Notice Regarding Uab „orkela“ Financial Statements for 3-Month Period Ended 31 March 2025

Company Overview - UAB "Orkela" is a private limited company registered on September 24, 2015, with its registered office in Vilnius and no branches or representative offices [1] Main Business Activities - The primary activity of the Company is real estate development and construction, owning a land plot and building complex in Vilnius, and is currently developing a lyceum and hotel complex [2] Key Events in Q1 2025 - A bondholders' meeting on January 9, 2025, resulted in the decision to extend the bond redemption deadline to July 19, 2025 [4] - On April 10, 2025, the State Territorial Planning and Construction Inspectorate approved the completion of the administrative part of the development project [4] Financial Overview for Q1 2025 - The Company invested €9.7 million in project development during the first quarter of 2025 [4] - Project-related expenses amounted to €269.8 thousand, while project financing costs were €892.7 thousand [4] - As of March 31, 2025, the Company's total assets reached €60,825 thousand, an increase from €52,376 thousand as of December 31, 2024 [4]