AS “Storent Investments”, registration number: 40103834303 (hereinafter - the Issuer), in accordance with Clause 20 of the Terms and Conditions of Notes dated 5 March 2020 governing the Notes issued by the Issuer on 19 March 2020 (ISIN: LV0000802411) (hereinafter - the Terms and Conditions) as of 14 February 2022 instigates a Written Procedure to obtain the Noteholders' consent on amendments to the Terms and Conditions.

Continuing spread of Covid-19 is still having a significant impact on the main markets where the Issuer operates. A state of emergency and various restrictions have been introduced in all EU countries, creating significant business constraints. The Issuer continues to operate in the usual manner by taking precautionary measures. Taking into account uncertainty regarding the further impact of Covid-19 on the Issuer's employees, clients and the economy as a whole, the Issuer's management would like to modify financial covenants provided in the Terms and Conditions to continue to fully comply also in the future.

In accordance with the proposed amendments to the Terms and Conditions, the Issuer proposes to modify Shareholders Equity to Assets Ratio covenant to include in the equity calculation also loans from the Issuer's shareholders and to modify Net Debt/EBITDA Ratio covenant to exclude loans from the Issuer's shareholders from the net indebtedness of the Issuer. This will allow the Issuer to safely comply with the financial covenants until maturity of the Notes. Maturity of all shareholders loans has been prolonged to the end of 2023. As of 31 December 2021, the amount of the shareholders loans was 6 023 340 EUR.

In the light of the above considerations, the Issuer invites the Noteholders to support the proposed amendments to the Terms and Conditions.

If as a result of the voting of the Noteholders the amendments proposed to the Terms and Conditions are approved, the Issuer agrees within 10 (ten) Business Days after publication of the Issuer’s notice on entry into force of the amendments to the Terms and Conditions to pay each Noteholder, who in accordance with a list prepared by Nasdaq CSD SE is a Noteholder on 7 February 2022 and who has voted “for” the amendments proposed to the Terms and Conditions, an amendment fee in the amount of 0.25 % (zero point twenty-five per cent) from the principal amount of the Notes held by the respective Noteholder. For tax purposes the amendment fee is treated as interest payment and the Issuer will make a payment net of applicable withholding taxes.

Announcement on instigation of Written Procedure for receipt of the Noteholders’ consent, which contains a detailed information on participation in the voting and timing of the voting, proposed amendments to the Terms and Conditions, the voting form and the form of proxy are attached hereto.

The Issuer has authorized Redgate Capital to manage the voting process, incl. conducting necessary negotiations with the Noteholders. The Issuer invites all Noteholders to be responsive, to thoroughly familiarize themselves with the proposed amendments and to submit their votes by 25 February 2022.

Baiba Onkele

AS Storent Investments CFO

Mobile: + 371 29340012

E-mail: baiba.onkele@storent.com

www.storent.com