Ice Group ASA: Completion of subsequent bond issue

Reference is made to the Ice Group ASA (“Ice” or “the Company”) stock exchange notice on 31 August 2020 regarding a convertible bond issue (the “Bond Issue”) and on 22 September 2020 regarding a subsequent bond offering (the “Subsequent Offering”). Ice has today completed the Subsequent Offering. The final amount which was allocated to investors under the Subsequent Offering was NOK ~39.1 million. The combined size of the Bond Issue and Subsequent Offering is therefore NOK ~689.1 million.

For further information about the Company and terms of the Bond Issue reference is made to Ice's homepage where the stock exchange notices on 31 August 2020 and 22 September 2020, the latest quarterly report, term sheet and bond terms of the Bond Issue are available.

The completion of the Subsequent Offering is expected on or about 1 October 2020 and is subject to receipt of payments of the bonds in the Subsequent Offering.

DNB Markets, a part of DNB Bank ASA, acted as Manager for the Subsequent Offering.

Disclaimer

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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About Ice Group ASA

Ice Group is a telecommunications company with a nationwide network in Norway. The company operates a pure 4G mobile network, providing smartphone, m2m, IoT and mobile broadband services to B2C and B2B customers.

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