Core Viewpoint - Alm. Brand A/S is initiating a tender offer to repurchase outstanding DKK tier 2 capital notes for a total nominal amount of DKK 400 million, aiming to optimize its capital structure following regulatory approval [1][4]. Group 1: Tender Offer Details - The tender offer includes repurchasing tier 2 capital notes callable in October 2026, with an outstanding amount of DKK 1.3 billion and a minimum denomination of DKK 1 million, at a purchase price of 100.450% [2]. - The tender offer will expire at 12:00 CEST on 17 September 2025, with settlement expected on 22 September 2025 [2]. Group 2: Regulatory Context - The tender offer is part of the company's strategy to optimize its capital structure, following the Danish FSA's approval for an expansion of the Partial Internal Model (PIM), which is expected to significantly reduce the company's solvency capital requirement [4]. Group 3: Dealer Manager Information - Nordea Bank Abp has been appointed as the dealer manager for the tender offer, and inquiries can be directed to the Head of Investor Relations & ESG, Mads Thinggaard [5].