HLRE Holding Oyj – Approval of written procedure and recapitalisation

HLRE Holding Oyj (the "Company") today announces the successful completion of the written procedure that was initiated on 24 February 2026 in relation to the Company's senior secured bonds with ISIN SE0015530712 (the "Bonds"), regarding the recapitalisation of the Company, including, among others, a conversion of the Bonds into a preferred equity instrument (the "Proposal").

A sufficient number of bondholders participated in the written procedure in order to form a quorum, and a requisite majority of the bondholders voted in favour of approving the Proposal.

The recapitalization, including the conversion of the Bonds into equity, will become effective when the conditions for the same included in the notice of written procedure have been completed. Such conditions included an approval for the certain transactions contemplated in connection with the recapitalisation, comprising of a change of control in the Company, from the Finnish Competition and Consumer Authority which approval has now been received.

In connection with the written proposal the bondholders have been offered a right to subscribe pro rata, based on their holdings of Bonds, for ordinary shares in the Company. Such subscription period was completed on 17 March 2026. A fund managed by Capital Four has agreed to backstop the above bond subscription. The company and Evli Plc acting as subscription agent will separately inform any bondholders who have elected to subscribe for such shares of the payment instructions and other details relating to such share subscriptions.

For additional information, please contact:

Kimmo Riihimäki, Group CEO, +358 40 073 0671

Antti Kärkkäinen, interim CFO, +358 40 844 4393

HLRE Holding Oyj is required under the EU Market Abuse Regulation to disclose this information.