LLAMA GROUP SA Enters Into a Bond Financing of up to Two Million Euros

Regulatory News:

LLAMA GROUP SA (Euronext Growth Paris and Brussels: ALLAM) (“Llama Group” or the “Company”), a digital music company and owner of the Winamp platform, announces that it has entered into a bond financing of up to €2,000,000 with the Luxembourg-based HEXAGON CAPITAL FUND (the “Investor”), with an initial subscription of 250 bonds to be completed no later than September 19, 2025.

Llama Group is undertaking this transaction as part of the continued implementation of its strategic development. The funds raised will support the commercial launch of the new Winamp for Creators platform, by financing the roll-out of the “Go-to-Market” plan, which is a central driver of the Group’s growth strategy.

The proceeds of this financing will also help cover the Company’s current operating expenses and meet its short-term financial commitments, in a context where the available cash position requires additional support alongside existing financing arrangements.

“We are pleased to have completed this bond financing of up to €2 million,” commented Olivier Van Gulck, CFO of Llama Group SA. “Its progressive structuring, with tranches released according to the Company’s needs and at its request, provides us with flexibility tailored to our situation. This mechanism allows us to secure the necessary resources in a controlled manner, aligned with our development objectives.”

This financing takes the form of bond issuances with a unit nominal value of €1,000, which may be issued and subscribed with the agreement of both parties for a maximum total amount of €2,000,000 until September 30, 2026. An initial subscription of €250,000 will take place no later than September 19, 2025.

Each bond, with a nominal value of €1,000, will mature at the end of a 24-month period from its issuance date and will be amortized on a monthly basis.

The bonds will bear an annual interest rate of 8%, also payable on a monthly basis. LLAMA GROUP may proceed with early repayment of the bonds and accrued interest without penalty.

MAXXIMUM SA, LLAMA GROUP’s reference shareholder, has provided the Investor with an independent first-demand guarantee covering the repayment of these bonds and the payment of the related interest.

In the event of a default by LLAMA GROUP, repayment may, at the Investor’s request, be made through debt set-off in shares, based on the lower of the following two values: (i) the average of the volume-weighted average prices (VWAP) of the Llama Group share on Euronext Growth Paris over three trading sessions chosen by the Investor among the last twenty trading days preceding the maturity date of the debt, less a 20% discount; and (ii) the VWAP of the Llama Group share on Euronext Growth Paris on the trading day preceding the maturity date of the debt, less a 20% discount.