Keystone Academic Solutions AS announces that it has received unconditional and binding subscription forms for MNOK 108 in new equity

Oslo, 22 October 2026 - On 21 September 2026, Keystone Academic Solutions AS (the "Company") announced that it had initiated a written resolution in relation to its FRN senior secured bonds 2025/2029 with ISIN NO0013462671 (the "Bonds") (the "Written Resolution") requesting the holders of Bonds to approve certain amendments to the terms and conditions of the Bonds (the "Proposals"). On 7 October 2026, the Company announced that a requisite majority of the holders of the Bonds had approved of the Proposals.

Implementation of the Proposals is conditional upon the Company receiving no less than NOK 94,795,000 (or the equivalent amount in other currencies) in new equity by way of subordinated loans, shareholder contributions and/or the issuance of shares or other equity instruments by no later than 31 December 2026 (the "Condition").

The Company hereby confirms that it has received unconditional and binding subscription forms for MNOK 108 in new equity. Settlement and payment is expected to occur on 28 October 2026.

Following receipt of the subscription amount and the simultaneous fulfilment of the Condition, the Proposals included in the Written Resolution will be implemented as soon as possible.

Contact person:

[email protected]