Neinor Homes S.A. - Offer to Purchase - Launch - Unmodified Dutch Auction

Neinor Homes, S.A. offers to purchase its outstanding €300,000,000 4.500% Senior Secured Notes due 2026 (ISIN: XS2332219612 and Common Code 233221961) (the “Notes”) for cash

23 FEBRUARY 2023

Full announcement available via Euronext

February 23, 2023. Neinor Homes, S.A. (the “Offeror”) hereby announces an invitation to the Eligible Holders (as defined below) of its outstanding Notes for cash at prices to be determined pursuant to an Unmodified Dutch Auction Procedure (as defined below) up to the Maximum Acceptance Amount (as defined below) of €100,000,000 in aggregate principal amount of Notes (the “Offer”), on the terms and subject to the conditions set out in the tender offer memorandum dated February 23, 2023 (the “Tender Offer Memorandum”) prepared in connection with the Offer.

Capitalized terms used in this announcement but not otherwise defined have the meanings given to them in the Tender Offer Memorandum.

Rationale for the Offer

The purpose of the Offer is for the Offeror to optimize its cash management while reducing its gross debt position and overall interest expense."