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The refinancing comprises the following key elements:

• A loan of EUR 2.6 million with a duration of 36 months will be granted to RoodMicrotec N.V. (‘the Borrower’). The loan will have a 4.75% p/a interest that shall be paid quarterly.

• The loan is unsecured, provided that in the event of a default the Lenders (other than the Management) may require the Borrower to grant a first ranking right of mortgage on property of the Borrower’s subsidiary RoodMicrotec GmbH in Nördlingen; and a first ranking right of pledge on other fixed assets of the Borrower’s subsidiary RoodMicrotec GmbH, located in Nördlingen and Stuttgart.

• The closing date for this refinancing will be the 31st March 2021, when the current bond loan from 2014 in the amount of EUR 2.5 million listed at NPEX will be repaid in full to the bond-holders.

• The Borrower will grant a total number of 7,485,000 non-listed 5-year warrants (‘the Warrants’) to the Lenders (except the Management). Each Warrant shall entitle the relevant Lender or subsequent holder of the Warrants to subscribe for one ordinary share in the capital of the Company at a subscription price of EUR 0.15, to be paid in cash upon exercise. Of the Warrants issued, 1/3 shall be issued on a non-conditional basis with a vesting period of 1 year, 1/3 shall be issued conditional upon the amount of the secured loan that shall be outstanding on the first anniversary of completion and 1/3 shall be issued conditional upon the amount of the secured loan that shall be outstanding on the second anniversary of completion. As no warrants shall be granted to the Management, it shall be entitled to 6.75% p/a interest on the loan.

“As promised in the extraordinary bondholders meeting held on the 6th May 2020 we have now realized a solution for the refinancing of the bond loan issued in 2014. It is with great pleasure that we now can announce this solution which will give the management of the Company a sound debt financing base for the next three years. By granting warrants to the Lenders, we have been able to reduce the interest rate significantly which will improve the yearly results of the Company.” says Vic Tee, Chairman of the Supervisory Board of RoodMicrotec N.V. “I would also like to express my gratitude to the international investors as well as the current bondholders that have supported the Company by participating in the bond loan.”