On June 21, 2021, Navistar International Corporation issued a conditional call for redemption of all of its outstanding $1,100,000,000 6.625% Senior Notes due 2025 (the Senior Notes). The redemption price of the Senior Notes is 103.313% of the principal amount redeemed, which amount is equal to $1,033.13 per $1,000 principal amount of the Senior Notes, plus accrued and unpaid interest up to, but not including, July 1, 2021 (the Senior Notes Redemption Date), in accordance with the provisions of the indenture governing the Senior Notes. The redemption is subject to and expressly conditioned upon the consummation of the merger of Dusk Inc. (the Merger Subsidiary"), a wholly owned indirect subsidiary of TRATON SE, with and into Navistar (the Merger"), with Navistar continuing as the surviving corporation and an indirect subsidiary of TRATON SE following the consummation of the Merger, pursuant to an Agreement and Plan of Merger, dated as of November 7, 2020, among Navistar, TRATON SE and the Merger Subsidiary (the Merger Agreement") (such consummation, the Merger Condition"). The Senior Note Redemption Date will be delayed until such time as the Merger Condition is satisfied or waived or the conditional notice is rescinded if the Merger Condition is not satisfied or waived by the Senior Notes Redemption Date or the Senior Notes Redemption Date as it may be delayed. On June 21, 2021, Navistar delivered a notice (the Senior Secured Notes Redemption Extension Notice") of extension of the redemption date for its previously announced election to redeem in full (the Senior Secured Notes Redemption), subject to the satisfaction of the Merger Condition, its outstanding $600,000,000 9.500% Senior Secured Notes due 2025 (the Senior Secured Notes), upon the terms of, and subject to the condition set forth in, the Notice of Conditional Full Redemption sent to the holders of the Senior Secured Notes on April 26, 2021 (the Senior Secured Notes Redemption Notice) in accordance with the terms of the indenture related to the Senior Secured Notes. The redemption date as set forth in the Senior Secured Notes Redemption Notice was initially June 25, 2021. The Senior Secured Notes Redemption Extension Notice is subject to and conditioned on the satisfaction of the Merger Condition, which will not be satisfied on or before June 25, 2021. As a result, in accordance with the Senior Secured Notes Redemption Extension Notice and the indenture related to the Senior Secured Notes, the date fixed for redemption is now July 1, 2021, unless such date is further delayed. Other than as stated above, the terms of the Senior Secured Notes Redemption are unchanged from those stated in the Senior Secured Notes Redemption Notice.