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Notice of written procedure for senior secured notes issued by Mobylife Holding A/S

31 October 2016

Mobylife Holding A/S has requested that the noteholders of its senior secured notes with ISIN SE0005936382 approve a proposal for amendments to the notesand provide certain waivers in respect of a corporate reorganisation of the Group

Intertrust (Sweden) AB (the “Agent”), acting in its capacity as agent for the holders of the notes under the terms and conditions of the notes, has at the request of the Issuer on 31 October 2016 initiated a written procedure by which noteholders can approve or reject a request made by the issuer. The request includes the approval of certain amendments to the terms and conditions and certain waivers relating to a proposed corporate reorganisation of the Group.

The request contains a number of proposed amendments to the terms and conditions including but not limited to: an extension of the final maturity date; a reduction of the nominal amount of each note; the replacement of the existing leverage covenant with an interest coverage covenant; an amendment to the redemption price of the notes to 120% of the nominal amount; the removal of the ability to make dividend payments or issue further notes; and the ability to incur an additional shareholder loan, as well as the waiver of certain covenants required to carry out the proposed reorganisation of the group.

For further details of the request and the background and rationale relating thereto, please see the Notice of Written Procedure and the presentation attached here Mobylife – Final Notice for Written Procedure_31_10.

Voting forms must be received by the agent no later than 24 November 2016.

To be eligible to participate in the written procedure a noteholder must fulfill the formal requirements of being a noteholder (as defined in the terms and conditions of the notes) on 4 November 2016.

The outcome in the written procedure will be notified by Mobylife Holding A/S promptly following the expiry thereof by way of press release, publication on the webpage and and by notice to the noteholders. Such notification will specify the relevant dates for the implementation of the amendments, provided that the request is approved.

The formal notice for the written procedure has been sent by ordinary mail to direct registered noteholders and registered authorised nominees in accordance with the terms and conditions of the notes.

For further information:

The Agent:

Intertrust (Sweden) AB

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

The Issuer:

Mobylife Holding A/S

Jakob Kraglund, CEO
Email: [email protected]
Tel: +45 2392 3724

Martin Nyberg, CFO
Email: [email protected]
Tel: +45 2929 8200

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