REG-Everest Global Plc: Repayment of £1.50 million Convertible Loan Notes

Everest GlobalAnnouncement

28/08/2025 09:15

28 August 2025

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Everest Global plc

Repayment of £1.50 million Convertible Loan Notes

Everest Global plc (LSE: EVST) (“Everest of the “Company”) is pleased to
announce the repayment of Convertible Loan Notes (CLNs) to the value of
 £1,500,000 to Surich Real Estate Opportunity Fund SPC (“SPC”) SPC under
the terms of the Loan Note Instrument. Following the repayment, SPC holds, in
aggregate, 1 CLN with an aggregate principal value of £250,000 under the Loan
Note Instrument announced 16 August 2024.

SPC requested a partial early repayment as the funds have not been fully
deployed in the time frame expected. As a result, the Company has accepted the
request by SPC for a partial early repayment. The Company will continue to
look for funding as it looks to find opportunities in its strategic business
focus.

The repayment was settled as to £1,491,731 in cash with the remaining £8,269
added to the balance of the loan advance made by SPC in November 2024 of
approximately £155,000.  This loan attracts the same interest rate as the
CLNs (being 6% per annum).

Interest on the repaid CLNs has been accrued and will either be repaid of
converted in due course under the terms of the Loan Note Agreement.

SPC is wholly owned and controlled by Mr Ziwei Peng, Mr Peng is the owner and
controller of Golden Nice International Group Limited, which holds a 24.55%
interest in the issued share capital of the Company. Given Mr Peng’s holding
in the Company, the issue of the additional CLN and the Advanced Funds to SPC
is a related party transaction for the purposes of Rule 7.3 of the Disclosure
Guidance and Transparency Rules.

The material terms of the Loan Note Instrument are as set out in the
Company’s announcement dated 16 August 2024. Defined terms in this
announcement shall have the same meaning as set out in the Company’s
announcement dated 16 August 2024.

The directors of the Company accept responsibility for the content of this
announcement.

For further information please contact:

 Everest Global plc                                                                                           
                                                                                                              
 Andy Sui, Chief Executive OfficerRob Scott, Non-Executive Director  +44 (0) 776 775 1787+27 (0)84 6006 001   
                                                                                                              
 SPARK Advisory Partners Limited                                                                              
 Andrew Emmot                                                        +44 (0) 20 3368 3555                     
                                                                                                              



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