Successful new secured bond issue

Oslo, 26 September 2017 – ice group Scandinavia Holdings AS – successful placement of NOK senior secured bond issue.

Further to the announcement of the contemplated bond issue earlier today, ice group Scandinavia Holdings AS is pleased to announce a successful placement of a new 4 year NOK 1,400 million senior secured bond issue. The bonds will have a coupon of 3 months NIBOR +4.60% and will be listed on the Oslo Stock Exchange. The placement was significantly oversubscribed.

The new bond is a refinancing of the outstanding committed secured facilities of NOK 1,400 million, where NOK 800 million is currently outstanding and NOK 600 million undrawn.

DNB Markets and Pareto Securities acted as joint arrangers of the new bond issue.

For further information, please contact:

Investors

Johan Michelsen, Deputy CEO, ice group, tel: +47 410 87 000

Media

Endre Aaberg Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email: endre.johansen@corpcom.no