ACCELL SECURES STRONG SUPPORT OF CREDITORS FOR RECAPITALISATION

Heerenveen, the Netherlands - Accell Group (Accell) is pleased to announce it has secured sufficient support from its key stakeholders to proceed with implementation of the recapitalisation. The recapitalisation creates a sustainable financial and operational platform for Accell to execute its strategy. Approximately 80% of Accell’s senior term and revolving facility lenders have committed their support for the recapitalisation, while Accell’s other key creditors unanimously back the plan. With this, Accell has reached the required approval thresholds for the implementation of the transaction by way of a UK Scheme of arrangement.