PlusPlus Capital Financial 11% Bond Update: Reorganization Petition & Call on March 25, 2024

• PlusPlus Capital Financial S.à r.l. plans to file a reorganization petition to safeguard the interests of the company and its creditors - The deadline for adoption of the restructuring plan is 26 March 2024, with a submission deadline to the Harju District Court by 01 April 2024 - The court must issue a ruling on the reorganization petition within 21 days of filing, with a maximum stay of proceedings for four months - PlusPlus Capital Financial S.à r.l. is confident that restructuring under similar principles as the parent company's plan will help cope with financial difficulties - Investors and analysts are invited to an update call on 25 March 2024 to hear about the progress of the reorganization - PlusPlus Capital is a technology-driven receivables management company operating in the Baltic and Finnish regions, aiming to increase market share and strengthen its position as a leading player in the regional market