Hestio AS requests an amendment for the Terms of the Notes Issue to add subsection c) to Clause 13.1.2. Financial Covenants”, which relates to the debt service coverage ratio (DSCR), as follows:

13.1.2. to maintain DSCR:

c) not less than 1.3 (one point three times), calculated for the Relevant Period at the end of each half-year, starting from 31 December 2024.

For the avoidance of doubt the present DSCR in effect is 1.5 (one point five times), in accordance with Clause 13.1.2.b).

This amendment is necessary due to a covenant breach on 31 December 2024 (using unaudited results) considering increased investments in sales strategy adjustments and launching a new subsidiary.

The list of eligible Noteholders to grant a consent will be fixed on 21 February 2025.

Voting can be carried out by sending the filled-in voting form to the Hestio AS (Issuer) by e-mail no later than 12:00 (EET) of 28 February 2025. The notice sent by the Hestio AS (Issuer) along with the voting instructions, the voting form are attached.