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Bayport Management Ltd ("BML") is pleased to announce it has successfully completed a transformative transaction that extends its debt maturities and enhances its liquidity position and is looking forward to continuing down a path of growth and value creation for all stakeholders.

Following the market announcement on 11 December 2024 regarding BML's successful refinancing of its

existing senior and subordinated loans and the incurrence of a super senior new money facility by Bayport

Intermediate HoldCo PLC ("Intermediate HoldCo") as part of the recapitalisation transaction

("Recapitalisation Transaction"), BML confirms that its (i) outstanding senior unsecured social bonds due 2025

with ISIN NO0012496688 and (ii) subordinated social bonds due 2025 with ISIN NO0012496696 have been

exchanged for (1) senior secured floating rate social notes due June 2028 with ISIN NO0013419457 issued by

Intermediate Holdco and (2) subordinated secured floating rate social notes due December 2028 with ISIN

NO0013411678 issued by BML, respectively. This marks the formal completion of the Recapitalisation

Transaction.

By order of the Board

13 December 2024

Bayport Management Ltd is required to make public this information in accordance with EU Market Abuse Regulation. The information was released for publication, through the agency of the contact person set out below, on 13 December 2024.

This notice is issued pursuant to Listing Rule 11.3 and 11.5 of the Stock Exchange of Mauritius Ltd. The Board of Directors of Bayport Management Ltd accepts full responsibility for the accuracy of the information contained in this Communique.

SEM Authorised Representative & Sponsor and

Mauritian Corporate Advisor

Company Secretary

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Bayport Management Ltd. published this content on December 13, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on December 13, 2024 at 05:26:00.765.