Pörssitiedotteet | HLRE Holding Oyj

HLRE Holding Oyj – Approval of written procedure and recapitalisation18.3.2026 08:18:16 EET | HLRE Holding Oyj | Inside information

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 n

Changes in HLRE Holding Group Executive Management Team27.2.2026 08:30:35 EET | HLRE Holding Oyj | Changes board/management/auditors

The HLRE Holding Group Management and subsidiary CEO Antti Asteljoki have jointly agreed that Asteljoki will leave his position as the CEO of Vesivek Oy and Vesivek Salaojat Oy with an immediate effect. Business Director Pekka Bau will take over the duties of Antti Asteljoki for the time being. The change is part of Group’s ongoing restructuring that aims to ensure the continuity of the Group's business operations. The HLRE Group Management wants to thank Antti Asteljoki for his valuable contribution to the companies and wishes him all the best for the future. Further information: Kimmo Riihimäki, CEO, HLRE Holding Plc kimmo.riihimaki@vesivek.fi +358 40 073 0671

HLRE Holding Oyj initiates a written procedure24.2.2026 13:37:15 EET | HLRE Holding Oyj | Inside information

As earlier announced, HLRE Holding Oyj (the "Company") and its other group companies have for some time been facing challenges with having sufficient liquidity to finance their operations. As announced on 12 February 2026, the Company had been presented with a proposal of a recapitalisation structure of the Company and the indicative terms of such recapitalisation transaction which Kimmo Riihimäki and a fund managed by Capital Four as the holder of 2/3 of the bonds has expressed their willingness to support. The Company has now instructed the agent for the senior secured bonds (ISIN SE0015530712) (the "Bonds"), Nordic Trustee & Agency AB (publ) (the “Agent”), to initiate a written procedure to request that bondholders vote in favour of implementing a recapitalisation of the Company based on the earlier announced proposal and on the terms set out in a notice of written procedure (the "Notice"). Such terms include, among others: a conversion of the Bonds into EUR 23 million preference sh

HLRE Holding agrees to an increase of its super senior revolving credit facility20.2.2026 09:15:19 EET | HLRE Holding Oyj | Inside information

HLRE Holding Oyj (the "Company") has agreed an increase to the available commitments under its existing super senior revolving credit facility made available by a fund managed by Capital Four from EUR 2 million to EUR 3.25 million. The Company expects in due course to be able to launch a written procedure in respect of its senior secured bonds (ISIN SE0015530712) (the "Bonds") where the Company will propose to the holders of the Bonds that they approve a recapitalization of the Company substantially on the terms announced by the Company on 12 February 2026. The increase will provide the Company with additional liquidity required to complete the recapitalization. To implement the increase, the Company and Nordic Trustee & Agency AB (publ) as agent for the Bonds have agreed to increase the maximum super senior commitment permitted under the intercreditor agreement relating to the super senior revolving credit facility and the Bonds to EUR 3.25 million. About Vesivek Vesivek is Finland's

HLRE Holding update on recapitalization and proposal to be made to bondholders12.2.2026 15:21:12 EET | HLRE Holding Oyj | Inside information

HLRE Holding Oyj (the "Company") announced on 9 January 2026 that it had been informed that the significant minority shareholder and founder Kimmo Riihimäki and a fund managed by Capital Four had agreed in principle on a recapitalization structure of the Company and the indicative terms of such recapitalization transaction. Following the announcement of the proposal, the Company has been presented with a revised proposal which Kimmo Riihimäki and a fund managed by Capital Four as the holder of 2/3 of the bonds has expressed its willingness to support. The revised proposal includes, amongst others, the following terms: a significant interest reduction on the Company's existing super senior revolving facility provided by Capital Four; as in the previously announced terms, the bond issued by the Company would be converted into preference shares ranking ahead of ordinary shares with a principal amount of EURm 23 and with a preference yield compounding at 6 % p.a.; a write down or conversio

Changes in HLRE Holding Group Executive Management Team10.2.2026 08:01:32 EET | HLRE Holding Oyj | Changes board/management/auditors

Riku Kolari has been appointed as HLRE Group’s Chief Restructuring Officer (CRO) starting February 10, 2026. The CRO role is new to the Group. The main objective in the position is to ensure the continuity of the Group's business operations and financial success. Riku Kolari is a highly experienced leader who is exceptionally qualified to succesfully fulfill the role of CRO. Further information: Kimmo Riihimäki, CEO, HLRE Holding Plc kimmo.riihimaki@vesivek.fi +358 40 073 0671

