Intrum Tender Offers

PROJECT DESCRIPTION

DISCLAIMER

Intrum Investments and Financing AB (publ) — Cash Tender Offers

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA (THE “UNITED STATES”) OR TO ANY U.S. PERSON.

The Offers are not being made, directly or indirectly, in or into the United States or to any U.S. Person (as defined in Regulation S of the Securities Act). Notes cannot be tendered by any person located or resident in the United States or by any U.S. Person. To participate, each holder must be outside the United States and not a U.S. Person. Any tender that breaches these restrictions will be invalid and will not be accepted.

Intrum Investments and Financing AB (publ) (the “Offeror”) is inviting holders of the notes listed below to tender them for purchase by the Offeror for cash. The invitation comprises three offers running in parallel:

A fixed-price tender offer for the EUR-denominated 2027 Notes (at a Fixed Purchase Price of 102%);
A fixed-price tender offer for the SEK-denominated 2027 Notes (at a Fixed Purchase Price of 101.25%); and
An unmodified reverse Dutch auction for the EUR 2028 Notes (at a Variable Purchase Price determined through the auction, subject to a Minimum Purchase Price).

The purpose of the Offers in respect of the Notes is to apply a portion of the proceeds of the sale of the Offeror’s indirect ownership interest in Orange European Holdings B.V. and Orange Borrower DAC to proactively manage the Offeror’s balance sheet. Notes accepted for purchase will be cancelled; any notes not tendered or not accepted will remain outstanding. GLAS acts as Tender Agent, and GLAS Trust Company LLC acts as Trustee, Principal Paying Agent, Transfer Agent and Registrar.

Notes Impacted (ISINs) & Acceptance Priority Waterfall

Notes are accepted using a waterfall methodology, in order of their Acceptance Priority Level (1 = highest, 2 = lowest), subject to the Maximum Notes Purchase Consideration.

Priority Level 1 (highest) Series: EUR-denominated Senior Secured Notes due 2027 ISIN: XS3099983598 Coupon: 7.750% Maturity: 11th Sep 2027 Pricing: Fixed Purchase Price

Priority Level 1 (highest) Series: SEK-denominated Senior Secured Notes due 2027 ISIN: XS3099986427 Coupon: 7.750% Maturity: 11th Sep 2027 Pricing: Fixed Purchase Price

Priority Level 2 (lowest) Series: EUR-denominated Senior Secured Notes due 2028 ISIN: XS3099990296 Coupon: 7.750% Maturity: 11th Sep 2028 Pricing: Unmodified Dutch Auction

Both series of 2027 Notes share Acceptance Priority Level 1, meaning they are accepted ahead of the EUR 2028 Notes. The EUR 2028 Notes sit at Acceptance Priority Level 2 and will only be reached if capacity remains under the Maximum Notes Purchase Consideration after the higher-priority 2027 Notes have been accepted.

Consideration Available

Maximum Notes Purchase Consideration: €200,000,000 (excluding accrued interest).
2027 Notes: a Fixed Purchase Price (expressed as a percentage of principal), set per series on the cover of the Tender Offer Memorandum.
EUR 2028 Notes: a Variable Purchase Price determined via the unmodified Dutch auction — holders may submit Competitive Tender Instructions (specifying an offer price) or Non-Competitive Tender Instructions (which receive the Minimum Purchase Price). The Variable Purchase Price will not be less than the Minimum Purchase Price.
Accrued Interest: an Accrued Interest Payment will also be paid on all notes accepted for purchase.
Currency conversion: SEK amounts will be converted to euro (for the purposes of determining the Maximum Acceptance Amount) using the Bloomberg BFIX spot rate at 4:00 p.m. London time on the Expiration Deadline.
Where tenders exceed the relevant Series Acceptance Amount, notes will be accepted on a pro rata (scaled) basis.

Timetable

Commencement / Offers announced: 28th August 2026
Expiration Deadline: 4:00 p.m. on 7th September 2026
Announcement of Results: 8th September 2026
Settlement Date: 9th September 2026 (2nd business day after expiration)