• Total programme size: Up to EUR 25,000,000 (25,000 bonds with a nominal value of EUR 1,000 each).
• First tranche: Up to EUR 10,000,000.

• First tranche subscription period: 27 May 2026 – 17 June 2026 (until 15:30 Lithuanian time).
• Issue date: 22 June 2026.
  Submit your subscription order through AB Artea bankas (broker@artea.lt) before the end of the subscription period.

1. Submit your subscription order through the Lead Manager:
   • AB Artea bankas (Lead Manager) – broker@artea.lt, +370 52 103 354
2. Fill in the subscription order and transfer the required funds (minimum EUR 1,000).
3. Orders are processed during the subscription period, and you will receive confirmation after allocation.

22 December 2028. Unless redeemed early, the issuer repays the principal in full on this date.

No, issuer will not extend the term of the bonds. The existing bonds would be refinanced by issuance of new bonds and investors would be able to decide if they want to acquire new bonds.

• Annual coupon: 8.0% – 9.0% per year (fixed for the full term). Subscription orders may be submitted at 8%, 8.5%, or 9%; the issuer sets the final rate after the close of the subscription period. The rate determined for the first tranche applies to all subsequent tranches.
• Interest calculation method: actual/365 on the nominal value.
• Interest payment dates: monthly on the 22nd of each month, with the first payment on 22 July 2026.
• Record date: Bondholders registered 3 business days before the payment date receive interest.

Example:
If you buy 10 bonds (EUR 10,000 nominal) and the coupon is set at 8.0%, your annual interest is EUR 800, paid monthly (~EUR 66.67 per payment).

The bonds are unsecured obligations of the issuer. They benefit from a guarantee, in a maximum amount of EUR 25,000,000, provided by INVL Renewable Energy Fund I, a well‑established fund with a portfolio of renewable energy projects. This means that if the issuer fails to meet obligations, the guarantor is legally bound to fulfill them.

Proceeds will be used to:

• Primarily refinance the existing bridge loans (provided by EBRD and Eiffel Investment Group) of Danube Solar Five S.A., a Group SPV operating a 60 MWp solar PV power plant in Dolj County, Romania (Pielești and Robănești). The whole issue is intended for this refinancing.
• To the extent proceeds exceed the amount required for the Danube Solar Five S.A. refinancing, remaining proceeds may be applied to refinance other Group SPVs (operating in Romania), general working capital, or general corporate purposes including financing development, construction and operation of renewable energy projects.
  The Danube Solar Five S.A. project (construction completed; in trial operation pending issuance of the production licence by the Romanian energy regulator, expected June 2026) is expected to contribute to stable cash flows supporting interest and principal payments.

Issuer’s call:

• Possible from 22 December 2026 (6 months after issue), with at least 14 calendar days’ notice. Early redemption is not permitted during the first 6 months.
• Redemption price: nominal value + accrued interest.
  • If redeemed after 22 December 2026 but on or before 22 June 2027: +1.00% premium.
  • If redeemed after 22 June 2027: no premium.

Bondholder’s put option:

• Bondholders have a put option (right to require redemption at nominal value plus accrued interest, with no premium) only upon (i) a Change of Control Event or (ii) a De-listing Event, as defined in the prospectus. There is no general put right and no 75%/2% premium mechanic.

Example:
If you hold EUR 10,000 nominal and the issuer calls in April 2027 (within the premium window: after 22 Dec 2026, on or before 22 Jun 2027):

• You receive EUR 10,000 + accrued interest to the redemption date (e.g. ~EUR 533 for ~8 months at 8%) + EUR 100 premium (1%).

The issuer has agreed to:
Negative borrowing – no additional borrowing from unrelated parties.
Negative pledge – no pledging of directly owned assets.
Change of control protection – if the Sole Shareholder ceases to own, directly or indirectly, more than 50% of the issued share capital of the issuer (or is restricted from exercising such control), or the guarantor ceases to be managed by INVL Asset Management UAB, investors may exercise the put option.
Restriction on asset disposals – no asset sales that would materially harm the issuer’s ability to meet obligations.
Reporting obligations – issuer’s annual audited financials within 4 months and semi-annual unaudited financials within 2 months of period end; guarantor’s annual audited financials within 6 months and semi‑annual unaudited financials within 2 months of period end.
Business continuity – no material changes to the nature of business.

On Nasdaq First North. Trading in the bonds of the relevant tranche shall commence no later than 30 calendar days after the issue date of that tranche. This listing facilitates potential secondary market trading, though market liquidity cannot be guaranteed.

All investments carry risks. Key risks include:
Credit risk: The issuer or guarantor might default. Mitigated by the guarantee from the guarantor (the bonds are unsecured).
Market/interest rate risk: Bond prices may fluctuate if market rates rise or fall.
Liquidity risk: While bonds will be listed, trading volumes may be limited.
Early redemption risk: Bonds may be redeemed before maturity, possibly reducing expected returns.
Project risk: Unexpected construction or operational issues could impact cash flow.
Regulatory risk: Changes in laws or taxes affecting returns.
For a full description, please refer to the official prospectus.

• Nominal value per bond: EUR 1,000.
• Minimum investment: EUR 1,000 (one bond).
  Subscriptions should be in multiples of EUR 1,000.

• Trustee: UAB “Audifina” (acts on behalf of bondholders).
• Lead Manager: AB Artea bankas (broker@artea.lt, +370 52 103 354).
• Settlement: through Nasdaq CSD SE, Lithuanian branch.
• Legal adviser / Certified Adviser: Ellex Valiunas.

Attractive fixed interest rate (8.0%–9.0%).
Backed by an experienced renewable energy fund.
Public offering with planned listing on Nasdaq First North.
Covenants and guarantees providing investor protection.
Direct contribution to green energy infrastructure in the region.