KAP AG: REFINANCING CONCEPT AGREED; NEW SYNDICATED LOAN SECURES FLEXIBILITY FOR THE ONGOING TRANSFORMATION PROCESS

EQS-News: KAP AG / Key word(s): Financing KAP AG: REFINANCING CONCEPT AGREED; NEW SYNDICATED LOAN SECURES FLEXIBILITY FOR THE ONGOING TRANSFORMATION PROCESS  17.04.2026 / 19:30 CET/CEST The issuer is solely responsible for the content of this announcement. KAP AG: REFINANCING CONCEPT AGREED; NEW SYNDICATED LOAN SECURES FLEXIBILITY FOR THE ONGOING TRANSFORMATION PROCESS

• Agreed financing package has a total volume of €96.0 million
• Terms reflect the still challenging market environment

Fulda, 17 April 2026 – KAP AG (“KAP”), a mid-sized industrial holding company listed on the stock exchange (German securities identification number: WKN 620840; ISIN DE0006208408), today agreed on a refinancing concept with its lending banks and extended the term of its existing syndicated loan, thereby realigning its financing strategy. The agreement reached, involving a total volume of €96.0 million and a term running until 30 March 2029, forms an important component of the financing structure and supports the implementation of transformation measures. Against the backdrop of persistently subdued demand in key customer sectors, the new financing agreement creates a stable financial framework to pursue necessary restructuring measures, particularly in the engineered products and surface technologies segments.

Reflecting the challenging market environment and KAP’s situation, the agreed lending terms and conditions provide for interest based on the Euro Interbank Offered Rate (EURIBOR) plus a margin of 4.5%. Drawdown of the syndicated loan is subject to certain preconditions. These include, in particular, the implementation of the measures outlined in the IDW S6 report, the maintenance of existing financing components (e.g. trade credit insurers, cash pooling, factoring), as well as the appointment of a Chief Restructuring Officer (CRO) and a steering committee. In addition, the agreement provides for an M&A process with the aim of selling some of KAP’s assets in order to use the proceeds from the sale as a mandatory special repayment instalment on the syndicated loan. During the negotiations, KAP was advised by Herter & Co. GmbH as debt advisor and by Noerr Partnerschaftsgesellschaft mbB.