Solör Bioenergi Holding AB finalizes refinancing

Reference is made to Solör Bioenergi Holding AB’s (the “Company”) previous stock exchange
announcements regarding its refinancing. The Solør Bioenergy Group has today closed the
refinancing of its entire debt.

The Company has today repaid its NOK 650 million senior secured bond issue 2012/2017 with ISIN
NO 001 0662356 (the “NOK Bond”) and its SEK 950 million senior secured bond issue 2014/2019 with
ISIN SE 000 5999687 (the “SEK Bond”) in accordance with earlier announcements. The Company has
today also refinanced all bank debt in its Swedish and Norwegian wholly-owned subsidiaries.

About Solør Bioenergy Group
Solør Bioenergy Group comprises bioenergy companies which are providing essential energy services
in Sweden, Norway and Poland. The Group produces wood-based bioenergy for the public and
private sector including private households, municipalities, industrial customers and local/regional
governments. As a leading bioenergy company, the Group is operating in the entire value chain from
procurement, production and distribution to sale of energy in form of district heating, industrial
steam, electricity and various biomass products.

Contact
Daniel Jilkén, CLO
Phone +41 76 761 27 90, email daniel.jilken@solorbioenergi.com

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NOK 650 million bond – ISIN NO 001 0662356 and the SEK 950 million bond – ISIN SE 0005999687

Reference is made to Solör Bioenergi Holding AB’s previous stock exchange announcements
regarding the Nordic Bioenergy Infrastructure AS transaction. Solør Bioenergi Holding AS has today
completed the acquisition of all outstanding shares in Nordic Bioenergy Infrastructure AS.

About Solør Bioenergy Group
Solør Bioenergy Group comprises bioenergy companies which are providing essential energy services
in Sweden, Norway and Poland. The Group produces wood-based bioenergy for the public and
private sector including private households, municipalities, industrial customers and local/regional
governments. As a leading bioenergy company, the Group is operating in the entire value chain from
procurement, production and distribution to sale of energy in form of district heating, industrial
steam, electricity and various biomass products.

Contact
Daniel Jilkén, CLO
Phone +41 76 761 27 90, email
daniel.jilken@solorbioenergi.com

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Solör Bioenergi Holding AB secures new financing and redemption of bonds

Reference is made to Solör Bioenergi Holding AB’s (the “Company”) stock exchange announcements
regarding the offer to purchase Nordic Bioenergy Infrastructure AS (the “Acquisition”). As mentioned
in the stock exchange announcement dated 23 March 2017, the Acquisition is contingent upon
several conditions, including financing.

“Solör Bioenergi Holding AB has today signed an agreement for a senior secured bank financing with
a bank syndicate comprising European and Nordic banks as well as an agreement for junior financing
with an international finance institution. The Company is now well positioned to pursue its growth
strategy.” says Martinus Brandal, chairman and CEO.

The senior secured bank financing will be secured by the assets in the Company’s Swedish district
heating business. As a consequence of the new financing, the Company waives its financing condition
for the Acquisition.

The new financing provides the Company with sufficient financing to exercise the right of early
redemption of its NOK 650 million senior secured bond issue 2012/2017 with ISIN NO 001 0662356
(the “NOK Bond”) and its SEK 950 million senior secured bond issue 2014/2019 with ISIN SE 000
5999687 (the “SEK Bond”), as resolved by a bondholders’ meeting for the NOK Bond held 30 March
2017 and through a written procedure for the SEK Bond that ended 4 April 2017. The Company will
exercise the right of early redemption of both the NOK Bond and the SEK Bond today, and
redemption is expected to take place on 26 April 2017.

About Solør Bioenergy Group
Solør Bioenergy Group comprises bioenergy companies which are providing essential energy services
in Sweden, Norway and Poland. The Group produces wood-based bioenergy for the public and
private sector including private households, municipalities, industrial customers and local/regional
governments. As a leading bioenergy company, the Group is operating in the entire value chain from
procurement, production and distribution to sale of energy in form of district heating, industrial
steam, electricity and various biomass products.

Contact
Daniel Jilkén, CLO
Phone +41 76 761 27 90, email daniel.jilken@solorbioenergi.com

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Notice of Early Voluntary Redemption

Solör Bioenergi Holding AB (publ) (the “Company”) hereby gives notice to all holders of the
Company’s SEK 950,000,000 senior secured floating rate bonds due 2019 with ISIN SE0005999687
(the “Bonds”) of its exercise of the early voluntary redemption option in relation to the total
outstanding principal amount of the Bonds in accordance with condition 11.3 of the amended and
restated terms and conditions of the Bonds dated 6 April 2017 (the “Conditions”).
Terms defined in the Conditions shall have the same meaning when used herein, unless otherwise
defined.

