Jordanes Announces Management Buyout

Oslo, 18 November 2024 — Jordanes Investments AS (“Jordanes Investments”) has been informed by Jordanes ASA that Jordanes Holdco2 AS (the “Company”), a company owned by Jordanes Co-founders Jan Bodd and Stig Sunde, along with key employees, have entered into agreements to acquire approximately 98.8% of the outstanding shares in Jordanes ASA, and expect to agree upon an acquisition of the remaining minority post shortly. Carlyle’s Global Credit platform will provide a NOK 2,750 million debt financing package to the Company, which will be used to finance the management buyout and refinancing of the Jordanes group (the “Transaction”).

The debt financing package will be used to, among other purposes, repay and redeem the unsecured bonds (ISIN NO0012433301) issued by Jordanes Investments in February 2025, amounting to NOK 1,200 million, and to fund the cash portion of the share purchases as part of the contemplated Transaction.

Completion of the Transaction is subject to customary closing conditions, with the closing anticipated in December 2024. Additional information regarding the repayment and redemption of the bonds issued by Jordanes Investments will be provided in due course.

Jordanes’ co-founders Jan Bodd and Stig Sunde commented:

“Our ambition to build a leading Scandinavian brand house of iconic consumer brands, serving consumer everyday needs acrossall channels and consumer occasions, has remained unchanged since we foundedour company 17 years ago. The contemplated transaction will allow us to accelerate our pursuit with more resources and stronger support, guided by the same ambition and our commitment captured in our motto “proud to serve ourkids”.

About Jordanes

Jordanes was founded in 2007 by Jan Bodd and Stig Sunde and is today an established Scandinavian brand house focusing on everyday products and services. Jordanes owns and operates a diverse portfolio of iconic brands, including Synnøve, Sørlandschips, Peppes Pizza, Bodylab, and Backstube. In 2023, the Group had Revenue of NOK 6,466 million, approximately2,700 employees, and 9 factories across Scandinavia.

For further information, please contact:

Nikolai Steinfjell, CFO

Telephone: +47 975 44 712

E-mail: nikolai.steinfjell@jordanes.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

‍

‍