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Dott Update on Annual Report Timing

Introduction
Dott, officially known as TIER Mobility SE, has announced an important update regarding its 2025 Annual Report. The company will be initiating a Written Procedure concerning its senior secured floating rate bonds, valued up to EUR 150,000,000. This announcement sheds light on the operational intricacies tied to the completion of their financial statements and the necessary adjustments being made.

Background
The process of auditing financial statements is critical for any public issuer. For Dott, the auditor, PricewaterhouseCoopers, is currently in the advanced stages of this process. However, the company has identified substantial work that remains before these statements can be finalized. The complexity and volume of the tasks at hand have resulted in a necessary delay in meeting the initially scheduled deadline.

New Submission Date
Dott is actively seeking bondholder approval to extend the deadline for delivering the 2025 audited consolidated financial statements, moving the submission date to September 30, 2026. This request is crucial as it prevents any associated events of default that may arise due to the delays in the audit process.

Implications for Bondholders
In connection to the approval of this request, Dott has indicated that bondholders will receive a consent fee equal to 1.00% of the nominal amount of each bond. This fee serves as an incentive for bondholders to approve the proposed changes, ensuring that Dott can proceed without significant disruptions.

Procedure for Vote
The notification regarding this Written Procedure will be communicated through Verdipapirsentralen ASA (Euronext Securities Oslo) to all holders of the bonds registered with the Central Securities Depository (CSD). The voting record for determining eligible participants will close on July 23, 2026, and the last day for casting votes will be at 15:00 CET on August 4, 2026. The results of this vote will be disseminated via a press release, ensuring transparency for all stakeholders.

Dott's Commitment to Transparency
Despite the current delays, Dott maintains its commitment to providing accurate and timely financial information to its stakeholders. The company is working closely with its advisors and auditors to expedite the completion of the audits. So far, there have been no significant findings from the auditing work that would hinder the signing of the financial statements once they are finalized.

Conclusion
In conclusion, while the delay in the 2025 Annual Report submission presents challenges, Dott's proactive measures to extend deadlines and engage with its bondholders reflect a commitment to transparency and accountability. As the timeline progresses, stakeholders are encouraged to stay informed and participate in the voting process that will determine the future course of the company's financial reporting. Questions about the Written Procedure can be directed to the appointed agent, Nordic Trustee Agency AB, at their contact information provided in the formal announcement.