Announcement on the commencement of the buyback programme in respect of the U.S.$300,000,000 9.00 per cent. Loan Participation Notes due 2025 issued by Bonitron Designated Activity Company

19 January 2023

Bonitron Designated Activity Company («Bonitron») announces that Eurotorg LLC («Eurotorg») the Borrower under the U.S.$300,000,000 9.00 per cent. Loan Participation Notes due 2025 (XS2243344434) (whereof U.S.$111,020,000 remain outstanding, of which U.S.$53,044,000 are held by Eurotorg) issued by Bonitron (the «Notes»), is commencing a buyback programme in respect of the available Notes in the maximum amount of U.S.$20,000,000 during the period beginning on 20.01.2023 and ending on 30.06.2023. The Notes are expected to be repurchased directly by Eurotorg and/or by Eurotorg Holding PLC. The purchased Notes will be cancelled or held in treasury

This announcement may contain inside information as defined in Article 7 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the «Market Abuse Regulation») and is disclosed in accordance with the Bonitron's obligations under Article 17 of the Market Abuse Regulation.

For further details, please contact:

Chief Investment Officer, Eurotorg LLC