Capital Note Repurchase

In a separate move, Alm. Brand invited holders of its existing DKK 900 million Tier 2 Capital Notes (ISIN DK0030487806) to tender for repurchase at a purchase price of 100.350 % plus accrued and unpaid interest. The tender offer closed at 16:00 CEST on 17 June 2026, and the company accepted all validly tendered notes in full. As of the deadline, DKK 534 million in nominal amount had been tendered, leaving an outstanding amount of DKK 366 million. Settlement of the repurchase is expected on 23 June 2026, subject to the conditions described in the tender information document. The repurchase, combined with the new issuance, is intended to refinance or reduce Alm. Brand’s debt obligations and improve its financial flexibility, potentially enhancing its credit profile and shareholder equity.