ACCELL AGREES ON STRENGTHENED CAPITAL STRUCTURE FOR FUTURE GROWTH

Heerenveen, the Netherlands - Accell Group (Accell) today took an important step to
improve its financial position and reduce its corporate debt by reaching an agreement
with a majority of its financial stakeholders. Implementation of the recapitalisation is
expected by early Q1 2025. The transaction will lead to a reduction of Accell’s debt by
approximately €600 million, or around 40% of the total debt, from approximately €1.4
billion to approximately €800 million in the operating group. The transaction provides for
additional cash funding to the business of approximately €235 million. The maturity of
the group’s recapitalised debt is extended to 2030. This transaction provides Accell with
a sustainable financial structure, a strengthened liquidity position and an ability to invest
in the business’ future.