Polygon request a written procedure

Polygon AB (publ) has requested a written procedure with its bondholder and
waivers under the up to EUR 180,000,000 Senior Secured Floating Rate Notes
2014/2019

Polygon AB (publ) has today requested Nordic Trustee & Agent AB (publ) (the
“Agent”) to initiate a written procedure for the noteholders to consider a
request to permit a debt reorganisation of the Polygon group. The purpose of the
debt reorganisation is to strengthen the balance sheet of PolygonVatro GmbH
(“PolygonVatro”) and to better reflect the revenue profile of the group on an
entity-by-entity basis. In order to strengthen PolygonVatro, which is an
important matter to the whole group, it is necessary to waive or otherwise
transfer several intragroup loans over which security have been granted.

Following the request, the Agent has today sent out a notice of the written
procedure to the noteholders with the request for waivers which is available in
its entirety under Investors on our website www.polygongroup.com. Noteholders
will find information regarding voting and relevant dates in the notice of the
written procedure with the request for waivers. However, to be eligible to
participate in the written procedure, a person must meet the criteria for being
a noteholder on 21 June 2016. This means that the person must be registered on a
securities account with the CSD, as a direct registered owner
(Sw.direktregistrerad ägare) or nominee (Sw. förvaltare) with respect to one or
several notes.

For further questions regarding the notice of the written procedure and waivers,
please contact Mats Norberg at mats.norberg@polygongroup.com or +46 (0) 70 331
65 71 (http://tel%2B46%20%280%29%2070%20331%2065%2071) or Rolf Edman
at rolf.edman@polygongroup.com or +46 (0) 70 626 63 08. For further questions to
the Agent, regarding the administration of the written procedure, please contact
the Agent at mail@nordictrustee.se or +46 8 783 79
00 (http://tel%2B46%208%20783%2079%2000). The notice of the written procedure
with the request for waiver is available in its entirety under [Investors] on
our website www.polygongroup.com.

The information above has been published pursuant to the Swedish Securities
Markets Act (Sw. lag om värdepappersmarknaden) and/or Swedish Financial
Instruments Trading Act (Sw. lagen om handel med finansiella instrument).
This information was released for publication at 22.30 CET on 13 June 2016.

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