Lamor Corporation Plc announces an offering of senior secured green notes and publishes a prospectus

Lamor Corporation Plc          Press Release       17 August 2023, 10:00 a.m. EEST

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS COMMUNICATION WOULD BE UNLAWFUL.

Lamor Corporation Plc announces an offering of senior secured green notes and publishes a prospectus

Lamor Corporation Plc (the "Company" or "Lamor") announces an offering of new euro-denominated fixed-rate senior secured green notes (the "Notes") with an aggregate nominal amount of up to EUR 25 million, to professional clients, eligible counterparties and retail clients (each as defined in Directive 2014/65/EU, as amended) (the "Offering").

The Notes are represented by units in denominations of EUR 20,000 and are offered for subscription in a minimum amount of EUR 100,000. The subscription period of the Notes commences and ends today on 17 August 2023. Subject to completion of the Offering, the Notes will be issued at an issue price of 100 per cent and carry fixed interest of 10 per cent per annum. Interest on the Notes will be payable semi-annually. The Notes will mature on 24 August 2026 unless redeemed earlier by Lamor. The Notes will be secured by a second priority pledge over Lamor's business mortgages.

The Finnish Financial Supervisory Authority has today on 17 August 2023 approved a prospectus prepared for the Offering (the "Prospectus"). The Prospectus is available in the English language on the Company's website at www.lamor.com/investors/debt-financing.

Lamor expects to publish the results of the Offering by way of a press release later today on 17 August 2023. Subject to completion of the Offering, the Notes are expected to be issued on 24 August 2023 and Lamor will apply for the Notes to be admitted to trading on the First North Bond Market Finland multilateral trading facility maintained by Nasdaq Helsinki Ltd.

Lamor intends to use the net proceeds from the issue of the Notes in accordance with the Company's Green Finance Framework announced on 22 May 2023. The Green Finance Framework enables the Company to mobilise debt capital to support investments to protect the environment and ecosystems globally and to promote a circular economy. The framework is available on Company's website at www.lamor.com/investors/debt-financing.

Danske Bank A/S acts as the sole green structuring adviser to Lamor and acts as the sole lead manager (the "Lead Manager") of the Offering.

Further enquiries

Mika Pirneskoski, CEO, tel. +358 40 757 2151

Timo Koponen, CFO, tel. +358 40 749 2986

Certified adviser

Danske Bank A/S, Finland branch

Lamor in brief

Lamor is one of the world’s leading providers of environmental solutions. For four decades, we have worked to clean up and prevent environmental incidents on land and at sea.

From environmental protection to material recycling: Our innovative technologies, services and tailored solutions, ranging from oil spill response, waste and water treatment to soil remediation and plastic recycling, benefit customers and environments all over the world.

We are capable of vast and fast operations thanks to our connected ecosystem of local partners, steered by our experts. We have over 500 employees in more than 20 countries. In 2022, our turnover was 128 million euros. Lamor's share is listed on the Nasdaq First North Premier Growth Market Finland marketplace maintained by Nasdaq Helsinki (ticker: LAMOR). Further information: www.lamor.com

Disclaimer

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or the United States or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities referred to herein in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

In any member state of the European Economic Area, other than Finland, or in the United Kingdom, this release is only addressed to and is only directed to "qualified investors" in that member state or in the United Kingdom within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation") (in respect of the United Kingdom, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018) or within the limits of another exemption under the Prospectus Regulation from the requirement to publish a prospectus for offers of securities.

This release is only being distributed to and is only directed at: (i) persons who are outside the United Kingdom; (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) (the "FSMA") Order 2005 (the "Order") or within Article 43 of the Order; or (iii) to other persons to whom it may otherwise lawfully be communicated by virtue of an exemption to section 21(1) of the FSMA or otherwise in circumstances where it does not apply (all such persons together being referred to as "relevant persons"). Any securities mentioned herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this release or any of its contents.

This release does not constitute a prospectus as defined in the Prospectus Regulation and, as such, it does not constitute or form part of, and should not be construed as, an offer to sell, or a solicitation or invitation of any offer to buy, acquire or subscribe for, any securities or an inducement to enter into investment activity in relation to any securities.

No part of this release, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The information contained in this release has not been independently verified. No representation, warranty or undertaking, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. The Company or any of its respective affiliates, advisors or representatives or any other person, shall have no liability whatsoever (in negligence or otherwise) for any loss, however arising from any use of this release or its contents or otherwise arising in connection with this release. Each person must rely on their own examination and analysis of the Company, its subsidiaries, its securities and the transactions, including the merits and risks involved.

The Lead Manager is acting exclusively for the Company and no one else in connection with the Offering. The Lead Manager will not regard any other person as their respective client in relation to the Offering. The Lead Manager will not be responsible to anyone other than the Company for providing the duties afforded to their respective clients, nor for giving advice in relation to the Offering or any transaction or arrangement referred to herein.