Ekosem-Agrar AG: Deferral of interest payment due on 7 December 2024 and progress in bond restructuring

EQS-News: Ekosem-Agrar AG / Key word(s): Bond Ekosem-Agrar AG: Deferral of interest payment due on 7 December 2024 and progress in bond restructuring 07.11.2024 / 14:23 CET/CEST The issuer is solely responsible for the content of this announcement. Ekosem-Agrar AG: Deferral of interest payment due on 7 December 2024 and progress in bond restructuring

• Deferral of interest payment due on 7 December 2024 to the noteholders of the Ekosem-Agrar bond 2012/2027
• Advanced and constructive talks on the sale of company holdings to Russia

Walldorf, 7 November 2024 – Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, has decided, after consultation with e.Anleihe GmbH, the joint representative of the two bonds issued by the company, and the members of the company's noteholders' advisory committee, to defer the payment of the interest claims of the noteholders of the Ekosem-Agrar bond 2012/2027 (ISIN: DE000A1R0RZ5) due on 7 December 2024. Accordingly, the noteholders' interest claims of 2.5% p.a. for the interest period 2023/2024 will be deferred by one year and for the interest periods 2022/2023 and 2021/2022 by a further year in each case.

The interest deferral is in line with the bond restructuring agreed at the noteholders' meeting on 3 June 2024. Accordingly, no interest payments are planned to the noteholders beyond the purchase price.

Progress in implementing the restructuring

Ekosem-Agrar AG also reports on the current status of the restructuring: With regard to the sale of the company's holdings to Russia, the company is in advanced and constructive talks with the financing banks, whose consent is required as a key condition for the restructuring. Management currently expects to be able to conclude and complete the transaction until the end of 2024.

At the same time, preparations are underway for the implementation of the bond restructuring agreed by the noteholders in June, specifically for the sale of the 2012/2027 bond (ISIN: DE000A1R 0RZ5) and 2019/2029 bond (ISIN: DE000A2YNR08) to an SPV at a purchase price of EUR 300.00 per bond. A significant uncertainty regarding a specific date for this implementation still exists in respect to the transfer of cash from the sale to Germany. However, the company has also made progress here in recent days. As soon as further clarity regarding the sale of the holdings and the implementation of the restructuring is provided, the company will report this.