BEWI contemplates issuance of new senior secured bonds, announces tender offer of its 2021/2026 bonds, and intends to give conditional notice of early redemption

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BEWI ASA (“BEWI”) has mandated DNB Carnegie, a part of DNB Bank ASA and Nordea Bank Abp to arrange a series of credit investor meetings to explore the possibility of issuing floating rate senior secured bonds under a total framework of EUR 325,000,000, with an expected tenor of 4 years and an expected initial amount of EUR 250,000,000 (the “New Bonds”), subject to prevailing market conditions. The proceeds from the contemplated issue will be used to refinance the outstanding EUR 250,000,000 bonds issued under the 2021/2026 senior unsecured bond framework due 2026 with ISIN SE0016276398 (the “Existing Bonds”) and for general corporate purposes.

In conjunction with the potential issue of New Bonds, BEWI is offering holders of the Existing Bonds to tender any and all of their Existing Bonds for purchase by BEWI for cash (the “Tender Offer”) at the purchase price set out below, plus accrued and unpaid interest. The Existing Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 29 August 2025 (the “Tender Information Document”).

Description of the Bonds / ISIN / Outstanding Amount / Minimum Denomination / Purchase Price

2021/2026 Sr. Unsec. FRN / SE0016276398 / EUR 250,000,000 / EUR 100,000 / 101.40%

The full terms and conditions of the Tender Offer can be found in the Tender Information Document, which is available in the following link: https://bewi.com/investors/financing/

The Tender Offer expires at 12:00 CEST on 4 September 2025, unless extended, shortened, re-opened, withdrawn or terminated at the sole discretion of BEWI. Settlement of the Tender Offer is expected to occur at or around 11 September 2025 and to the extent possible on the same day as the settlement of the New Bonds, such Settlement Date to be announced as part of the New Bonds book building process. Settlement of the transactions pursuant to the Tender Offer will occur as a secondary trade via the relevant dealer manager. BEWI will, in connection with the allocation of the New Bonds, consider, among other factors, whether or not the relevant investor seeking an allocation of the New Bonds has, prior to such allocation, validly tendered Existing Bonds pursuant to the Tender Offer, subject to the terms in the Tender Information Document.

BEWI further announces that it intends to exercise its right to make a voluntary early redemption of the Existing Bonds which are not repurchased through the Tender Offer (the “Early Redemption”). The Early Redemption will be conditional upon a successful issuance of the New Bonds and receipt of proceeds. The Existing Bonds will be redeemed at a call option price of 101.380% of the nominal amount of such Existing Bonds plus accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement date of the Early Redemption, which is expected to occur on or around 25 September 2025. The redemption amount will be paid to each person who is registered as owner of Existing Bonds as of the record date, being 18 September 2025, in the debt register maintained by Euroclear Sweden. In connection with the early redemption, the Existing Bonds will be delisted from the corporate bond list of Nasdaq Stockholm. A notice of the early redemption will be sent to directly registered owners of the Existing Bonds in the debt register as of 29 August 2025.

BEWI has mandated DNB Carnegie, a part of DNB Bank ASA and Nordea Bank Abp as joint bookrunners and arrangers in respect of the issuance of the New Bonds, and as dealer managers for the Tender Offer.

Dealer managers:

DNB Carnegie, a part of DNB Bank ASA: [email protected]
Nordea Bank Abp: [email protected]

For further information, please contact:

Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756 1959
Marie Danielsson, CFO BEWI ASA, tel: +46 70 661 0047

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation solutions. The company's commitment to sustainability is integrated throughout the value chain, from production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

The information is such that BEWI ASA is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15.05 CEST on 29 August 2025