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Notice of interest payment for bonds issued by CPHI-Holding A/S

15 June 2020

To holders of the up to DKK 100,000,000 Senior Secured Fixed Rate Bonds due 2022 with ISIN SE0013486024 and SE0013486032 (the “Bonds”) issued by CPHI-Holding A/S (the “Issuer”) on 21 February 2020.

As communicated on 2 June 2020, the Issuer has failed to pay the Interest due 21 May 2020. The failure was related to that the Issuer’s bank accounts registered with Euroclear were blocked which made it impossible for Euroclear to swipe the Interest from the accounts. The Issuer has now set up new bank accounts and registered these with Euroclear.

The interest payment that should have been paid 21 May 2020 will be paid 17 June 2020. The stipulated default interest will be paid on 23 June 2020.

The non-payment of the Interest constitutes an Event of Default and the Issuer has not been able to remedy it within five Business Days of the due date. The Agent shall, within twenty Business Days of the date on which the Agent received actual knowledge of that an Event of Default has occurred and is continuing, decide if the Bonds shall be accelerated. If the Agent decides not to accelerate the Bonds, the Agent shall promptly seek instructions form the bondholders in accordance with clause 16 of the Terms and Conditions (Decisions by Bondholders).

As the Issuer has informed that the interest will be paid on 17 June 2020, the Agent has decided to temporarily not take any further actions. Any request from Bondholders representing at least ten (10) per cent of the Adjusted Nominal Amount will be dealt by way of a written procedure.

If you have any questions, please do not hesitate to contact the Agent.

The Agent:

Intertrust (Sweden) AB
Beatrice Gustafsson
Tel: +46 70 141 10 82

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