Signing of an EUR 575 million revolving credit facility agreement and extension of EUR 555 million revolving credit facility agreement

Zenith Pure Oil Plc. (“Zenith Pure Oil”) hereby notifies the market of the following:

EUR 575 million revolving credit facility agreement (the “Agreement”) was signed on the 29 November 2021 by Zenith Pure Oil Finance Zrt. (“FinCo”) as Borrower and Zenith Pure Oil as Guarantor.

Simultaneously, the total available commitment was cancelled under the EUR 615 million revolving credit facility agreement concluded by Zenith Pure Oil on 29 June 2016.

The transaction was coordinated by BNP Paribas and UniCredit, while OTP Bank Plc., will act as Facility Agent.

Zenith Pure Oil achieved highly competitive conditions in the Agreement with the initial margin being 60 basis points. The Agreement was arranged as a club-deal with Zenith Pure Oil’s relationship banks. The tenor of the facility is 5 years and additionally includes two 1-year extension option, it can be drawn in Euros and US Dollars.

The new Agreement further enhances the financial profile of Zenith Pure Oil via maturity profile optimization.

At the same time, the maturity of the EUR 555 million revolving credit facility agreement signed on 9 July 2018 by Zenith Pure Oil Finance S.A. Bertrange, Zürich Branch as Borrower (as predecessor of FinCo in that agreement) and Zenith Pure Oil Plc. as Guarantor changes to the following: EUR 470 million will mature on 9 July 2025, while EUR 50 million on 9 July 2024 and EUR 35 million on 9 July 2023.