We would like to inform you that the EUR 238,000 payment from Easy Debt Service (EDS) announced in our previous update of 1 June 2026 has been received by Mintos. In our June update, based on information provided by EDS at that time, we communicated that this payment was expected to cover all delayed coupon payments due between 25 October 2025 and 25 January 2026 across a broad group of bond issues.
However, upon receipt of the funds and the final payment instructions from EDS, it became clear that the available amount was not sufficient to cover the delayed coupon payments for all bonds in that period, as previously expected. Instead, EDS directed the funds to fully repay the principal of ISIN LVX0000MARM2, which carried the lowest outstanding principal balance among the matured bonds. Due to the issuer's current liquidity constraints, the entire payment was allocated to this single bond issue rather than being distributed across multiple overdue coupon payments and matured bonds.
We understand that this outcome will be disappointing for investors who were expecting repayments across several outstanding obligations. The allocation reflects the funds available and the payment instructions received from EDS, rather than any change in the issuer's commitment to meeting all outstanding obligations.
The planned sale of the real estate asset continues to be the primary source of liquidity for settling the remaining overdue principal amounts, delayed coupon payments, and applicable late interest. Regarding the progress of the property sale, we have received a copy of the preliminary sales agreement, which confirms that the transaction is advancing. We will continue to monitor developments closely and provide an update as soon as there are further material developments on the sale.
We have also issued two additional Event of Default Notices: one regarding the bonds that matured on June 5 and another regarding the bonds that matured on June 19. This is a protective step that preserves investors' legal position and may support further action if EDS does not meet its outstanding obligations.
We remain in close contact with EDS, continue to monitor the progress of the property sale, and will provide further updates as soon as there are any material developments.