Successful Completion of Debt Refinancing

Accsys, the world's leading supplier of premium, high performance and sustainable wood building materials, today announces that it has agreed new debt financing facilities (the "Facilities") of €55 million, provided on an equal basis by ABN AMRO Bank N.V. ("ABN AMRO") and HSBC UK Bank PLC ("HSBC") (together, the "Banks").

The Facilities comprise of a €20 million term loan and a €35 million Revolving Credit Facility and are committed for a three-year term, maturing in October 2028. The Facilities include an option, at the Banks' discretion, to extend for a further year to October 2029. Pricing terms on the Facilities are improved, together with lower quarterly capital repayments compared to the current €52.1 million facility held with ABN AMRO, which was due to mature in September 2027.

The refinancing replaces the current ABN AMRO facility, provides additional liquidity for the Group and strengthens the Group's financial position on improved financial terms.

Jelena Arsic van Os, Chief Executive Officer, commented:

"This strategic re-financing model strengthens our capital structure, enhances financial flexibility and further de-risks our profile, positioning us to execute our FOCUS strategy and growth plans with greater confidence and resilience."

Sameet Vohra, Chief Financial Officer, commented:

"The success of this refinancing demonstrates continued strong support from ABN AMRO, and we are delighted to partner with HSBC, a bank of significant strength and reputation. We are pleased to have secured improved financing facilities and we would like to take this opportunity to thank ABN AMRO and HSBC who have demonstrated confidence in our business model and strategy."

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