HLRE Holding update on ownership change, financing arrangements and expected non-payment of interest under its bond5.2.2026 11:01:24 EET | HLRE Holding Oyj | Inside information

HLRE Holding Oyj, and its relevant stakeholders, have continued discussions on an ownership change and the terms of the written procedure relating to HLRE Holding Oyj's outstanding senior secured bonds (ISIN SE0015530712) (the "Bond"). As part of such negotiations, HLRE Holding Oyj has been informed that the previously announced conditional share purchase agreement between private equity firm Sentica Partners and a fund managed by Capital Four concerning the entire share capital of HLRE Holding Oyj has been terminated. HLRE Holding Oyj does not see that the termination of the conditional share purchase agreement will have a negative effect on any of Vesivek's projects, customers, partners or personnel. HLRE Holding Oyj has been informed that Capital Four in its capacity as current majority bondholder and super senior revolving credit facility provider, and minority shareholder and founder Kimmo Riihimäki, remain committed to finding a long-term capital structure for HLRE Holding Oyj th

HLRE Holding Plc will use its option to defer 30 per cent Floating Rate Margin related to the Interest Payment Date on 12 February 202622.1.2026 07:28:38 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Plc has a SEK 300 000 000 Senior Secured Bond 2024/2027 (ISIN SE0015530712), originally dated 5th February 2021 and updated 8th March 2024. HLRE Holding Plc (The Issuer) has sent a Notice today to Bondholders and has informed that the Company will use its option to defer 30 per cent Floating Rate Margin related to the Interest Payment Date on 12 February 2026. Deferred interest shall be paid upon redemption of the Bond. Floating Rate Margin is totally 7,85 %. Bond agreement is published in PDF format on the company’s website; https://www.vesivek.fi/investors/bond-documents/ HLRE Holding Plc Antti Kärkkäinen For further information Antti Kärkkäinen, Interim Group CFO +358 (0)40 8444 393 antti.karkkainen@vesivek.fi

HLRE Holding Oyj announces increase of SSRCF and contemplated recapitalization and ownership arrangement9.1.2026 13:32:31 EET | HLRE Holding Oyj | Inside information

HLRE Holding Oyj has strengthened its financial position by increasing the available commitment under its existing super senior revolving facility from EURm 1 to EURm 2 on 23 December 2025. HLRE Holding Oyj has been informed that: its existing shareholder loans have been sold by its current shareholders to a fund managed by the majority bondholder Capital Four, and that these expectedly will be invested into the unrestricted equity of HLRE Holding Oyj to strengthen the balance sheet of the HLRE Holding Oyj and its subsidiaries; and a conditional agreement has been entered into between the existing shareholders of HLRE Holding Oyj and the fund managed by Capital Four comprising all shares of HLRE Holding Oyj. HLRE Holding Oyj has further been informed that, the significant minority shareholder and founder Kimmo Riihimäki and the fund managed by Capital Four have agreed in principle on a recapitalization structure of HLRE Holding Oyj which are pending structuring analysis, implementation

HLRE Holding Oyj – Approval of written procedure and postponement of an interest payment3.12.2025 09:44:33 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Oyj (the "Company") today announces the successful completion of the written procedure that was initiated on 6 November 2025 in relation to the Company's outstanding SEK 300,000,000 senior secured bond loan with ISIN SE0015530712 (the "Bonds"), regarding an amendment and waiver to the terms and conditions of the Bonds whereby the interest payable on 12 November 2025 would be postponed, so that such interest would be paid on 12 May 2026 instead, and any default interest relating to such deferred interest payment would be waived (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 amendments and waiver will become effective when (i) the Company and Nordic Trustee & Agency AB (publ) in its capacity as agent of the holders of the Bonds enter into an amendment agreement, amending the terms and conditions of the Bonds, and (i

HLRE Holding Group Interim Report 1 February – 31 October 20252.12.2025 15:46:08 EET | HLRE Holding Oyj | Interim report (Q1 and Q3)

