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RNB Retail and Brands AB (publ) announces the result of the written procedure instigated 7 August 2020

On 7 August 2020 RNB RETAIL AND BRANDS AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's SEK 600,000,000 senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure") to resolve on certain amendments to the terms and conditions of the Notes (the "Terms and Conditions").

As described in the notice of Written Procedure published by the Issuer and the Agent on 7 August 2020 and distributed to holders of the Notes (the "Noteholders"), the Issuer proposed that Noteholders in the Written Procedure resolved on the extension of a continuing Payment Block Event (as defined in the Terms and Conditions) until 31 October 2020 (the "Proposal").

Today the Issuer announces Noteholders’ approval of the Proposal.

A sufficient number of Noteholders participated in the Written Procedure to form a quorum and a majority of the Noteholders that voted in the Written Procedure voted in favour of the Proposal. It was therefore resolved that the Proposal has been approved by the Noteholders. The amendments of the Terms and Conditions will become effective immediately.

For a full description of the adjustment of the Terms and Conditions following the Proposal, please see the amended Terms and Conditions published on the Issuer’s website.