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Notice of Second Written Procedure for the senior secured bonds due 2019 issued by Filago Prosjekt Holding 1 AS (the “Issuer”) on 29 September 2017 (the “Bonds”).

11 July 2019

On 20 June 2019, Intertrust (Norway) AS (the “Trustee”) initiated a written procedure (the “First Written Procedure“). The First Written Procedure, which ended 12.00 (CET) on 10 July 2019 did not meet the quorum requirement set out in Clause 20.10 of the Terms and Conditions. Therefore the Trustee, acting in its capacity as Trustee for the Bondholders under the Terms and Conditions, initiated a second written procedure on 11 July 2019 whereby the Bondholders can approve or reject a proposal for certain waivers under the Terms and Conditions.

For further details of the request and the background and rationale relating thereto, please see the full notice of the second written procedure which can be downloaded as per below:

Voting forms must be received by the agent no later than 12:00 CET on 1 August 2019. To be eligible to participate in the second written procedure a bondholder must fulfil the formal requirements of being a Bondholder (as defined in the Terms and Conditions) on 11 July 2019.

The formal notice for the second written procedure has been sent to bondholders registered at VPS in accordance with the Terms and Conditions.

For further information, please contact:

To the Trustee:

Intertrust (Norway) AS, Peter Drachmann, 400 22 444

To the Issuer:

Filago Prosjekt Holding 1 AS, Helge Lund-Roland, +47 902 59 694

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