Valerum AB (publ) - Initiates a second written procedure

On 5 November 2020, Valerum AB (publ) (the "Company") instructed the agent for the Company's up to SEK 710,000,000 senior secured bonds with ISIN SE0015192190 (the "Bonds") to initiate a written procedure (the "Written Procedure") to request the bondholders to vote in favour of amending the terms and conditions of the Bonds (the "Terms and Conditions").

As communicated by the Company in a press release dated 1 December 2020, the quorum requirement in accordance with Clause 16(g) of the Terms and Conditions was not met for the Written Procedure and the Company will therefore initiate a second written procedure in accordance with Clause 16(h) the Terms and Conditions (the "Second Written Procedure"). No quorum requirement will apply for the Second Written Procedure in accordance with Clause 16(h) the Terms and Conditions.

The agent will deliver the notice to a second written procedure to all bondholders on 2 December 2020. The Second Written Procedure will commence on 8 December 2020 and end on 30 December 2020. To be eligible to participate in the Second Written Procedure a person must fulfil the formal criteria for being a bondholder on 8 December. This means that the person must be registered on a securities account with Euroclear Sweden AB as a direct registered owner (Sw. direktregistrerad ägare) or authorised nominee (Sw. förvaltare) with respect to one or several Bonds.

The notice to the second written procedure is available on the Company's website (valerum.se) and on Stamdata (www.stamdata.com).