EVRY ASA -NEW FINANCING SECURED

Oslo, 17 March 2015

Reference is made to the voluntary tender offer (the "Offer") for all shares issued by EVRY ASA ("EVRY" or the "Company") made by the wholly owned subsidiary of the Apax funds, Lyngen Bidco AS ("Lyngen"), and the notices for two extraordinary general meetings of the Company distributed on 2 March 2015. The Offer was settled on 16 March 2015 and Lyngen has become owner of approximately 88% of the shares in the Company.

As stated in the notice of the (second) extraordinary general meeting to be held on 23 March 2015 (at 12:00 CET), the completion of the Offer constitutes a change of control event in the Company's current financing facilities, triggering the need for a renewed financing arrangement. EVRY has in conjunction with the Offer completed a new financing, securing the group with market terms financing for a new term of six to seven years. Current facilities expire during 2016, and would in any event have had to be refinanced.

The Company has today resolved to enter into a new financing arrangement with a syndicate of banks with Wilmington Trust (London) Limited as agent and Bank of America Merrill Lynch International Limited, Credit Suisse AG, London Branch, DNB Bank ASA, Mizuho Bank Limited and Nordea Bank Norge ASA as arrangers.

The new financing consists of various tranches in an aggregate frame of NOK 5.5 billion, with maturity profiles of six and seven years. The new financing ensures that EVRY achieves financial headroom at market rates with initial margins in the range of 4 to 5%, with possibility for reduction given company performance. The covenants are based on e.g. cash interest cover ratio (EBITDA to net financial charges) above a range of 3.00:1  to 3.40:1 until 2020 and above 3.40:1 thereafter, and leverage ratio (net interest bearing debt to EBITDA) less a range from 5.20:1 to 3.10:1 until 2020 and below 3.10:1 thereafter.

Contact persons:
Geir Remman, VP Corporate Communications: + 47 970 55 017
Knut E Røsjorde, CFO: + 47 95 20 57 86

This information is subject of the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act.

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