The date on which the redemption will occur will be 26 April 2017 (the “Early Redemption Date”).
The total outstanding amount of the Bonds is SEK 950,000,000.
The Bonds will be redeemed at an amount equal to the sum of 100.00 per cent. of the Nominal
Amount plus accrued but unpaid interest, from, but excluding, the preceding Interest Payment Date
(10 March 2017) up to, and including, the Early Redemption Date (26 April 2017) (the “Call Option
Amount”).

The Call Option Amount will be disbursed on the Early Redemption Date to Holders registered as
owners of the Bonds with Euroclear Sweden AB on the Record Date which will be 19 April 2017.
The last trading date to have a transaction registered is 13 April 2017.
In conjunction with the early redemption, the Bonds will be delisted from the corporate bond list at
NASDAQ Stockholm.
This notice of early redemption is irrevocable and is governed by Swedish law.

About Solør Bioenergy Group
Solør Bioenergy Group comprises bioenergy companies which are providing essential energy
services in Sweden, Norway and Poland. The Group produces wood-based bioenergy for the
public and private sector including private households, municipalities, industrial customers
and local/regional governments. As a leading bioenergy company, the Group is operating in
the entire value chain from procurement, production and distribution to sale of energy in form
of district heating, industrial steam, electricity and various biomass products.

Contact
Daniel Jilkén, CLO
Phone +41 76 761 27 90, email daniel.jilken@solorbioenergi.com

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Solör Bioenergys bondholders meeting

Notice from bondholders’ meeting in Solör Bioenergi Holding AB’s NOK 650 million bond – ISIN NO 001 0662356.

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Nordic Bioenergy Infrastructure AS’ shareholders accept offer

Solør Bioenergy has offered the shareholders of Nordic Bioenergy Infrastructure AS NOK 28.75 per
share in the company. The offer has been accepted today by an extraordinary shareholders’
meeting in Nordic Bioenergy Infrastructure AS.

Solør Bioenergi Holding AS (the Offeror), a wholly owned subsidiary of Solör Bioenergi Holding AB
(publ), announced a conditional offer to acquire all outstanding shares in Nordic Bioenergy
Infrastructure AS (the Company) on certain terms and conditions (the Offer) on 6 March 2017. The
Offer was revised on 14 March 2017 (the Revised Offer).

The shareholders of the Company have today on an extraordinary shareholders’ meeting decided to
accept the Revised Offer. No shareholders voted against the Revised Offer.
The Revised Offer is contingent upon several conditions, including financing, ordinary course of
business of the Company, and others. The Revised Offer price is NOK 28.75 per share which gives a
total Revised Offer purchase consideration for all outstanding shares in the Company of NOK
287,500,000, based on 10,000,000 fully diluted shares in the Company and gross-of-fees.
The Revised Offer shall be completed by the Offeror on 30 April 2017.

Solør Bioenergy Group comprises bioenergy companies which are providing essential energy services in Sweden, Norway and Poland. The Group produces wood-based bioenergy for the public and private sector including private households, municipalities, industrial customers and local/regional governments. As a leading bioenergy company, the Group is operating in the entire value chain from procurement, production and distribution to sale of energy in form of district heating, industrial steam, electricity and various biomass products.

Stockholm, 23 March 2017
Contact: Daniel Jilkén, CLO
Phone +41 76 761 27 90, email daniel.jilken@solorbioenergi.com

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Summons to Written Procedure SEK Bond

This voting request for procedure in writing has been sent on 16 March 2017 to Bondholders directly registered in the debt register (Sw. skuldbok) kept by Euroclear Sweden AB as of 15 March 2017. If you are an authorised nominee under the Swedish Financial Instruments Accounts Act or if you otherwise are holding Bonds on behalf of someone else on a Securities Account, please forward this notice to the holder you
represent as soon as possible. For further information, please see below under Section 5.3
(Voting rights and authorisation).

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Summons to Bondholder Meeting NOK Bond

To the Bondholders in:
ISIN NO 0010662356 – FRN Soler Bioenergi Holding AS Senior Secured Bond Issue 2012/2017

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Press release Summons to Bondholders meeting

Summons to bondholders’ meeting/written procedure  – proposals to include early redemption
right in the NOK 650 million bond – ISIN NO 001 0662356 and the SEK 950 million bond – ISIN SE
0005999687

As earlier communicated through Solör Bioenergi Holding AB’s (the “Company”) stock exchange
announcements dated 14 November 2016 and 15 November 2016, the Company has for a period
been working on a refinancing plan for the Company’s NOK 650 million senior secured bond issue
2012/2017 with ISIN NO 001 0662356 (the “NOK Bond”) and the Company’s SEK 950 million senior
secured bond issue 2014/2019 with ISIN SE 000 5999687 (the “SEK Bond”).

