HLRE Holding Oyj – Funding deadline for share subscriptions and update on implementation of recapitalisation

HLRE Holding Oyj (the "Company") announced on 18 March 2026 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.

In connection with the written procedure the bondholders have been offered a right to subscribe pro rata, based on their holdings of Bonds, for certain ordinary shares in the Company. Such subscription period was completed on 17 March 2026. Evli Plc acting as subscription agent will expectedly today separately notify each bondholder who has elected to subscribe for ordinary shares of the number of ordinary shares allocated to, and the subscription amount payable by, each such bondholder as well as confirm the payment instructions. The funding deadline is 25 March 2026.

The Company expects that all Conditions for the Completion (each as defined in the notice of written procedure initiated 24 February 2026) of the recapitalisation will be completed by the end of this month with the delisting of the Bonds from Nasdaq Stockholm taking place approximately on 31 March 2026. Certain steps of the implementation of the recapitalisation transaction would still be pending finalization after such date.

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.