Ice Group ASA: Mandate announcement and fixed income meetings

16 February 2021 | Ice Group ASA’s subsidiary Ice Group Scandinavia Holdings AS (the “Company”) has mandated Arctic Securities, DNB Markets and Pareto Securities to arrange a series of fixed income investor meetings commencing today, 16 February. A NOK 1,400 million senior secured 4 years floating rate issue may follow, subject to market conditions. Net proceeds from the contemplated bond issues will be used to fully redeem its outstanding bond IGSH02 (ISIN NO0010807092) (the “Existing Bond”).

As part of the contemplated bond issue, the Company may offer a conditional buyback of IGSH02, which will be contingent upon subscription in the new bond. Subject to completion of the contemplated new bond issue, the Company will exercise the call option in the Existing Bond to be redeemed in full at 100.00% of par value plus accrued interest. There is no assurance that the offering will be completed or, if completed, as to the terms on which it is completed.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES.

For further information, please contact:

Investors: Henning Karlsrud, CFO of Ice Group, tel: +47 930 45 389

Media: Endre Aaberg Johansen, Corporate Communications AS, tel: +47 416 10 605, email: endre.johansen@corpcom.no

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. For more information, see www.icegroup.com.

Disclaimer

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

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