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, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

On 11 February 2021, Citec Group (“Citec“) announced that Sentiec Oyj (“Sentiec“), the parent company of Citec, had issued SEK denominated senior secured bonds (ISIN: SE0015503495) (the “Bonds“) to finance the profitable growth of Citec for the coming years. The Bonds in the amount of SEK 290 million were issued on 2 February 2021.

The Finnish Financial Supervisory Authority (the “FIN-FSA“) has on 1 December 2021 approved the listing prospectus of the Bonds (the “Prospectus“) and the FIN-FSA has on 2 December 2021, at the request of Sentiec, notified Finansinspektionen, the competent authority of Sweden, with a certificate of approval attesting that the Prospectus has been drawn up in accordance with the prospectus regulation.

The Prospectus is available in English on Citec’s website at https://www.citec.com/about-us/investors/.

Sentiec has today submitted an application for the Bonds to be admitted to trading on the corporate bond list of Nasdaq Stockholm Aktiebolag. Trading on the Bonds is expected to commence on or about 8 December,  2021.

About Sentiec and Citec

Sentiec is the parent company of Citec Group. Citec’s expertise is in industrial plant engineering, product engineering, technical documentation and digital solutions. We do multidiscipline engineering and technical documentation worldwide and make an impact on people’s lives through global projects and innovations. Citec is headquartered in Vaasa, Finland, and has offices in Finland, Sweden, Norway, France, Germany and India. We currently employ more than 1,000 persons worldwide.

www.citec.com

Disclaimer

This release is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of Sentiec. The distribution of this release and the related material concerning the issuance and listing of the Bonds may, in certain jurisdictions, be restricted by law. No actions have been taken to register or qualify the Bonds, or otherwise to permit a public offering of the Bonds, in any jurisdiction. Any offering material or documentation related to the Bonds may be received only in compliance with applicable exemptions or restrictions. Persons into whose possession this release or any such offering material or documentation may come are required to inform themselves of and observe all such restrictions. This release and any such offering material or documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction. In particular this release and any such offering material or documentation may not be distributed in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other jurisdiction in which it would not be permissible to offer the Bonds and this release and any related material concerning the issuance of the Bonds may not be sent to any person in the before mentioned jurisdictions. The information contained herein shall not constitute an offer to sell or tender, or a solicitation of an offer to buy or sell any of Sentiec’s securities, including the Bonds, to any person in any jurisdiction in which such offer, solicitation or sale or tender would be unlawful. Sentiec nor its representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting Sentiec’s securities, including the Bonds, are aware of such restrictions.

The Bonds have not been and will not be registered under the U.S. Securities Act of 1933 (as amended, the “U.S. Securities Act“), or under the securities laws of any state or other jurisdiction of the United States. The Bonds may not be offered, sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of, U.S. Persons (as such terms are defined in Regulation S under the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.

The information provided in this release and any offer materials relating to the Bonds is addressed to and directed only at persons in the United Kingdom in circumstances where provisions of section 21(1) of the Financial Services and Markets Act 2000, as amended, do not apply and are solely directed at persons in the United Kingdom who (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order“) or (b) persons falling within Article 49(2)(a) to (d) of the Order, or other persons to whom they may be lawfully communicated (all such persons together being referred to as “relevant persons“). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this document or any of its contents.