Impala Bondco plc – initiates a Written Procedure

Nottingham, 15 September 2025 – Impala Bondco Plc (the “Issuer” and together with its subsidiaries the “Group“) has instructed the agent for the Issuer’s up to SEK 500,000,000 senior secured bonds with ISIN NO0011117145 (the “Bonds“) to initiate a written procedure to request the holders of the Bonds to vote in favour of a waiver as further specified in the notice of written procedure.

The Issuer has engaged certain holders of the Bonds and has reached an agreement with, and received voting undertakings from, bondholders representing approximately 72 per cent. of the outstanding nominal amount under the Bonds (the "Relevant Bondholders") to vote in favour of the request and is thus expecting that the written procedure will be approved.

The Issuer has evaluated a divestment of its non-core business in order to refocus the business on the core offering of its K12 business, as well as provide liquidity required to potentially generate growth in the core business. To that end, the Issuer is evaluating to sell the Group's remote access business by divesting the shares and/or assets related to Netop, including shares in Impero Holding Denmark A/S, its direct and indirect subsidiaries being Netop Solutions A/S, Netop Business Solutions A/S, Netop Tech Inc, Netop Tech Development Center Srl and Netop Tech SRL (the "Netop Group") to an external buyer (which may, or may not, consist of a direct or indirect shareholder of the Issuer and/or an affiliate thereof). The divestment of the Netop Group (for the avoidance of doubt, including, but not limited to, a divestment to a direct or indirect shareholder of the Issuer and/or an affiliate thereof) is hereinafter referred to as the "Transaction".

The waiver set out in the notice of the written procedure includes (but is not limited to): (i) waive the condition set out in clause 13.7 (Disposal of Assets) in relation to the Transaction, stipulating that the Issuer may only dispose a material group company if the net proceeds from such disposal without undue delay are applied in partial repayment of the outstanding Bonds at the applicable call option amount and (ii) approve the release of the transaction security in relation to the Netop Group and the guarantees provided by certain entities in the Netop Group. The waiver is subject to the gross proceeds from the Transaction being in an amount of USD 8,000,000.

The notice to the written procedure will be delivered to all holders of Bonds through the CSD and will include additional information and risk factors for holder of the Bonds to consider. The written procedure will end on 30 September 2025. To be eligible to participate in the written procedure, a person must fulfil the formal criteria for being a bondholder on 18 September 2025.

For further information, please contact:

Tobias Hartmann, CEO

Telephone: +18443467376

Email: [email protected]

Information:

This information is information that Impala Bondco plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11.00 CEST on 15 September 2025.