Jefast Citygalleria AB (”Issuer”) a wholly owned subsidiary of  Jefast Holding AB (publ) (”Jefast” or the ”Company”) has issued SEK 220 million in senior secured bonds to re-finance existing debt on the property in Holland 25-26 in Helsingborg, Sweden. The bond financing framework can furthermore be increased to SEK 387 million in order to finance the construction of  an 83-unit residential tower on the north-east corner of the property. Pareto Alternative Investments AS (“PAI”) has provided the financing through its sustainability linked real estate fund, Pareto Real Estate Credit Fund IS (“PREC”).

Cassandra Jertshagen, CEO of Jefast commented: “We are happy to to further develop the Holland properties and add 83 residential units in Helsingborg. Doing this together with Pareto Alternative Investments and with a special emphasis on ESG initiatives is very exciting!“

Morten Edvardsen, Head of Credit Investments at PAI also commented: “We are delighted to work with Jefast on this exciting project. We are in particular impressed by Jefast’s determination and willingness to improve its sustainability profile by including sustainability linked terms in the deal. For PAI this transaction represents an important milestone, it not only represents the first investment in Sweden, it is also the first time we engage in construction financing.

Anvil Asset Advisors AS has acted as financial adviser and Wigge & Partners has acted as legal adviser to Jefast in connection with the bond issue. Advokatfirmaet Thommessen and Advokatfirman Cederquist KB have acted as legal adviser to PAI.

For further information, please contact:

Cassandra Jertshagen, CEO

+46 (0) 42 36 12 01

cassandra@jefast.se

Morten Edvardsen, Head of Credit Investments

Pareto Alternative Investments AS

+47 920 20 611

morten.edvardsen@pareto.no