On November 12 Storent Holding launches public bond offering with a 10% fixed annual interest rate

AS Storent Holding, which successfully entered one of the world’s fastest-growing construction and equipment rental markets — the United States — in September, is now launching a public bond offering with a fixed annual interest rate of 10% and a 3.5-year maturity.

Across all Baltic States, both retail and professional investors are offered a total of 185,000 Storent Holding bonds, each with a nominal value of EUR 100, providing an opportunity to participate in the growth of one of the leading equipment rental companies in the region.

The subscription and exchange period runs until 2 December 2025. The issue is intended to refinance existing bonds and secure additional funding for continued growth in the European and U.S. markets.

This is the second series under Storent Holding’s bond programme. Existing investors whose bonds mature in December 2025 and September 2026 are offered an exchange premium of 1% of the nominal value of the bonds exchanged.

Over recent years, Storent has made substantial investments in developing IT solutions and modernising its equipment fleet. Digitalisation and a clear strategic direction have enabled the company to enter the U.S. market and significantly increase its enterprise value.

“In one of the fastest-growing construction and equipment rental markets in the world – Texas – Storent has already started to introduce and adapt digital solutions developed in the Baltics, including its online rental platform and IT tools, which currently have no equivalent in the U.S. market. Meanwhile, our partner company, Connect Rentals, has already begun its expansion in the region.

Texas and other states in the southern United States are our growth platform. This is a market where we see the greatest potential to combine our experience, capital, and digitalisation advantages,” says Andris Pavlovs, co-founder and Chairman of the Management Board of AS Storent Holding.

To drive further growth while maintaining strong local leadership, Storent continues to operate under a three-region structure – the Baltics, the Nordics, and the United States.

“Storent Holding stands out with its strong growth trajectory, open communication, and the ability to turn investments into measurable results. Operations across the Baltics, the Nordics, and the U.S., combined with a presence in diverse sectors – from construction and infrastructure to defence, manufacturing, and agriculture – together with the advantages of digitalisation, offer investors the opportunity to participate in the growth of an efficient, diversified, and ambitious company,” says Kristiāna Janvare, Head of Investment Banking at Signet Bank.

Timetable of the offering

• Start of the offering period — November 12, 2025 at 10.00 (Baltic time)

• Investor webinar — November 13, 2025 at 15.00 (Baltic time)

• End of the offering period — December 2, 2025 till 15.30 (Baltic time)

• Announcement of the results — December 3, 2025

• Settlement — December 5, 2025

Signet Bank acts as the lead manager of the bond issue, with legal advice provided by law firm Cobalt. The bonds are intended to be listed on the regulated market of Nasdaq Riga.

Investor webinar

AS Storent Holding invites investors to join a webinar, where the company’s management will present how Storent doubled its value in just two years, provide insights into its expansion into the U.S. market, explain how digitalisation and AI are transforming the rental industry, and outline what investors can expect from the new public bond offering.

The subscription and exchange period will open on 12 November at 10:00 and close on 2 December at 15:30. As the deadlines for submitting bond purchase orders on the final day may vary between banks or brokerage firms, investors are encouraged to contact their financial service provider to confirm the exact deadline for submitting their subscription orders.

About Storent Holding

Storent, founded in 2008 with the goal of becoming the most innovative rental company in the world, is driven by a team of experts who set new industry standards through technology, exemplary service, and sustainable solutions. The company, fully owned by Latvian shareholders, is a recognized leader in the digitalization of rental processes and online sales. It holds the largest market share in Latvia, with strong positions in Estonia and Lithuania. Storent is successfully developing operations in Finland, operates in Sweden, and now — also in the United States.

For the second consecutive year, Storent Holding has been recognized as the most valuable equipment rental company in Latvia, included in the Nasdaq Riga and Prudentia TOP101 ranking. In the 2024 assessment, the company climbed 21 positions — from 88th to 67th place — reflecting the growing strength of the company’s brand, digital innovation, and the confidence of its customers and investors.

The company operates 35 rental depots: 15 in Latvia, 9 in Lithuania, 4 in Estonia, 4 in Finland, 1 in Sweden, and 2 in the United States. The Storent Group employs more than 275 people.

For further information: Baiba Onkele Member of the Management Board and Chief Financial Officer AS Storent Holding baiba.onkele@storent.com www.storentholding.com

Disclaimer: This announcement is an unpaid marketing communication. Each investment decision should be based on the Base Prospectus approved by the Bank of Latvia, as well as the Final Terms (available at: https://www.storentholding.com/). The approval of the Base Prospectus by the Bank of Latvia should not be understood as an endorsement of the securities.