AS Pro Kapital Grupp announces identification and remediation of technical covenant breach under its outstanding bonds 2020/2028

Core Viewpoint - AS Pro Kapital Grupp has identified a technical default due to a breach of the maintenance test covenant by its subsidiary OÜ Kalaranna Kvartal, which has since been remedied through partial loan repayment [1][2][3] Group 1: Covenant Breach Details - The Covenant Breach has been ongoing since November 21, 2025, caused by a loan that led OÜ Kalaranna Kvartal to exceed the allowed threshold under the maintenance test covenant [2] - Following the identification of the breach, OÜ Kalaranna Kvartal has partially repaid the relevant loan, thus remedying the breach and meeting the maintenance test as of the current date [2] Group 2: Impact on Bondholders - The Company has assessed that the technical nature of the Covenant Breach has not had any adverse effect on the bondholders [3]