Core Viewpoint - Lassila & Tikanoja plc is initiating a written procedure to solicit consents, waivers, and decisions to amend the terms of its EUR 75 million sustainability-linked notes due in 2028, in relation to a planned partial demerger of the company [2][4]. Group 1: Demerger Details - The demerger will transfer all assets, debts, and liabilities related to the Circular Economy business area to a new independent company named Lassila & Tikanoja Plc [2]. - The new company will assume all obligations and liabilities under the sustainability-linked notes, effectively becoming the new issuer of these notes [3]. Group 2: Consent Solicitation Process - The demerger plan constitutes a put option event, allowing noteholders to demand early redemption of the notes regardless of the proposal's approval [4]. - A consent fee of 0.20% will be offered to noteholders who vote in favor or abstain from voting, with an additional early bird consent fee of 0.10% for those voting in favor by a specified deadline [6]. Group 3: Voting and Approval - A quorum for the written procedure requires participation from noteholders holding at least 50% of the principal amount of the notes [7]. - The proposal will be approved if more than 50% of the votes cast are in favor, and if less than 50% respond, the response period may be extended [7]. Group 4: Implementation Timeline - The proposal is subject to approval and the completion of the demerger by March 31, 2026, with the effective date expected around December 31, 2025 [6][9]. - If the proposal is not approved or the demerger does not occur by the backstop date, the terms of the notes will remain unchanged [9].

Company Announcement - Lassila & Tikanoja plc will publish its Half-Year Financial Report for January-June on 7 August 2025 at 8.00 am [2] - A webcast for analysts, investors, and media will be hosted on the same day at 10.30 am EET [2][3] - The presentation material will be available on the company's website after the report publication [2] Company Overview - Lassila & Tikanoja is a service company focused on implementing the circular economy, enhancing the use of raw materials and energy [4] - The company aims to create value for customers, personnel, and society while also growing shareholder value [4] - In 2024, the company reported net sales of EUR 770.7 million and employs approximately 7,400 people across Finland and Sweden [4]

| Circular Economy Business | 310.8 | 315.0 | 309.3 | 299.7 | | --- | --- | --- | --- | --- | | Facility Services Finland | 22.2 | 21.3 | 22.2 | 17.0 | | Facility Services Sweden | 59.8 | 58.2 | 58.7 | 29.9 | | Group functions and eliminations | 24.9 | 37.5 | 50.1 | 49.5 | | L&T Total | 417.6 | 432.0 | 440.3 | 396.1 | | Return on capital employed (ROCE) | 2024 | 2024 | 2024 | 2024 | | % | 31 Mar | 30 Jun | 30 Sep | 31 Dec | | Circular Economy Business | 13.1 | 13.5 | 13.0 | 13.8 | | Facility Services Finlan ...