Discussions in progress to amend terms of SRV’s senior unsecured notes

SRV GROUP PLC    INSIDE INFORMATION    27 APRIL 2020     11.00 EET

Discussions in progress to amend terms of SRV’s senior unsecured notes

SRV Group Plc (“SRV”) announces discussions with the holders of its EUR 100,000,000 (of which EUR 62,1 million is outstanding) senior unsecured callable fixed rate notes due 23 March 2021 and its EUR 75,000,000 senior unsecured callable fixed rate notes due 27 March 2022 (together, the “Senior Notes”) regarding potential amendments to the terms and conditions of the Senior Notes.SRV is looking to propose an extension of the tenor of its Senior Notes as well as certain other amendments to the terms and conditions. The proposed amendments are part of prudent measures initiated by SRV to further improve its balance sheet and available liquidity in response to the outbreak of possible unpredictable market disruption due to the coronavirus pandemic (COVID-19).

The proposed amendments will build further upon the previously announced measures in its recovery programme, which includes, among other things, two contemplated share issues, announced in February. More detailed information on these measures can be found in SRV’s announcement from 6 February 2020.

SRV has mandated Pareto Securities AB as financial advisor in the discussions together with the holders of its Senior Notes.

Holders of the Senior Notes are encouraged to reach out directly to Pareto Securities AB (contact details below) for more information regarding the process for amending the terms and conditions of the Senior Notes.

For further information, please contact:
Ilkka Pitkänen, CFO, Tel. +358 40 667 0906, ilkka.pitkanen@srv.fi
Carl-Johan Hugner, Head of Real Estate Investment Banking, Pareto Securities AB, Tel. +46 70 772 58 26, cjh@paretosec.com

Distribution:
Nasdaq Helsinki
Main media
www.srv.fi

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SRV is a bold developer and innovator in the construction industry. We want to offer the best customer experience as a constructor of urban city centres, while also being the most attractive employer in the industry. Our genuine cooperation and enthusiasm for our work comes across in every encounter. Sustainability is reflected in all our activities.

Established in 1987, we are a publicly listed company since 2007 in Helsinki Nasdaq stock exchange that operates in selected growth centres in Finland and Russia. Our revenue in 2019 was EUR 1,061 million. Over 1,000 people work for us and we employ a network of almost 4,000 subcontractors in our projects.

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