NES Fircroft Bondco AS: Successful placement of new USD 650 Million Senior Secured Callable Bond Issue and Redemption of NESFB02.

16 July 2026

NES Fircroft Bondco AS ("NES Fircroft" or the "Company") is pleased to announce that it has successfully completed a new 5-year senior secured callable bond issue of USD 650 million with a coupon rate of 10.00 percent per annum.

The net proceeds from the contemplated bond issue will be applied to repay in full the Company's existing USD 350 million senior secured bonds with ticker "NESFB02"(ISIN NO0013333419) (the "Existing Bonds"), finance the recapitalization, and general corporate purposes. Settlement of the bond issue is expected on or about 13 August 2026 (the "Issue Date"). Redemption of the Existing Bonds is expected to occur on or about 19 August 2026 and the Company will prior to such date issue an irrevocable and conditional call notice for full redemption of the Existing Bonds at the prevailing call price, which will include further details for the redemption.

Pareto Securities AB acted as sole global coordinator, and Pareto Securities AB and ABG Sundal Collier ASA acted as joint bookrunners. Roschier Advokatbyrå AB acted as legal advisor to the joint bookrunners and Advokatfirmaet Thommessen AS acted as legal advisor to the Company.

NES Fircroft is the world’s leading engineering staffing provider, delivering workforce solutions to the global energy industry. It spans various sectors including Oil & Gas, Power & Renewables, Infrastructure, Life Sciences, Mining, Automotive, and Chemicals worldwide.

Contact:

Mark Le Vesconte, Group Finance Director, mark.levesconte@nesfircroft.com

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act and requirements under the EU Market Abuse Regulation.