Rex International Holding Limited (“Rex International Holding”, “Rex”
or the “Company”, and together with its subsidiaries, the “Group”) wishes to announce that its 91.65
per cent subsidiary Lime Petroleum AS (“Lime Petroleum”) has engaged ABG Sundal Collier ASA
(“ABGSC”) to carry out a tap issue of up to NOK 50 million (approximately US$4.8 million) by utilising
the option to tap the Lime Petroleum AS FRN Senior Secured Bond Issue 2022/2025 (ISIN
NO0012559246) (the “Bond”) in accordance with the loan agreement for the Bond (the “Tap Issue”).
Details regarding the Bond can be found in the Company’s press releases dated 22 June 2022 and
29 June 2022.
On 11 January 2023, the Company announced that Lime Petroleum had raised NOK 250 million by
tapping on the Bond.