Borgestad ,27 December 2023 : HöganäsBorgestad , a subsidiary of Borgestad AS (the "Company"), has today repaid its tax debt to Swedish tax authorities ofSEK 75.4 million , with the addition of outstanding interest, through a voluntary early repayment. The tax debt was originally payable in instalments in 2024, 2025 and 2026, and the early repayment is prompted by improved liquidity in the group following receipt of payment in accordance with the result of the arbitration case inVienna , as announced in the Company's stock exchange notification on19 December 2023 , and an improved working capital situation in HöganäsBorgestad . For further information, please contact:Pål Feen Larsen , CEOBorgestad ASA , +47 488 45 333 -- This information is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act. -- AboutBorgestad | www.borgestad.noBorgestad ASA (OSE:BOR) is an investment company focused on real estate and industry. The key investments include Agora Bytom shopping center and the leading refractory manufacturer HöganäsBorgestad . About HöganäsBorgestad | https://hoganasborgestad.com/ HöganäsBorgestad develops, manufactures and delivers refractory products, installations and turnkey solutions that enhance the productivity and competitiveness of industrial customers. The aim is to contribute to the customers' profitability by providing high-value refractory solutions to their challenges. Today, the company is a leading supplier in the refractory market of the Nordic countries and has a global presence in a number of selected application areas.
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