Fiven Annual Report 2022

Note 12 Interest bearing receivables and liabilities Interest Total Amounts in EUR thousand Termination Rate 2022 2021 2022 2021 Loan Fiven Norge AS (subs.) Dec 31, 2023 EURIBOR+8.1% 435 228 14 267 9 671 Loan Fiven North America Inc (subs.) Jun 21, 2024 USDLIBOR+8.1% 9 3 97 83 Total current assets 14 364 9 754 Senior secured floating rate bond - 2021 Jun 21, 2024 EURIBOR+6.85% 5 568 2 610 69 146 68 946 Senior secured floating rate bond - 2019 Apr 5, 2022 EURIBOR+7.75% - 3 311 - - Loan Tosca Intermediate Holdings Sàrl 1 Jun 22, 2024 EURIBOR+6.8914% 1 470 1 218 - 22 717 Loan Matreaux Ceramiques (subs.) Jun 22, 2024 EURIBOR+8.1% 109 135 - 1 801 Loan Fiven Norge AS (subs.) Dec 1, 2025 EURIBOR+6.85% 54 - 7 365 - Loan carbeto de Silício Sika Brasil Ltda (subs.) May 27, 2023 2.5% 75 75 3 195 3 120 Total non-current liabilities 79 706 96 584 1 The shareholder loan was repaid in full on 6 December 2022. Refer below for further information Senior secured floating rate bond loan On 21 June 2021 (First Issue Date) Fiven completed a 125 mEUR Senior Secured Sustainability-Linked Floating Rate Bond (restated 5 December 2022). The bonds carry an interest of EURIBOR + 6.85%. The interest is settled on a quarterly basis. The initial nominal amount of each initial bond is EUR 1 000. The maximum total nominal amount of the initial bonds is 70 mEUR. As a part of the amended and restated version of the Bondholder agreement - Section “14-2 Restricted Payments” letter (d) - Fiven ASA was permitted to pay dividend on its shares and/or repay Shareholder Loans in the period between Dec 5, 2022 and Dec 31, 2022 limited to cash exceeding mEUR 18 on December 31, 2022. Fiven ASA repaid shareholder loan including accrued interest in full, and distributed a dividend of kEUR 2.813 in the period before December 31, 2022. Provided that the incurrence test is met, the issuer may, at one or several occasions, issue subsequent bonds. During the term of the bond Fiven shall ensure that the leverage ratio is equal to or less than: (a) 4.75:1 for the period from 21 June 2021 to (and including) the date falling one year after 21 June 2021 (b) 4.50:1 for the period from (but excluding) the date falling one year after 21 June 2021 to (and including) the Reference date (March 31, June30, September 30, December 31), falling immediately prior to 5 December 2022, and (c) 3.00:1 for the period from (and including) the Reference day (March 31, June30, September 30, December 31), falling immediately after 21 June 2024 (the Final Maturity Date). The Incurrence Test is met, if: (a) The Leverage Ratio is equal to or less than: (A) (A) 3.00:1 for the period from 21 June 2021 to (and including) the date falling eighteen (18) months after 21 June 2021; and (B) 2:75:1 for the period from (but excluding) the date falling eighteen (18) months after 21 June 2021 to (and including) 21 June 2024; and (b) no Events of Default is continuing or would occur upon the incurrence or payment. Leverage ratio is the ratio of net interest-bearing debt to EBITDA (as defined in the bond agreement). The descriptions of elements being included and excluded from the traditional EBITDA and net interest-bearing debt for covenant calculation is described in the bond agreement. The Issuer and any Group company may at any time, subject to applicable law, and at any price, purchase bonds. Bonds held by the issuer, or any Group Company may at the issuer's or such Group Company's discretion be retained or sold, but not cancelled (9.2). The issuer shall redeem all, but not only some, of outstanding Bonds in full on 21 June 2024 with an amount per Bond equal to the nominal amount together with accrued but unpaid interest plus any applicable Sustainability-Linked Redemption Premium (9.1). Applicable Sustainability-Linked Redemption Premium shall be equal to (9.4): (a) the Maximum Sustainability-Linked Redemption Premium; less Fiven Annual Report 2022 94 Financial statements

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