Hybrid bond issue 2025

On 25 September 2025, Relais Group issued new unsecured, unguaranteed, subordinated and perpetual hybrid capital securities with an aggregate nominal amount of EUR 50 million (the “Capital Securities”).

The Capital Securities bear a fixed interest of 7.875 per cent per annum from the issue date to the reset date 25 September 2029, and thereafter, at a floating interest rate as defined in the terms and conditions of the Capital Securities. The Capital Securities do not have a specified maturity date, however, the Company is entitled to redeem the Capital Securities on the reset date or on any subsequent interest payment date, among others.

The Capital Securities are subordinated to the Company’s other debt obligations and will be treated as equity in Relais’ consolidated financial statements prepared in accordance with the IFRS. The Capital Securities do not confer to its holders the rights of a shareholder nor do they dilute the holdings of the current shareholders.

The net proceeds from the issuance of the Capital Securities will be used for refinancing of an acquisition-related bridge financing facility and general corporate purposes.

The Capital Securities will begin trading on the official list of Nasdaq Helsinki Ltd on or about October 7, 2025. The ISIN code of the Capital Securities is FI4000592290. Nordea Bank Abp acted as the lead manager and bookrunner for the issuance of the Capital Securities.

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