Notice of redemption of Stillfront Group AB (publ) up to SEK 500,000,000 Senior Secured Floating Rate Bonds

On the 29^th of October
2018 an irrevocable notice was given by Stillfront Group AB (publ) (the “Issuer”), that, pursuant to Clause 14.3
(Early Voluntary Redemption by the Issuer (Call Option)) of the terms and
conditions for the maximum SEK 500,000,000 Senior Secured Callable Floating
Rate Bonds due 2020 (the “Bonds”)
issued by the Issuer, dated as of 23 May 2017, between the Issuer and Intertrust
(Sweden) AB (the “Agent”) as Agent
(as amended, the “Terms and Conditions”), the Issuer has elected to redeem the
total aggregate nominal amount of the Bonds outstanding under the Terms and
Conditions (the “Redemption”).

The Issuer’s election to redeem the
Bonds is being given in connection with, and is conditional upon a successful
pricing in respect of a new bond issue (the “New Bond Issue”) for the purpose of refinancing the Bonds (the “Condition”) at the latest on the 30^th
of November 2018.

Please find attach the full notice of redemption from
the Issuer here.