ABGSC acted as Joint Manager and Bookrunner in connection with the new NOK 1,000m senior unsecured bond issue by Kistefos AS

Kistefos AS, a private investment company wholly-owned by Christen Sveaas, has successfully completed
the issuance of new NOK 1,000m senior unsecured bonds. The bonds have a floating coupon of 3m NIBOR
+ 5.00% p.a. and an expected maturity date at 10 May 2023. An application will be made for the bonds to be
listed on Nordic ABM. The net proceeds from the bond issue will be used to refinance KIST04 and for
general corporate purposes.