2022-06-30 05:55:00 CEST

2022-06-30 05:55:05 CEST


REGULATED INFORMATION

English
Sentiec Oyj - Company Announcement

Sentiec Oyj - Update regarding Cyient acquisition and redemption of bonds


Press release, Vaasa 30 June 2022

Sentiec Oyj (the "Company") announced on 25 April 2022 that its up to SEK
500,000,000 senior secured bonds with ISIN SE0015503495 (the "Bonds"), were,
subject to certain conditions, to be redeemed in advance in accordance with
Clause 9.3 (Voluntary Total Redemption (Call Option)) of the terms and
conditions of the Bonds (the "Terms and Conditions"). Terms defined in the Terms
and Conditions have the same meaning in this press release unless given a
different meaning herein

On 11 May 2022, the Company announced that completion of the acquisition by
Cyient Limited and Cyient Europe Limited of 100 per cent. of the shares and
votes in Citec Engineering India Private Limited and in Sentiec Oyj (together
the "Acquisition") is taking longer than expected and that the Acquisition would
likely be completed during the quarter ending 30 June 2022. The early redemption
previously communicated was therefore withdrawn in connection therewith.

The Company hereby informs that the work relating to the Acquisition is still
ongoing and is taking longer than previously expected. The Acquisition is likely
to be completed during the quarter ending 30 September 2022. The intention is
still to redeem the Bonds in full following completion of the Acquisition.

For further information, please contact:

Johan Westermarck, CEO

E-mail: johan.westermarck@citec.com

Mobile: +358 50 339 7972

Information:

This information is information that Sentiec Oyj is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, at 06:55
EET on 30 June 2022.



06290110.pdf