On 8 December 2017, a notice of written procedure was sent to the bondholders, in which West Atlantic AB (publ) (the “Company”) requested that bondholders should approve to waive the undertaking and compliance with the maintenance test until 31 March 2018, as further described in the notice of written procedure (the “Notice”). The voting period expired on 29 December 2017.

A sufficient number of votes was obtained in order to form a quorum and a requisite majority of the voting bondholders voted in favour of the waiver request.

The waiver became effective as from the expiry of the voting period.

The Notice is available at the Company’s website (www.westatlantic.eu).