NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS OR TO ANY U.S. PERSON (AS DEFINED
IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) (THE
"SECURITIES ACT") OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE,
PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN
CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW.
BEWI ASA ("BEWI") announced on 29 August 2025, a tender offer to the holders of
BEWI's outstanding EUR 250,000,000 bonds issued under the 2021/2026 senior
unsecured bond framework due 2026 with ISIN SE0016276398 (the "Existing Bonds")
to tender any and all of their Existing Bonds for purchase by BEWI for cash at a
purchase price equal to 101.40% of the nominal amount plus accrued and unpaid
interest (the "Tender Offer").
Pursuant to BEWI's press release issued on 29 August 2025, the Tender Offer
expired at 12:00 CEST on 4 September 2025, unless extended, re-opened, withdrawn
or terminated at the sole discretion of BEWI.
BEWI hereby announces that it extends / re-opens the Tender Offer until the
closing of the bookbuilding process for the new bonds as announced pursuant to
BEWI's press release issued on 29 August 2025 (the "New Bonds"), which is
expected to occur today, 5 September 2025, on otherwise unchanged terms, unless
it is again extended, re-opened, withdrawn or terminated at the sole discretion
of BEWI. The Existing Bonds repurchased in the Tender Offer will be repurchased
at a purchase price equal to 101.40% of the nominal amount plus accrued and
unpaid interest and otherwise in accordance with the terms and conditions
described in the tender information document dated 29 August 2025 which is
available via the following https://bewi.com/investors/financing/.
In accordance with BEWI's press release issued on 29 August 2025, BEWI intends
to, conditional upon the successful issuance of New Bonds, exercise its right
for early redemption of the Existing Bonds not being tendered in the Tender
Offer, in accordance with the terms and conditions of the Existing Bonds at the
redemption price of 101.380% of the nominal amount together with accrued but
unpaid interest up to (and including) the redemption date.
BEWI has mandated DNB Carnegie, a part of DNB Bank ASA and Nordea Bank Abp as
dealer managers for the Tender Offer.
Dealer managers:
DNB Carnegie, a part of DNB Bank ASA: _BEWI_Tender_Offer@dnbcarnegie.no
Nordea Bank Abp: nordealiabilitymanagement@nordea.com
For further information, please contact:
Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756
1959
Marie Danielsson, CFO BEWI ASA, tel: +46 70 661 0047
About BEWI ASA
BEWI is an international provider of packaging, components, and insulation
solutions. The company's commitment to sustainability is integrated throughout
the value chain, from production of raw materials and end goods, to recycling of
used products. With a vision to protect people and goods for a better every day,
BEWI is leading the change towards a circular economy.
BEWI ASA is listed at the Oslo Børs under ticker BEWI.
The information is such that BEWI ASA is required to disclose in accordance with
the EU Market Abuse Regulation. The information was submitted for publication,
through the agency of the contact person set out above, at 09:00 CEST on 5
September 2025.