The refinancing process is now well advanced and closing is expected to take place mid‐April,
however no later than 31 May 2017. The Company intends to refinance all its existing bond and bank
debt through a syndicate of infrastructure banks and other financing providers and will provide the
Company with a sustainable long‐term capital structure going forward.

In order to facilitate the refinancing, the Company is proposing to the holders of the NOK Bond and
the holders of the SEK Bond to include an early redemption option at 100% of face value of the
bonds in the NOK Bond and the SEK Bond, respectively. The refinancing is conditional upon inter alia
final agreements, required corporate resolutions in the Company, required consents from the
finance syndicate and the Company obtaining an early redemption option for both the NOK Bond and
the SEK Bond.

The Company has received pre‐approvals and voting undertakings to vote in favour of the proposed
early redemption from a majority of the holders of the NOK Bond and from holders representing
over 2/3rds of the SEK Bond.

Further information on the Company’s proposals to the holders of the NOK Bond and the holders of
the SEK Bond may be found in the attached summons to the bondholders’ meeting/written
procedure.

Stockholm, 16 March 2017

Contact: Daniel Jilkén, CLO
Phone +41 76 761 27 90, email daniel.jilken@solorbioenergi.com

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Press release Updated Voluntary Offer NBI

On 6 March 2017 Solør Bioenergi Holding AS (the Offeror), a wholly owned subsidiary of Solör Bioenergi
Holding AB (publ), announced that it had decided to make a conditional offer to acquire all outstanding
shares in Nordic Bioenergy Infrastructure AS (the Company) on certain terms and conditions (the Offer).
The Offeror hereby announces that it has decided to submit a revised offer to acquire all outstanding shares in the Company on certain terms and conditions (the Revised Offer). The Revised Offer is contingent upon
several conditions, including financing, ordinary course of business of the Company, and others.

The Revised Offer price is NOK 28.75 per share which gives a total Revised Offer purchase consideration for
all outstanding shares in the Company of NOK 287 500 000, based on 10 000 000 fully diluted shares in the
Company and gross‐of‐fees. The Board of Directors of the Company has confirmed that it will recommend the Shareholders to accept the
Revised Offer.

The Offeror has received confirmation from shareholders represented on the Board of Directors of the
Company, who in aggregate represent 1 097 000 shares equal to 10.97 % of the share capital in the Company
(on a fully diluted basis), that they will vote in favour of the Revised Offer on the General Meeting which will be convened for the purpose of resolving whether to accept the Revised Offer.

The acceptance period for the Revised Offer is expected to close on 25 March 2017, unless extended by the
Offeror. If the Revised Offer is not completed within 30 April 2017, the Revised Offer will lapse.
This announcement does not in itself constitute an offer and is not intended to be exhaustive. Any Revised
Offer will only be made on the basis of an offer document and can only be accepted pursuant to the terms of
such document. For further information, explicit reference is made to an offer document that will contain
further details regarding the Revised Offer. Such offer document is expected to be sent to shareholders of
Nordic Bioenergy Infrastructure AS as soon as practically possible.
A Revised Offer will not be made in any jurisdiction in which the making of the Revised Offer would not be in compliance with the laws of such jurisdiction. Any Revised Offer and the distribution of this announcement and other information in connection with the Revised Offer may be restricted by law in certain jurisdictions. Solør Bioenergi Holding AS assumes no responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

This release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding the Revised Offer, future plans and objectives of Solør Bioenergi Holding AS are forward-looking statements that involve risk and uncertainties.

There can be no assurances that such statements will prove to be accurate and actual results could differ
materially from those anticipated in such statements.

Solør Bioenergy Group comprises bioenergy companies which are providing essential energy services in Sweden, Norway and Poland. The Group produces wood-based bioenergy for the public and private sector including private households, municipalities, industrial customers and local/regional governments. As a leading bioenergy company, the Group is operating in the entire value chain from procurement, production and distribution to sale of energy in form of district heating, industrial steam, electricity and various biomass products. 

Stockholm, 14 March 2017

Contact: Daniel Jilkén, CLO
Phone +41 76 761 27 90, email daniel.jilken@solorbioenergi.com

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