Iute places EUR 10 million tap on EUR 2021/2026 bonds in connection with exchange offer for EUR 2019/2023 bonds

Total volume of bonds outstanding EUR 125 million

Tallinn, Estonia, 5 July 2023. Iute Group, a leading European personal finance group, through its fully owned subsidiary IuteCredit Finance S.á r.l., today issued EUR 2021/2026 bonds in the amount of EUR 10 million with an interest rate of 11.0% p.a. payable semi-annually. Of this amount, EUR 7.2 million was attributable to holders of the EUR 2019/2023 bond, who exercised the exchange offer at an issue price of 96.5%. The yield to maturity for the exchange offer-related bonds amounts to 12.3%. EUR 2.8 million of the new EUR 2021/2026 bonds were subscribed by the company's shareholders. The tap issue brings the total volume of Iute Group’s EUR 2021/2026 bonds to EUR 125 million.

The new EUR 2021/2026 bonds are to be admitted to trading on or about 12 July 2023 on Frankfurt Stock Exchange’s regulated market (General Standard), and the Baltic regulated market of the Nasdaq Tallinn Stock Exchange.

Aalto Capital (Germany) acts as Financial Advisor to the Group.

Contact:

Kristel Kurvits, Group Chief Financial Officer (CFO)
Email: investor@iutecredit.com
Phone: +372 622 9177

About Iute Group:

Iute Group is a fintech company established in 2008 in Estonia. The Group specializes in consumer finance, payment services, banking, and insurance products. It serves customers in Albania, Bosnia and Herzegovina, Bulgaria, Moldova, and North Macedonia. Iute Group finances its loan portfolios with equity, deposits, and secured bonds on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List.

www.iutecredit.com

IMPORTANT INFORMATION

The information contained herein is 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 any 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 bonds 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. Persons into whose possession this announcement may come are required to inform themselves of and observe all such restrictions.

This announcement does not constitute an offer of securities for sale in the United States. The bonds have not been and will not be registered under 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.

This announcement does not constitute a prospectus for the purposes of Directive 2003/71/EC, as amended (the “Prospectus Directive”) and does not constitute a public offer of securities in any member state of the European Economic Area (the “EEA”).

This announcement does not constitute an offer of bonds to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the bonds. Accordingly, this announcement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of this announcement as a financial promotion may only be distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “Relevant Persons”). 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 announcement or any of its contents.