HYBRID CAPITAL SECURITIES (CATME HO1)

Hybrid capital securities are denominated, subordinated, perpetual capital securities whose first possible redemption date occurs five years after the issue date in 2020. The hybrids are treated as equity under current IFRS reporting standards. Each hybrid has a nominal value of SEK 100 and a variable coupon of 3-month STIBOR plus 8 percent per annum. Catena Media has the option to redeem the hybrid capital securities five years post-issuance in July 2025. If they are not redeemed at that time, the base interest rate will increase by 300 basis points from 8 percent to 11 percent, and then by an additional 100 basis points per year in the following years.

In 2025, the company communicated its intention to suspend interest payments on the hybrid capital securities until further notice and announced that the instrument will not be redeemed in the near term. The purpose of the suspension is to ease Catena Media's financial burden and allow the company to create headroom for tech-facing investments necessary to drive the business forward.

TERMS AND CONDITIONS FOR CATENA MEDIA PLC