Press release, May 5 2019

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Jotul Holdings SA's bonds have been approved for listing on Nasdaq Stockholm.

Jotul Holdings SA (the "Company") has issued a senior securedbond loan in an initial amount of NOK 250,000,000 and issued subsequent bonds of NOK 90,000,000, within a total framework amount of NOK 340,000,000, on the Nordic bond market. The bonds carry a floating interest rate of NIBOR 3m + 7.00 per cent. per annum and matures 31 January 2022.

As previously communicated, the Company has prepared a bond prospectus which was approved by the Commission de Surveillance du Secteur Financier in Luxembourg on 12 April 2019 and was subsequently notified to the Swedish Financial Supervisory Authority. The Company's application for admission to trading on Nasdaq Stockholm's corporate bond list has been approved and first day of trading will occur on 6 May 2019.


For further information, please contact:

Jøtul Group

Nils Agnar Brunborg

Tel: +47 906 05 578