Valerum AB (publ) - Initiates a written procedure

Valerum AB (publ) (the "Company") has instructed the agent for the Company's SEK 710,000,000 senior secured floating rate bonds 2020/2023 with ISIN SE0015192190 (the "Bonds") to initiate a written procedure (the "Written Procedure") to request the bondholders to vote in favour of amending the terms and conditions of the Bonds (the "Terms and Conditions"). Terms used herein and not defined herein shall have the same meaning as in the Terms and Conditions.

The Issuer is proposing inter alia (i) to extend the tenor of the Bonds by an additional six months to 30 October 2023, (ii) that the Issuer shall make a partial prepayment in an amount of SEK 400,000,000 at a price of 100.00% of the Nominal Amount plus accrued but unpaid Interest thereon no later than 9 May 2023, (iii) that the possibility to distribute amounts equal to the Partial Divestment Profit Amounts shall be deleted, and (iv) that the possibility to acquire replacement properties with Prepayment Amounts shall be deleted.

The agent will deliver the notice to a written procedure to all bondholders on 30 March 2023. The written procedure will commence on 5 April 2023 and end on 28 April 2023. To be eligible to participate in the written procedure a person must fulfil the formal criteria for being a bondholder on 5 April 2023. This means that the person must be registered on a securities account with Euroclear Sweden AB as a direct registered owner (Sw. direktregistrerad ägare) or authorised nominee (Sw. förvaltare) with respect to one or several Bonds.

The notice to the written procedure is available on the Company's website (valerum.se) and on the website of the agent (intertrustgroup.com).