Endomines — Capital/Financing Update 2023

Nov 10, 2023

Endomines will redeem the convertible loan agreed with LDA Capital Limited, ahead of schedule - upon redemption, the conversion of the LDA convertible loan into shares will cease immediately

Endomines will redeem the convertible loan agreed with LDA Capital Limited, ahead of schedule - upon redemption, the conversion of the LDA convertible loan into shares will cease immediately

Endomines Finland Plc – Stock Exchange Release – 10.11.2023, at 14.00 EET

Endomines will redeem the convertible loan agreed with LDA Capital Limited, ahead of schedule – upon redemption, the conversion of the LDA convertible loan into shares will cease immediately

Endomines Finland Plc notifies that it will use its right to redeem the remaining convertible loan agreed on Jan 4, 2023, between Endomines Finland Plc and LDA Capital Limited, ahead of schedule. The convertible loan relates to the financing agreement between Endomines AB and LDA Capital Limited, signed on May 7, 2021. The maturity of the convertible loan is 18 months, and according to the terms of the agreement, the redemption will take place at a price corresponding to 115 % of the outstanding nominal amount.

The outstanding amount of convertible loan is EUR 250 000, and the redemption price is EUR 287 500.

For the redemption of the convertible loan, Endomines has agreed, with the company’s current owners, on a convertible loan of EUR 287 500. The maturity of the loan is 36 months, and the annual interest rate is 10 %. For the loan, the right for conversion is possible at any time after the date of drawdown of the

loan, with the following conversion price: average market price calculated of the daily closing

market prices during the applicable pricing period with a deduction of 15 per cent. Interest is payable at the end of the contract.

"The early repayment of the LDA loan will concentrate the company's funding on our long-term shareholders. It is great to see the long-term commitment of our owners to the development and growth of the company. This will bring stability to our operations" comments Kari Vyhtinen, CEO of the company.

Endomines Finland Plc

Further information

Minni Lempinen, Acting CFO

minni.lempinen@endomines.com, +358 40 769 3483

Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.