Dynamic Technologies Group Inc., with reference to its prior news releases dated April 29, 2019, July 15, 2020 and October 7, 2020, announced that the Company has amended its USD 28.7 million senior credit agreement (“Senior Credit Agreement”). As of now, the Senior Credit Agreement has an aggregated outstanding balance of USD 14.3 million. The amendment to the Senior Credit Agreement extends the maturity for one of the credit facilities (the “Extended Facility”) from January 31, 2022 to February 28, 2022.

The amount outstanding on the Extended Facility is USD 10.4 million. One of the other credit facilities governed by the Senior Credit Agreement has been repaid in full, and the other credit facility governed by the Senior Credit Agreement has an outstanding balance of USD 3.9 million and is repayable on or before June 30, 2022.