Bayport Management Ltd. has mandated ABG Sundal Collier and DNB Markets as Joint Bookrunners to arrange a series of fixed income investor meetings commencing on 25 April, 2022 to explore the possibility to issue senior unsecured social bonds of up to USD 300 million and subordinated social bonds with a targeted amount of USD 50 million, with expected tenors of 3.0 and 3.5 years respectively. A capital markets transaction of the New Social Bonds may follow, subject to market conditions. The net proceeds from the potential issue of the New Social Bonds will be used to ref inance Bayport's outstanding senior unsecured social bonds of USD 260 million maturing on 14 June 2022 and potentially ref inance the subordinated social bonds of USD 80 million maturing on 19 December 2022.

Bayport intends to offer holders of the Existing Social Bonds that are outside the United States, are not U.S. persons and to whom the offer may otherwise be lawfully made to subscribe for the New Social Bonds, while the Company repurchases such holders' Existing Social Bonds at 100.00% of the nominal amount plus any accrued and unpaid interest. Such holders must ensure that they are eligible purchasers and not subject to any transfer restrictions or otherwise restricted to participate in the exchange offer. Conditional upon a successful issuance of the New Social Bonds, the Company will exercise its right to make a voluntary early redemption of all outstanding Senior Unsecured Social Bonds, in accordance with the terms and conditions of the Senior Unsecured Social Bonds.

Gernandt & Danielsson Advokatbyrå has been engaged as lead legal advisor in connection with the issue of the New Social Bonds. The New Social Bonds will be issued in accordance with Bayport's updated Social Finance Framework (the "Framework"). The Framework features financing and refinancing's related to (i) public health, healthcare, and emergency responses, (ii) home improvements and extensions, (iii) education, and (iv) employment generation, and alleviating unemployment.

DNB Markets has acted advisor to Bayport in relation to the updated Framework and S&P Global Ratings has provided a second-party opinion for the Framework.