B2 Impact ASA –Trading Update

Oslo, 4 December 2023: B2 Impact ASA is informing that the Cash EBITDA for the fourth quarter is expected to exceed NOK 1.5 billion. The extraordinary increase in expected Cash EBITDA is the result of the resolution of the largest secured claim owned by B2 Impact in combination with continued strong collection performance across the Group. The collection of the secured claim in question is backed by collateral in a hotel resort in Croatia. The net proceeds from the collection will contribute just over NOK 500 million, representing a net return above the original target return. Due to the accounting treatment for secured portfolios, the impact on the Group’s net income is not material.

The following figures are based on preliminary financial information for the fourth quarter:

• Unsecured collection performance trending above the curves, in line with previous quarters
• Strong secured collection and REO sales
• Cash EBITDA expected to exceed NOK 1.5 billion
• Leverage ratio is expected below 2x at the end of the fourth quarter
• Portfolio investments above NOK 750 million so far this quarter, underwritten at improved returns

B2 Impact has since early 2020 reduced its debt with around EUR 325 million and at the same time increased the Cash EBITDA. B2 Impact continue to focus on reducing its geographic footprint to reduce complexity and costs. Earlier this year the sale of Bulgaria was concluded and a run-off strategy have been implemented in several countries. Since the beginning of 2020, B2 Impact has invested over NOK 7 billion in portfolios, with 95% invested in unsecured portfolios of which 74% have been in B2 Impact’s main markets in Poland and Northern Europe

“We are very pleased with the settlement of the largest secured asset owned by B2 Impact. This is a result of the refocused strategy of our secured business carried out over the last years, and I want to thank George Christoforou and the Veraltis team for their great efforts and results so far. With another strong quarter expected for B2 Impact we will have a very strong balance sheet with solid liquidity going into 2024. As such we are in a unique position to grow the business and maintain a healthy leverage, in a market where we observe substantial improvement in expected return on portfolios and a favorable competitive landscape,” said Erik Just Johnsen, CEO B2 Impact ASA.

For further information, please contact:

Rasmus Hansson
Head of Investor Relations and M&A
Mobile: +47 952 55 842
E-mail: [email protected]

or

André Adolfsen
CFO
Mobile: +47 930 19 150
E-mail: [email protected]

About B2 Impact ASA
B2 Impact ASA is one of the leading pan-European debt management companies. B2 Impact offers solutions to the challenges created by defaulted loans, and provide liquidity to financial institutions, contributing to a healthier financial system. B2 Impact promote lasting financial improvement through transparent and ethical debt management. The Company was founded in 2011 and employs around 1,700 people. B2 Impact ASA is headquartered in Oslo, Norway and the B2 Impact share is listed on the Oslo Stock Exchange under the ticker "B2I". For further information, visit www.b2-impact.com (http://www.b2-impact.com/)