Bonds. The Company will also cancel the Existing Bonds held by the Company. The remaining outstanding amount of the Existing Bonds, SEK 66 million, will be redeemed by the Company in accordance with the terms and conditions of the Existing Bonds. Additional information about the early redemption of the Existing Bonds will be announced in a separate press release.

The successful issue clearly marks DistITs strong position in the market, its organisational progress and its long-term potential. The issue results in significantly better terms and will give the Company a financial structure in line with its growth strategy.

ABG Sundal Collier AB acted as financial adviser in the transaction and Gernandt & Danielsson Advokatbyrå KB acted as the Company's legal counsel.

DistIT AB • Glasfibergatan 8 • SE-125 45 Älvsjö

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DistIT AB • Glasfibergatan 8 • SE-125 45 Älvsjö

Contacts:

Robert Rosenzweig, CEO DistIT AB
Phone: +46 70 768 50 42
Email: robert.rosenzweig@distit.se

Philip Gunnarsson, CFO DistIT AB
Phone: +46 73 086 96 82
Email: philip.gunnarsson@distit.se

About DistIT AB

DistIT acquires, owns and develops niche distributors of IT, mobility, consumer electronics, networking and data communications products in Europe. Companies within the DistIT Group deliver B2B as well as B2C products to the IT markets in Europe. The DistIT stock is listed on the Nasdaq First North Premier exchange and DistIT's Certified Adviser is Erik Penser Bank AB, e-mail certifiedadviser@penser.se, phone +46 8 463 83 00.

This information is information that DistIT is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-05-10 18:00 CEST.

Attachments

DistIT successfully issues senior unsecured bonds of SEK 300 million, under a framework of SEK 800 million