In 2023 SIA “Storent Holdings” (the Issuer) completed two reorganizations within Storent group. SIA “SEL investments”, a direct subsidiary of the Issuer, was merged into AS “Storent Investments” (a direct subsidiary of the Issuer), and indirect subsidiaries SIA “SELECTIA” and SIA “SELECTIA PLUS” were merged into SIA “Storent” (an indirect subsidiary of the Issuer).

In 2024 it is contemplated to further simplify Storent group’s legal structure as well as to dispose all equity interest owned by Storent group in Storent OOO, a Storent group company that is registered in Kaliningrad region, Russia. The reorganization plan foresees a contemplated transfer of shares in SIA “Storent” (Latvia), Storent OÜ Estonia, UAB “Storent” (Lithuania), Storent Holding Finland Oy (Finland) and Storent AB (Sweden) from AS “Storent Investments” (a direct subsidiary of the Issuer) to the Issuer. As a result of the reorganization the share capital of SIA “Storent Holdings” (the Issuer) will be increased to EUR 33 500 000. After completion of the reorganization, the value of the share capital of AS “Storent Investments” and the shares owned by it in Storent OOO is estimated to be EUR 100 000, and for such price it is contemplated to sell the shares owned by the Issuer in AS “Storent Investments” to the third party.

During the first quarter of 2024 it is also contemplated to change the corporate name of SIA “Storent Holdings” to “Storent Holding” as well as to change the corporate form from a limited liability company (sabiedrība ar ierobežotu atbildību or SIA) to a joint stock company (akciju sabiedrība or AS).

The above changes do not negatively affect the creditors of the Issuer, including noteholders. According to the Base Prospectus of the Issuer the discharge and performance of the notes by the Issuer are guaranteed by SIA “Storent”, which holds substantial share of fixed assets of Storent group.

The structure of Storent group after the contemplated completion of the reorganization, sale of shares of AS “Storent Investments” and change of the corporate name and form of the Issuer, is attached.

Baiba Onkele

Storent Holdings CFO

Mobile: + 371 29340012

E-mail: baiba.onkele@storent.com

https://www.storentholding.com/