Invitation to Tender Notes Outstanding of the Issuer Bell Group N.V.

Southey Capital Ltd announces a voluntary tender offer for certain securities issued by Bell Group N.V., which has recently completed its liquidation process. The offer aims to help account holders avoid custody fees associated with these securities.

The offer covers three types of guaranteed convertible subordinated bonds, all linked to Bell Group N.V. The bonds include those due in 1995 at 11%, and those due in 1997 at 5% and 10%. The purchase price is set at 0.1% of the nominal amount, equivalent to £1,000 or AUD$1,000 for each £1,000,000 or AUD$1,000,000 held.

No maximum acceptance amount has been set; Southey Capital Ltd is willing to purchase the entire outstanding amount of each issuance. The rationale behind this offer includes the reduction of custody costs for holders and potential write-off benefits for valuation purposes.

The offer commenced on July 2, 2024, with an expiration date set for August 2, 2024, at 18:00 CET. Holders are directed to submit a Form of Acceptance via email to bellgroup@southeycapital.com. Settlement will be processed through Euroclear.