Date: August 17, 2026

Board Meeting Outcomes

Sammaan Capital Limited completed its previously announced tender offer for its outstanding U.S.$350,000,000 9.70% Senior Secured Social Bonds due 2027. The company accepted for purchase the Maximum Purchase Amount of U.S.$18,000,000 in aggregate principal amount of Bonds.

Financial Results

The company paid a total of U.S.$18,790,050.03 in connection with the Tender Offer, comprising:

  • Early Tender Offer Consideration of U.S.$1,035 per U.S.$1,000 principal amount of the Bonds
  • Accrued and unpaid interest and additional amounts

This payment was for U.S.$18,000,000 in aggregate principal amount of Bonds validly tendered at or prior to the Early Tender Deadline on July 31, 2026, which were accepted for purchase on August 3, 2026.

Following the completion of the tender offer, the aggregate principal amount of Bonds that remains outstanding is U.S.$306,000,000, reduced from the original U.S.$350,000,000 issuance (of which U.S.$324,000,000 was outstanding prior to this tender).

Jurisdictional Restrictions

The document contains extensive disclaimers regarding jurisdictional restrictions for the tender offer:

  • Not made to residents of India - Indian residents are not permitted to acquire and hold the Bonds
  • Hong Kong restrictions apply to professional investors only
  • Singapore restrictions regarding prospectus registration
  • People's Republic of China restrictions (excluding Hong Kong, Macau, and Taiwan)
  • United Kingdom restrictions under Financial Services and Markets Act 2000

Service Providers

Information and Tender Agent: D.F. King Ltd (a business name of MUFG Corporate Markets IR Pty Ltd)

Dealer Manager: Deutsche Bank AG, Singapore Branch

Bond Details

  • Common codes: 279357205 (Regulation S) and 279357191 (Rule 144A)
  • Interest rate: 9.70% Senior Secured Social Bonds
  • Maturity: Due 2027

Timeline

  • Early Tender Deadline: July 31, 2026 at 5:00 P.M., Central European Time
  • Early Acceptance Date: August 3, 2026
  • Expiration Time: August 17, 2026 at 5:00 P.M., Central European Time
  • Previous intimations: July 15, 2026, July 20, 2026, and August 3, 2026