Figures in parentheses refer to the corresponding period of the previous year. August - October 2025 in Brief Q3 revenue decreased by 13 % to EUR 29.4 million (EUR 33.6 million). Q3 gross profit decreased to EUR 11.4 million (EUR 14.0 million). Q3 adjusted EBITDA was EUR 3.1 million (EUR 3.6 million). Q3 net cash from operating activities was EUR 3.2 million (EUR 4.2 million). The impairment test concerning Group’s assets was made at the end of October and as a result write down of goodwill with EUR 14.7 million is booked in Q3 Interim Report. Write down is allocated to CGU1 (cash generating unit), which consist mostly of roof installation business in Finland. The Group has published a press release for the impairment test in the beginning of December. HLRE Holding Oyj’s main shareholders have evaluated the possibility to strengthen HLRE Holding Group’s shareholder equity during Q4 in order to cover the Group’s financial statements negative equity because of goodwill write down. The pr

HLRE Holding Group concluded an impairment test for the Group’s assets at the end October 2025 and will book a write down of goodwill in Q3 Interim Report1.12.2025 15:01:30 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

The impairment test concerning HLRE Holding Group’s assets was made at the end of October and as a result write down of goodwill with EUR 14.7 million is booked in Q3 Interim Report. Write down is allocated to CGU1 (cash generating unit), which consist mostly of roof installation business in Finland. Determining the recoverable amount of a cash-generating unit is based on value in use calculations, which require the use of estimates. The calculations use cash flow projections based on budgets and estimates approved by the management for a five-year period. The cash flow projections are based on the Group’s actual results and the management’s best estimates of future sales, development of costs, general market conditions and applicable tax rates. The estimated future net cash flows are discounted to their present value when estimating the recoverable amount based on the pre-tax weighted average cost of capital. The market environment for roof renovations in Finland (CGU 1) has been chal

HLRE Holding Plc announces expected breach of Net Interest Bearing Debt to EBITDA financial covenant28.11.2025 14:29:45 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Oyj (the "Company") has today informed the agent for the Company's senior secured bonds (ISIN SE0015530712) (the "Bonds"), Nordic Trustee & Agency AB (publ) (the “Agent”), that it expects to breach the Net Interest Bearing Debt to EBITDA maintenance financial covenant under the terms and conditions of the Bonds for the relevant period that ended on 31 October 2025 (the "Anticipated Breach"). The Company will publish its Q3 financial report, and deliver the related compliance certificate where the financial covenants are reported to the Agent, for the period between 1 February 2025 and 31 October 2024 during the week 49 in the beginning of December 2025. The financial position of the Company and its group companies has been challenging for some time. Consequently, the Company has commenced negotiations with the largest holder of the Bonds of certain amendments to the terms and conditions of the Bonds as well as certain other financial restructuring measures whereby the fina

Changes in HLRE Holding Group Executive Management Team20.11.2025 08:00:35 EET | HLRE Holding Oyj | Changes board/management/auditors

Juha Nuutinen, HLRE Group’s Chief Financial Officer and member of the Group Executive Management, has resigned from the position to join another company. Juha will continue in the role until the end of December 2025. Antti Kärkkäinen has been appointed as HLRE Group’s interim Chief Financial Officer (CFO) starting 1 January 2026. The interim arrangement ensures continuity in financial management and provides the necessary time for recruiting a permanent CFO Further information: Kimmo Riihimäki, CEO, HLRE Holding Plc kimmo.riihimaki@vesivek.fi +358 40 073 0671

Vesivek Tuotteet Ltd has concluded the change negotiations concerning personnel19.11.2025 14:39:09 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

At the end of October, Vesivek Tuotteet Ltd, part of the HLRE Holding Group, announced that it will initiate change negotiations concerning personnel. The basis for the change negotiations was the anticipated slowdown in demand during the upcoming winter season, due to both seasonality and the current market situation. The aim of the negotiations was to adjust current resourcing to the reduced sales volume. The negotiations began on 3 November 2025 and concerned all personnel of Vesivek Tuotteet Ltd. As a result of the negotiations, the number of employees will be reduced by seven. In addition, it was decided in the negotiations to implement temporary layoffs for all personnel during the period from 5 December 2025 to 26 April 2026. The layoffs will affect up to 64 people. The personnel changes are estimated to generate total annual savings of approximately EUR 0.7 million for the group. These measures are a response to declining market demand and aim to maintain financial profitabilit

HLRE Holding Group has concluded the Change Negotiations concerning installation personnel10.11.2025 09:58:00 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

