Metalcorp Group S.A. Invites 2021/2026 Noteholders to Vote on Bond Restructuring Details

• Metalcorp Group S.A. has reached an agreement on the details of the bond restructuring
• Metalcorp Group S.A. calls noteholders of the 2021/2026 Notes to vote
• The restructuring of both Notes will follow the general terms already agreed by the 2023 noteholders in their second noteholders' meeting held on 16 June 2023
• Holders of both Notes have the option to contribute new money to the former aluminum and bulk and ferrous business of Metalcorp, which has been sold to Ferralum Metals Group S.A.
• Holders not exercising their option to contribute new money will receive a guaranteed allocation in the Ferralum Notes and the New Metalcorp Notes
• The New Metalcorp Notes will be non-recourse to the European Business and will not provide for any amortization payments of their nominal amount