AS Grenardi Group (registration No. 40203279291; the Company) informs that on 21 May 2026 the Company, as borrower, entered into two financing agreements with Signet Bank AS (registration No. 40003043232; the Bank), as lender:

• a Credit Agreement for a term loan of EUR 11,000,000
• a Credit Line Agreement for a revolving credit line with a limit of EUR 4,000,000

The financing from the Bank has been raised to refinance the Company’s existing liabilities and to fund the Company’s general financing needs.

To secure the performance of the obligations under both financing agreements, the Company and its subsidiaries in Latvia, Czechia, Estonia and Lithuania have established, in favour of the Bank, a single collateral package comprising:

• commercial pledges over the entire property of the Company and its subsidiaries as an aggregate of assets, including present and future assets, except for the property of the Company’s subsidiary in Czechia;
• commercial pledges over the capital shares of the Company’s subsidiaries;
• financial pledges over the cash held with the Bank;
• guarantees provided by the Company and its subsidiaries.

The commercial pledges over the property of the Company and its subsidiaries are registered on a pari passu basis with the security securing the obligations of the Company’s bond issue ISIN LV0000860195. ZAB VILGERTS SIA (reg. No. 40203309933) acts as the collateral agent. The collateral agent ensures the enforcement of the commercial pledges and the distribution of the proceeds obtained between the bondholders and the Bank in accordance with the pari passu principle.

All pledges and guarantees secure the claims in full (principal and ancillary claims). The transaction does not change the Company’s share capital or the rights of holders of its listed securities.

About Grenardi Group

AS Grenardi Group is the parent company of GIVEN and GRENARDI in the Baltics, as well as GOLDLIGHT in Latvia. As of March 31, 2026, AS Grenardi Group operates a total of 90 stores – of which 74 GIVEN chain stores, 7 GRENARDI chain stores and 9 GOLDLIGHT chain stores. Additionally, the Group has seven online stores: www.given.lv, www.given.ee, www.given.lt, www.grenardi.lv, www.grenardi.ee, www.grenardi.cz and www.goldlight.lv.

GIVEN is a jewellery brand that stands for joy, beauty, love, creativity, and sustainability by expressing this in its jewellery – through design, unique collections of brands, and carefully considered details, making the valuable accessible.

GRENARDI has been the leading luxury jewellery retail chain in Latvia and Estonia for more than 25 years, and in 2025 entered the Czech market by opening two jewellery salons on Prague's main shopping street. GRENARDI offers an extensive assortment of world-renowned luxury jewellery brands and sophisticated private collections.

GOLDLIGHT is a well-known jewellery retailer in Riga, Latvia offering its customers a wide assortment of gold, silver and diamond jewellery, as well as brands such as Nomination, Ti Sento, Mirco Visconti and others.

GOLDWORK has been providing jewellery repair services for over 20 years and has extensive industry expertise. The services offered by GOLDWORK include jewellery repair, maintenance and restoration.