The company SIJ – Slovenska industrija jekla, d.d., Gerbičeva ulica 98, Ljubljana (hereinafter: SIJ d.d or the Issuer) announces that it, together with its subsidiaries (hereinafter collectively: the Group), certain key existing bank lenders (hereinafter: Existing Banks) and holders of  more than 85% of SIJ8 notes (ISIN SI0032104489) (hereinafter: the Notes) to the Group, have reached an agreement in principle on the key terms of a long term refinancing solution for the Group (hereinafter: the Long Term Refinancing Solution), aimed at ensuring stability in light of several macro-linked trading challenges.

To implement the Long Term Refinancing Solution, certain conditions will have to be met, including the approval by the relevant bodies of the Existing Banks, signing of contractual documentation and the adoption of relevant resolutions approved by the holders of Notes.  representing at least 75 percent of the total nominal amount of the Notes.

The Issuer has engaged with certain holders of Notes since the end of October 2025 on the terms on which it shall refinance the Notes with a view to agreeing to implement the necessary amendments. As of the date of this announcement, holders of Notes representing more than 85 percent of the total nominal amount have agreed to support the implementation of the Long Term Refinancing Solution, including voting in favor of the necessary resolutions, by signing a transaction support agreement (the Transaction Support Agreement).

Simultaneously with this announcement, SIJ d.d. is publishing the attached noteholder presentation dated 30 October 2025 (the Presentation), which was shared with certain holders of Notes as part of the engagement outlined above. The Presentation outlines the key terms of the Long Term Refinancing Solution, provides certain data on the Group's operating results, and as of its date of 30 October 2025, sets out expectations on the Group's future performance. The forward-looking statements contained in the Presentation speak to the Group's expectation as of 30 October 2025 and therefore represent management’s view at that time. They have not been updated or revised since that date and there is no intention to update or revise any forward-looking statements in the Presentation whether as a result of new information, future events or otherwise arising since it was first presented on 30 October 2025.

All holders of Notes who wish to support the Long Term Refinancing Solution and are interested in signing the Transaction Support Agreement are invited to contact the Group’s legal advisor Jadek & Pensa, by emailing project-sava@jadek-pensa.si. All holders of Notes who provide their support will be entitled to a Lock Up Fee (as defined in the Transaction Support Agreement).

The information contained in the announcement will be available on the official website of SIJ d.d. at http://www.sij.si/ for at least 5 years from the date of publication.