At the end of September, HLRE Holding Group announced that it would initiate change negotiations concerning installation personnel. The aim of the negotiations was to reorganize installation work and adjust the current installation capacity to the reduced sales volume The negotiations began on 6 October 2025. They concerned installers and foremen at Vesivek Ltd and Vesivek Salaojat Ltd. As a result of the negotiations, the number of personnel will be reduced by 34 employees. In addition, in the negotiations it was decided on seasonal layoffs during the winter period, affecting up to 83 persons. The personnel changes are estimated to generate annual savings of approximately EUR 2.0 million for the Group. These measures are a response to the decline in market demand in recent years and, together with previous actions, aim to restore financial profitability. Further information: Antti Asteljoki, CEO, Vesivek Ltd and Vesivek Salaojat Ltd antti.asteljoki@vesivek.fi +358 40 052 3459

HLRE Holding Oyj initiates a written procedure to request postponement of an interest payment6.11.2025 10:28:03 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Oyj (the "Company") has instructed the agent for the Company's senior secured bonds (ISIN SE0015530712) (the "Bonds"), Nordic Trustee & Agency AB (publ) (the “Agent”), to initiate a written procedure to request that bondholders vote in favour an amendment to the terms and conditions of the Bonds. The largest holder of the Company’s bonds, holding approximately 66 2/3 per cent of the outstanding nominal amount of the Bonds, has indicated its support for the amendment. The amendment is to ensure that the Company and its other group companies have sufficient liquidity to finance their operations in the upcoming period. The Issuer requests in the written procedure the holders of the Bonds to approve that the terms and conditions of the Bonds are amended, so that the interest payable on 12 November 2025 would be postponed, so that such interest would be paid on 12 May 2026 instead. No deferred interest will accrue on the postponed interest payment. The Agent will deliver the no

Vesivek Tuotteet Ltd will initiate change negotiations concerning personnel28.10.2025 14:51:17 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

Vesivek Tuotteet Ltd, part of the HLRE Holding Group, will initiate change negotiations concerning personnel. The basis for the change negotiations is the anticipated slowdown in demand during the upcoming winter season, due to both seasonality and the current market situation. The aim of the negotiations is to adjust current resourcing to the reduced sales volume. As a result of the planned changes, the number of personnel is estimated to decrease by no more than 10 employees. In addition, the planned changes may lead to temporary layoffs affecting up to 71 employees. Other potential personnel impacts may affect no more than two individuals involved in the change negotiations. The negotiations will take place in November, starting on 3 November 2025, and will concern all personnel of Vesivek Tuotteet Ltd. The personnel changes are estimated to generate total annual savings of approximately EUR 0.7 million for the group. These measures are a response to declining market demand and aim

HLRE Holding Plc will use its option to defer 30 per cent Floating Rate Margin related to the Interest Payment Date on 12 November 202516.10.2025 08:02:46 EEST | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Plc has a SEK 300 000 000 Senior Secured Bond 2024/2027 (ISIN SE0015530712), originally dated 5th February 2021 and updated 8th March 2024. HLRE Holding Plc (The Issuer) has sent a Notice today to Bondholders and has informed that the Company will use its option to defer 30 per cent Floating Rate Margin related to the Interest Payment Date on 12 November 2025. Deferred interest shall be paid upon redemption of the Bond. Floating Rate Margin is totally 7,85 %. Bond agreement is published in PDF format on the company’s website; https://www.vesivek.fi/investors/bond-documents/ HLRE Holding Plc Juha Nuutinen For further information Juha Nuutinen, Group CFO +358 50 438 0984 juha.nuutinen@vesivek.fi

HLRE Holding Group will initiate change negotiations concerning installation personnel29.9.2025 11:09:46 EEST | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Group will initiate change negotiations concerning installation personnel. The aim of the negotiations is to reorganize installation work and to adapt the current installation capacity to the reduced sales volumes. As a result of the planned changes, the number of personnel is estimated to decrease by no more than 47 employees. This figure also includes potential measures that would require substantial changes to the terms of employment contracts. In addition, the planned changes may lead to temporary layoffs affecting no more than 83 persons. The negotiations will take place in October, starting on 6 October 2025, and will concern installers and foremen of Vesivek Ltd and Vesivek Salaojat Ltd. The personnel changes are estimated to generate total annual savings of EUR 2.0 million for the Group. These measures are a response to the decline in market demand in recent years and, together with the company’s previous actions, aim to restore financial profitability. For further