Information to all 1L and 2L bondholders – split of Bonds and merger of overdue interest (ISIN: NO 001 0833775, NO 001 0895683, NO 001 0878861, NO 001 833783, NO 001 0895675 and NO 001 0878879)

Nordic Trustee AS acts as Bond Trustee for the above mentioned bond issue issued by Floatel International Ltd pursuant to the bond terms dated 9 October 2018. Reference is made to the Notice of a Written Resolution dated 3 February 2021, passed by the 2L Bondholders on 12 February 2021 and to the Notice of a Written Resolution dated 15 March 2021 passed by the 1L Bondholders on 16 March 2021. In order to facilitate for completion of the Restructuring the Bond Trustee will instruct the CSD to split the Initial Nominal Amount of each bond from USD 100,000 to USD 1. In addition, the above mentioned overdue interest which fell due in April 2020 and October 2020 existing under separate ISIN NO 0010895683, 0010878861, NO 001 0895675 and NO 001 0878879 will be merged into each of the Outstanding Bonds. After the merger, the total outstanding amount under 1L Bonds with ISIN NO 001 0833775 will be USD 436,000,000.- and under the 2L Bonds with ISIN NO 001 0833783 will be USD 84,562,500.-.