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Genel Energy Holding Company - Reverse Tender Offer - Results

Result of bond buy-back offer to bondholders - NO0010894330

12 OCTOBER 2023


Full announcement including disclaimers and offer restrictions available via Genel Energy Holding Company


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"Genel Energy Holding Company Limited (‘the Company’), with reference to the announcement of 2 October 2023, is hereby announcing the result of the reverse tender offer (‘the Buy-Back Offer’) to holders of Genel Energy 4 Finance plc’s (‘the Issuer’) USD 300 million senior unsecured callable bonds with ISIN NO0010894330 (‘the Bonds’). The Company has accepted offers for USD 16.2 million nominal value of bonds with the Maximum Accepted Price set to 93.5 per cent of nominal value. Cash settlement for the Bonds, including accrued interest, is expected to occur on Friday 13 October 2023. Pareto Securities acted as broker for the Buy-Back Offer. "


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Announcement of bond buy-back offer to bondholders - NO0010894330

02 OCTOBER 2023


Full announcement including disclaimers and offer restrictions available via Genel Energy Holding Company


"Genel Energy Holding Company Limited (‘the Company’) is hereby announcing a reverse tender offer (the ‘Buy-Back Offer’) to holders of Genel Energy 4 Finance plc’s (‘the Issuer’) USD 300 million senior unsecured callable bonds with ISIN NO0010894330 (the ‘Bonds’). All bondholders, subject to legal constraints, are invited to offer Bonds to the Company, being the sole shareholder of Genel Energy Finance 4 plc and guarantor of the Bonds. The Company intends to select a maximum price (‘Maximum Accepted Price’) and buy Bonds offered at and below this Maximum Accepted Price at the price offered by each bondholder (‘Offer Price’).


The Company is targeting around USD 20 million in nominal value of Bonds for cash management purposes, depending on the price tendered. The Company retains the full discretion to adjust the buyback volume.


The Buy-Back Offer will commence on Monday 2 October 2023 at 0900 CET and will expire on Wednesday 11 October 2023 at 1500 CET. Prior to 0900 CET on Thursday 12 October 2023, the Company will determine the Maximum Accepted Price and consequently the total amount of Bonds to be purchased. The Company may, in its sole discretion, waive, amend, extend, accelerate, terminate or withdraw the Buy-Back Offer at any time. Information regarding any such amendments will be published under the Issuer’s ticker on www.newsweb.no, the information service of the Oslo Stock Exchange, and www.stamdata.no, the information service of the bond trustee for the Bonds, Nordic Trustee ASA. Cash settlement for the Bonds, including accrued interest, is expected to occur on Friday 13 October 2023.


The Company will only accept offers from a bondholder or beneficial owner of the Bonds (or any person acting as agent, custodian, fiduciary or in another intermediary capacity for a bondholder or beneficial owner) who is not a U.S. person (as such term is defined pursuant to Regulation S under the US Securities Act of 1933, as amended (the ‘Securities Act’)) and who is outside the United States.


The Company has retained Pareto Securities as broker to manage the Buy-Back Offer. Eligible bondholders may provide offers for sale of all or a portion of their Bonds through submission of the bondholders offer form (the ‘Bondholders Offer Form’) no later than 15:00 CET, 11 October2023. The terms of the Buy-Back Offer and the Bondholders Offer Form will be published on www.stamdata.no or can be obtained by contacting Pareto Securities on +47 2287 8771"


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