European Energy A/S

Optional Redemption Notice to the holders of bonds issued by European Energy A/S - Seite 2

The Issuer hereby gives notice to the Bondholders that, in connection with the MHCC Equity Investment constituting an Equity Transaction, the Issuer will redeem 35.00% of the total aggregate Nominal Amount of the 2025 Senior Bonds outstanding in accordance with Condition 11.4 (Voluntary Early Redemption – Equity Claw Back) of the 2025 Senior Conditions (the “2025 Senior Bonds Partial Redemption”).

The 2025 Senior Bonds Partial Redemption will occur on 2 May 2024 (the “2025 Senior Bonds Partial Redemption Date”). The record date for the 2025 Senior Bonds Partial Redemption is set to 30 April 2024, i.e., one (1) Business Day prior to the 2025 Senior Bonds Partial Redemption Date.

The 2025 Senior Bonds Partial Redemption shall reduce the aggregate nominal amount of the 2025 Senior Bonds held by each Bondholder on a pro rata basis by the Nominal Amount of 2025 Senior Bonds redeemed.

The 2025 Senior Bonds will be partially redeemed at a price equal to 101.406% of the Nominal Amount redeemed (being the applicable Call Option Amount on the 2025 Senior Bonds Partial Redemption Date), together with accrued but unpaid Interest on the redeemed amount (the “2025 Senior Bonds Partial Redemption Amount”). The 2025 Senior Bonds Partial Redemption Amount will be paid directly to each person who is registered as owner or nominee holder of 2025 Senior Bonds in the debt register maintained by VP Securities A/S at the end of business on the record date.

The above redemption notice is irrevocable and is governed by Danish law.

2026 Senior Bonds – Voluntary Early Redemption – Equity Claw Back

Reference is made to Condition 11.4 (Voluntary Early Redemption – Equity Claw Back) of the 2026 Senior Conditions. Capitalised terms used in this section have the meaning given to them in the 2026 Senior Conditions.

The Issuer hereby gives notice to the Bondholders that, in connection with the MHCC Equity Investment constituting an Equity Transaction, the Issuer will redeem 35.00% of the total aggregate Nominal Amount of the 2026 Senior Bonds outstanding in accordance with Condition 11.4 (Voluntary Early Redemption – Equity Claw Back) of the 2026 Senior Conditions (the “2026 Senior Bonds Partial Redemption”).

The 2026 Senior Bonds Partial Redemption will occur on 2 May 2024 (the “2026 Senior Bonds Partial Redemption Date”). The record date for the 2026 Senior Bonds Partial Redemption is set to 30 April 2024, i.e., one (1) Business Day prior to the 2026 Senior Bonds Partial Redemption Date.