Fortaco Group Holdco Oyj - Other information disclosed according to the rules of the Exchange

Fortaco Group announces the successful completion of its Written Procedure to waive certain terms under the terms and conditions of the Bonds and certain security agreements

Fortaco Group Holdco plc, Stock Exchange Release 27.5.2024 at 21.30 p.m. EET

Fortaco Group Holdco Plc (the "Company") today announces the successful
completion of the written procedure (the "Written Procedure") that was initiated
on 10 May 2024 in relation to the Company's outstanding senior secured bonds due
2027 with ISIN NO0012547274 (the "Bonds"), regarding waiving certain terms under
the terms and conditions of the Bonds and certain security agreements relating
to, inter alia, the Bonds, as specified in the notice of Written Procedure dated
10 May 2024 (the "Proposal"). The last time and day for the holders of the Bonds
(the "Bondholders") to vote in respect of the Proposal was 15.00 (CEST) on 27
May 2024.

In the Written Procedure, a sufficient number of Bondholders participated in
order to form a quorum, and a requisite majority of the Bondholders voted in
favour to approve the Proposal, i.e. (i) carrying out a divestment of the shares
in Fortaco Zrt with a transaction structure consisting of inter alia: (A)
converting certain group internal loans granted to Fortaco Zrt to equity
contributions, (B) the Group acquiring certain equipment and giving Fortaco Zrt
the right to use such equipment, without any compensation, while retaining full
ownership until equipment is paid by Fortaco Zrt to the Group in full and (C)
the granting of certain long-term loans to Fortaco Zrt, (ii) releasing the
transaction security over seven real estate properties located in Finland for
the purposes of facilitating a disposal of such properties, (iii) an asset sale
whereby Fortaco Oy (being an obligor and subject to transaction security) will
dispose of all or a substantial part of its assets, and (iv) carrying out
certain mergers between members of the Group, in each case on the principle
terms and as further described in more detail in the notice of the Written
Procedure.

The waivers in respect of the Proposal shall be effective as per 27 May 2024.

For further information

Lars Hellberg

+358 40572 9488

lars.hellberg@fortacogroup.com

Fortaco Group
Fortaco is the leading brand independent strategic partner to the heavy off
-highway equipment and marine industries offering zero emission solutions,
technology services, assemblies, vehicle cabins, and steel fabrications. Fortaco
Group has operations in multiple European and Asian Business Sites and
Technology Hubs, which are supporting our global customers. www.fortacogroup.com

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