Notice of Change of Control and Repurchase Offer for bonds issued by LeoVegas AB (publ)

All capitalised terms used herein and not otherwise defined in this Notice shall have the meaning assigned to them in the Terms and Conditions.

As announced by MGM Resorts International by way of a press release on 31 August 2022, MGM Casino Next Lion, LLC, a wholly owned indirect subsidiary of MGM Resorts International, has as of 7 September 2022 acquired approximately 96 per cent of all shares in LeoVegas. The acquisition constitutes a Change of Control Event under the Terms and Conditions and LeoVegas has today sent a notice regarding the Change of Control Event to directly registered bondholders and the agent Intertrust (Sweden) AB.

The Change of Control Event provides each bondholder with a right (but not an obligation) to, within 60 calendar days, request that Leovegas repurchases all, or some only, of its Bonds at a price equal to 101.00 per cent of the nominal amount together with accrued but unpaid interest.

The abovementioned notice to the bondholders and the agent and further information regarding the terms and conditions for the repurchase offer and is available at company’s website, www.leovegasgroup.com under Investor Relations.

The Issuer has appointed Swedbank AB (publ) to act as paying agent in connection with the repurchase offer.

A Bondholder who wishes to have its Bonds repurchased in the Repurchase Offer shall complete and sign a repurchase application form.

A signed repurchase application form needs to be received by the Paying Agent no later than 12:00 CET on 14 November 2022.

Settlement of the Repurchase Offer is expected to occur on 22 November 2022.

Owners of Bonds who do not accept the repurchase offer, or has not validly exercised the put option, will continue to own their Bonds.