Press Release

Lime Petroleum AS FRN Senior Secured NOK 1,250,000,000 Bonds 2022/2025 with ISIN NO0012559246

With reference to the bond terms for the Lime Petroleum AS FRN Senior Secured NOK 1,250,000,000 Bonds 2022/2025 bond issue with ISIN NO0012559246 (the "Bond Issue"), Lime Petroleum AS (the "Issuer") has been informed that the manager of the Bond Issue, ABG Sundal Collier ASA (the "Manager"), is contemplating the a buy-back of bonds in the secondary market and the potential exercise of the Reverse Greenshoe Option, pursuant to the terms of the reverse greenshoe optionagreement entered into between the Issuer and the Manager in connection with the Bond Issue.

 

Capitalised terms used but not defined herein shall have the meaning given to them in thebond terms for the Bond Issue (the "Bond Terms").

 

The buy-back of Bonds will be conducted as a reverse Dutch auction (a reversed tender), where the Manager will solicit offers from the Bondholders to sell for cash consideration a portion of their Bonds.

 

For further information on the contemplated buy-back of Bonds and the terms and conditions for the submission of offers to the Manager, please see the attached announcement made by the Manager or contact ABG Sundal Collier ASA at:

 

Ola Nygård

Telephone: +47 41 21 34 10

Email:ola.nygard@abgsc.no

 

 

 

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Lime Petroleum AS FRN Senior Secured NOK 1,250,000,000 Bonds 2022/2025 with ISIN NO0012559246