SaveLend Group (YIELD) M&A announcement summary

Deal rationale and strategic fit

• Acquisition aligns with growth strategy to integrate complementary businesses and expand product offerings.

• Adds debt consolidation loans for consumers, leveraging an existing customer base and distribution channels.

• Supports transition to operating as a credit market company, subject to regulatory approval.

• Refino AB sought a long-term home for its business due to regulatory changes affecting its ability to operate independently.

Financial terms and conditions

• No upfront purchase consideration; instead, Refino AB receives a 45% royalty on profit before tax until 31 July 2032.

• Refino AB will invest in SaveLend Group via a convertible instrument, with terms to be announced after board approval.

• SaveLend Group incurs no acquisition-related debt.

Synergies and expected cost savings

• Integration expected to enhance profitability and operational synergies.

• Business anticipated to contribute at least SEK 500 million in revenue and over SEK 100 million in earnings through July 2032.