Announcement on the completion 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 and on the commencement of the Buyback programme in respect thereof

08 January 2024

Bonitron Designated Activity Company («Bonitron») announces that Eurotorg LLC («Eurotorg»), the Borrower under U.S.$300,000,000 9.00 per cent. Loan Participation Notes due 2025 (XS2243344434) issued by Bonitron (the «Notes») has completed the buyback programme for the maximum amount of U.S.$10,000,000, which was effective during the period commencing on 05.07.2023 and ending on 31.12.2023 (as extended on 07.08.2023). During this period, the Notes in the aggregate principal amount of U.S.$1,700,000 have been repurchased by Eurotorg and/or on behalf of Eurotorg.

As of 08.01.2024, the Notes in the aggregate principal amount of U.S.$83,291,000 remained outstanding, of which U.S.$54,744,000 were held by Eurotorg and/or on behalf of Eurotorg.

Bonitron also announces today that Eurotorg is commencing a new buyback programme in respect of the available Notes in the maximum amount of U.S.$10,000,000 during the period beginning on 08.01.2024 and ending on 31.12.2024. The Notes are expected to be repurchased directly by Eurotorg and/or by Eurotorg Holding PLC. The repurchased 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