THE NAVIGATOR COMPANY, S.A.

Public Company

Headquarters: Mitrena, Apartado 55, 2901-861 Setúbal

Registered at the Commercial Register of Setúbal

Share capital: € 500,000,000 - Corporate Entity: 503 025 798

Acquisition of own bonds

As required by number 1 and paragraphs a) and b) of section 2 of article 11 and article 13 of CMVM (Securities Market Commission) Regulation 5/2008, The Navigator Company S.A. ("Navigator") hereby informs that, on December 30th 2020, it purchased 500 own bonds from the "Portucel /2015- 2023" issue, registered at the Central Securities Depository (Central de Valores Mobiliários) managed by Interbolsa under the code PTIIOE (ISIN PTPTIIOE0010).

The purchase was made over the counter at the value of 100,000 € per unit, for a total amount of 50,000,000 €.

On December 31st 2020, Navigator redeemed the bonds acquired, and the amount of 150,000,000 € of that bond issue remains outstanding.

This bond purchase is part of the financial restructuring process of the bonds due in 2023; at the same time Navigator issued new bonds by means of a private offer in the amount of 75,000,000 € due 2025 and 2026 (50% in December 2025 and 50% in December 2026). The new bond issue will be listed on Euronext Access Lisbon as of 06/01/2021 with the ISIN PTPTIEOM0022.

Lisbon, January 5th 2021

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The Navigator Company SA published this content on 06 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2021 10:05:02 UTC