Sunborn (Gibraltar) Limited - Initiates a written procedure

Sunborn (Gibraltar) Limited (the "Company") has instructed the agent for the Company's up to EUR 60,000,000 senior secured bonds with ISIN SE0010296632 (the "Bonds") to initiate a written procedure to request the bondholders to vote in favour of certain amendments of the terms and conditions of the Bonds, thereby, inter alia, extending the term of the Bonds, consenting a to non-cash distribution of a guarantor, as well as the bondholders' approval to waive any breaches of the financial covenants for the remainder of the tenor of the Bonds.

Details of the proposed amendments and the requested consent and waiver are set out in the written procedure notice. The agent will send the notice of written procedure to all bondholders on 8 November 2024. The record date for being eligible to vote in the written procedure is 14 November 2024 and the deadline for voting is 3.00 p.m. (CEST) 4 December 2024. The written procedure may, however, be concluded before the expiry of the voting deadline if a requisite majority has accepted the requests.

The notice to the written procedure is available on the Company's website (www.sunborn.com/press) and on Stamdata (www.stamdata.com).

For further information, please contact:

Hans Niemi, CEO
Telephone: +358 (0)24454513
Email: hans.niemi@sunborn.com