As further detailed in the notice of Written Procedure, the proposed amendments included (i) a financial covenant holiday, (ii) an increase of the current cap in respect of permitted investment loans and (iii) an additional 3 per cent. premium upon redemption of the Bonds.

The time for replies in the Written Procedure expired on 3 July 2020. The Company hereby announces that a sufficient number of votes were obtained in order to form a quorum and that a requisite majority of the bondholders voted in favour of the amendments. The terms and conditions of the Bonds will therefore be amended as set out the notice of Written Procedure.

The amended version of the terms and conditions will be effective as from 3 July 2020 and will be published on the Company’s website (www.leax.com) and on Stamdata (www.stamdata.com).

For questions regarding the administration of the Written Procedure, please contact the agent at voting.sweden@nordictrustee.com or +46 8 783 79 00. For other questions, please contact the Company using the contact details set forth below.