B2Holding ASA - Fixed Income Investor Meetings and Trading Update

Oslo, 17 January 2023: B2Holding ASA, rated B+ (Stable) by S&P and Ba3 (Stable)
by Moody's, has mandated DNB Markets and Nordea as Global Coordinators and Joint
Bookrunners and Sparebank1 Markets as Co-Manager to arrange a series of fixed
income investor meetings commencing Tuesday, 17 January 2023. A tap issue of the
outstanding senior unsecured bonds due 22 September 2026 (ISIN: NO0012704107) of
minimum EUR 75 million may follow, subject to inter alia market conditions.

In connection with the potential tap issue, B2Holding may offer a conditional
buy-back in its outstanding bond with ticker B2H04 (ISIN: NO0010822646) which
will be contingent upon subscription in the tap issue.

Trading Update
In connection with the upcoming investor meetings, and possible tap issue, the
Company is hereby releasing a trading update based on preliminary financial
information for the fourth quarter of 2022 (comparable figures for Q4 2021 in
brackets). 

Cash collections of NOK 1,492 million (NOK 1,136 million) 
- up 31% y-o-y 

Portfolio investments of NOK 1,194 million (NOK 552 million) 
- up 116% y-o-y 

Total gross ERC at end of quarter of NOK 21,677 million (NOK 19,918 million) 
- up 9% y-o-y

Leverage Ratio at end of quarter at 2.4x (2.4x)
- unchanged y-o-y

B2Holding experienced a quarter with strong cash collections of NOK 1.5 billion
and Cash EBITDA expected to be around NOK 1.1 billion. The company has invested
in portfolios of NOK 1.2 billion during the quarter of which NOK 425 million has
been invested in participation notes in two of the existing "JVs" in South
Eastern Europe. The investments in the fourth quarter are divided between South
Eastern Europe (43%), Western Europe (22%), Poland (21%) and Northern Europe
(13%). Over the last 12 months, B2Holding has acquired portfolios for NOK 2.6
billion (up 115% y-o-y). The leverage ratio is stable at 2.4x despite the
significant increase in portfolio investments in the fourth quarter. 

B2Holding has per the end of the fourth quarter approx. NOK 3.2 billion in
liquidity reserve. The additional proceeds from a new bond issue and cash flow
generated from operations going forward, will increase the liquidity reserve
accordingly.

For further information, please contact: 
André Adolfsen, CFO 
Mobile: [phone] 
E-mail: [e-mail] 

or 

Rasmus Hansson, Head of Commercial Strategy and Investor Relations 
Mobile: [phone] 
E-mail: [e-mail]


This information is published in accordance with the requirements in Oslo Børs'
issuer rules and the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act. 

About B2Holding Group 
B2Holding ASA is a Nordic-based debt solutions provider with platforms in over
20 European countries. B2Holding has experienced significant growth since its
inception in 2011 and has established itself as one of the leading European debt
purchasers and a solution-oriented partner within the debt servicing industry.
The head office is in Oslo, Norway, and the B2Holding share is listed on the
Oslo Stock Exchange under the ticker "B2H".

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