Notice for bondholders’ meetings in Bayport by way of procedures in writing

Reference is made to the SEK 700 million bond loan with ISIN SE0004649713 issued on June 12, 2012, and the SEK 800 million bond loan with ISIN SE0005393477 issued on September 23, 2013, by Bayport Management Ltd.

In accordance with the terms and conditions for these bond loans at the request of Bayport Management Ltd, Intertrust CN (Sweden) AB (previously CorpNordic Sweden AB) acting in its capacity as agent for the bondholders has today summoned to two bondholders’ meetings by way of procedures in writing, with the purpose of approving (1) a bond merger whereby the bond loan issued in 2013 is merged into the bond loan issued in 2012 and (2) an alignment of the terms and conditions for the bond loan issued in 2012 (i.e., the combined bond loan after the proposed bond merger) with the terms and conditions for the maximum SEK 1.5 billion bond loan with ISIN SE0007577358 issued by the company on October 23, 2015.

Voting forms must be received by the agent no later than at 17:00 CET on 15 April 2016. To be eligible to participate in the bondholders’ meeting by way of precedures in writing, a person must be registered on a Securities Account with Euroclear Sweden as a direct registered owner (direktregistrerad ägare) or be registered as an authorised nominee (förvaltare) with respect to one or several bonds on 8 April 2016 (the “Voting Record Date”).

The formal notice of the meeting has been sent by ordinary mail to direct registered bondholders and registered authorized nominees in accordance with the terms and conditions of the bond loans.

A copy of the notices with more information on the bondholders’ meetings by way of procedures in writing and how to participate can be downloaded here:

• Request for procedure in writing – Bond 2012_2017 – ISIN SE0004649713
• Appendix 1 (a) to procedure in writing 2012_2017 – ISIN SE0004649713
• Appendix 1 (b) to procedure in writing 2012_2017 – ISIN SE0004649713
• Request for procedure in writing – Bond 2013_2017 – ISIN SE0005393477
• Appendix 1 (a) to procedure in writing 2013_2017 – ISIN SE0005393477
• Appendix 1 (b) to procedure in writing 2013_2017 – ISIN SE0005393477

The outcome of the written procedures will be announced through a press release on or about 18 April, 2016, after the time for replies has expired. Depending on the outcome, that press release will also contain further information regarding the implementation of the bond merger and the alignment of the terms and conditions.

Please direct any questions that you may have:

In relation to the voting procedure, to the Agent:

Intertrust CN (Sweden) AB

Contact: Anna Litewka
Telephone: +46 8 402 72 11
Email: [email protected]

In relation to the requests from Bayport Management Ltd

Bayport Management Ltd

Contact: David Rajak, Capital Markets Executive
Telephone: +27 11 236 7300
Email: [email protected]