Rovsing A/S announced that referring to Company Announcement of November 16, 2020, in which it was stated that Rovsing A/S shall refinance a loan of DKK 4,200,000 no later than December 31, 2020. The Company can hereby announce that it has made an agreement with a consortium of 6 lenders for a new loan. Once the new lenders have deposited the funds to Rovsing A/S account, the old loan will be repaid, no later than the 31 of December 2020. The new loan is with the following terms: A loan of DKK 4,200,000 with a term of 36 months; 12% annual interest with quarterly accrual of interest; The loan is non-cancellable for the lender while the borrower is free to repay the loan with 1 weeks’ notice; and when the borrower repays the loan, the lender can choose either to be repaid at a price of 108 in cash or to convert the loan into shares with ordinary liquidity/volatility discount. Existing hareholders Jean Dühring, Catpen A/S and Charmain of the Board of Directors in Rovsing A/S, Michael Hove are part of the consortium of the 6 lenders.