HansaMatrix — Capital/Financing Update 2021

Dec 23, 2021

SEB approves financing for HansaMatrix in amount of 5.56 million EUR

HansaMatrix has signed agreements with SEB banka and SEB lizings to extend the maturity of factoring, overdraft, guarantee and reverse factoring facilities for the next annual period of one year for aggregate amount of EUR 4.56 million for working capital financing that also include export financing transactions.

In addition, SEB has approved new leasing financing limit in the amount of EUR 1 million for HansaMatrix investments in manufacturing machinery in 2022.

Jānis Sams, Chairman of the Management Board informs that HansaMatrix started cooperation with SEB group in December, 2017. The signed extensions of the financing agreements and new leasing limit is a good continuation of the successful cooperation with the bank and allow the company to speed up the circulation of working capital, to ensure sufficient financing thereof, to more successfully cope with challenges created by global electronic component deficit, to increase the manufacturing volumes and to plan investments in 2022.

Ints Krasts, Management Board member of SEB Latvia: “One of SEB's main focuses is to be alongside competitive, innovative companies that, despite the current challenges in the global economy, continue to boldly move towards their strategic goals. We are pleased that HansaMatrix has chosen us as its long-term financial partner and continue to support the company by offering the most efficient financing solutions.”

Investor and media contact:

Māris Macijevskis, CFA

Member of Management Board, Finance director

Phone: (+371) 6780 0002

E-mail: invest@hansamatrix.com

http://www.hansamatrix.com

About AS HansaMatrix

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial and other high added value business segments.