Impala Bondco plc – initiates a Written Procedure

Nottingham, 24 November 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 certain proposed amendments to the terms and conditions of the bonds (the "Terms and Conditions"), 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 75 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 proposed key amendments to the Terms and Conditions include, but are not limited to, (i) extending the tenor of the Bonds by one year, (ii) a write down of forty (40) per cent. of the total outstanding amount of Bonds (including capitalised interest) and forty (40) per cent. of all accrued but unpaid interest as of the date of the amendment becoming effective, in consideration of the issue of new ordinary shares in the Issuer, which a trustee will hold on behalf of each Bondholder, (iii) reducing the PIK interest to ten (10) per cent. per annum, (iv) adjusting the Maintenance Covenant by adjusting the minimum liquidity to USD 500,000 and (v) giving the right to the bondholders to appoint one (1) board observer to the board of directors of the Issuer. The requests (including the amendments to the Terms and Conditions) and the procedures for implementing the new structure are set out in full in the notice of written procedure. The amendments to the Terms and Conditions are conditional upon the Issuer raising USD 6 million in new money.

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 11 December 2025. To be eligible to participate in the written procedure, a person must fulfil the formal criteria for being a bondholder on 28 November 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 18:30 CET on 24 November 2025.