Conversion of PIK Notes held by Ramphastos Investments

As previously announced, Ramphastos Investments (Ramphastos), as from 2018 the owner of HEMA has now completed a series of transactions which resulted in the conversion of EUR 103,333,894 PIK Notes which it acquired at the same time as its acquisition of HEMA, into common equity of AMEH XXVI B.V. The conversion and subsequent cancellation of the Senior PIK Notes held by Ramphastos is part of its broader and long-term strategy of deleveraging HEMA and shows Ramphastos’ commitment to invest in the business and capital structure of HEMA.