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2016-11-25

Elematic Oyj: Elematic Oyj requests a waiver from bond holders and receives a waiver from a bank creditor

Elematic Oyj requests a waiver from bond holders and receives a waiver from a
bank creditor

Elematic Oyj Stock Exchange Release 25 November 2016 at 17:00 Finnish time

Elematic Oyj ("Elematic
") has previously in a stock exchange release dated 21 November 2016 announced
that Elematic has signed a term sheet with certain bondholders outlining
amendments of the terms and conditions of the EUR 35,000,000 bonds issued by
Elematic (the "Bonds
").

Negotiations involving the final amended terms and conditions of the Bonds are
still ongoing and not expected to be completed by 30 November 2016, which is
the next interest payment date under the existing terms and conditions of the
Bonds. Elematic has, therefore, today requested the bondholders' agent to
instigate a written procedure on the bondholders' approval of a waiver in
respect of payment of interest falling due for payment on 30 November 2016
until 15 December 2016.

In order to proceed with the negotiations, Elematic has today also agreed with
the bank creditor that they will waive relevant breaches under the bank
credit documents until and including 14 December 2016.

Elematic Oyj

Board of Directors

For additional information, please contact CEO Mats Jungar, +358 3 549 511

DISTRIBUTION:

NASDAQ OMX Helsinki Ltd

Key media

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Elematic Oyj via Globenewswire

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