Commentary & Deal Flow

Tornator Oyj, a leading European forestry company specialized in sustainable forestry, (ticker: "TORNAT", country: FI) rated Baa3 (stable) by Moody’s, has mandated Danske Bank, OP Corporate Bank and SEB as Joint Bookrunners to arrange a series of fixed income investor calls to be scheduled commencing 15-Sep-26. An electronic investor presentation will be made available. Danske Bank will be coordinating logistics.

An expected €300m, Reg S, Senior Secured Green Long 6yr € offering will follow, subject to market conditions.

Call Schedule:
15-Sep-26
Small group investor call (in Finnish): 07:30 UKT / 08:30 CEST / 09:30 EEST
Call #1: 08:30 UKT / 09:30 CEST / 10:30 EEST
Call #2: 09:30 UKT / 10:30 CEST / 11:30 EEST
Call #3: 11:00 UKT / 12:00 CEST / 13:00 EEST
Call #4: 12:00 UKT / 13:00 CEST / 14:00 EEST
Call #5: 13:00 UKT / 14:00 CEST / 15:00 EEST
Call #6: 14:00 UKT / 15:00 CEST / 16:00 EEST
Call #7: 15:00 UKT / 16:00 CEST / 17:00 EEST
Call #8: 16:00 UKT / 17:00 CEST / 18:00 EEST

DealRoadshow Information:
https://dealroadshow.finsight.com/e/TORNATOR26 OR
Visit www.dealroadshow.com and enter the deal entry code: TORNATOR26

• Expected Issue Rating: Baa3 by Moody’s
• Governing Law: Finnish law
• Listing: Helsinki Stock Exchange
• Use of Proceeds: The proceeds will be used to refinance Tornator’s existing indebtedness, including to redeem the EUR 350m 1.250% Notes due 14-Oct-26 (ISIN: FI4000442108) (“2026 Notes”). An amount equivalent to the net proceeds of the Notes will be used for financing and/or refinancing of Eligible Green Assets in accordance with the Issuer’s Green Finance Framework.
• Green Finance Framework: The Green Finance Framework dated Apr-26, and Second Party Opinion dated 20-Apr-26, are available at the company website at: https://www.tornator.fi/en/green-finance/. SEB acts as Sole Green Structuring Adviser.
• Target Market: Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK.