Bondholders’ Meeting in Bong resolves on amendments to Convertible Bonds in order to enable the conversion into Bong shares.

The Bondholders’ Meeting held on 19 January 2016 resolved to amend the terms and
conditions of the SEK 75 million Convertible Bonds 2013/2018 with ISIN
SE0005281821 (the “Convertible Bonds”) in Bong AB (publ) ("Bong") as requested
by Bong. The amendments are subject to approval by the EGM (defined below).
Provided that such approval is granted, the amendments will enable Bong, as well
as the Bondholders, to convert all Convertible Bonds into Bong shares at a
conversion price of SEK 2.75 per share. In addition, the Bondholders shall
during a three-month period be entitled to subscribe for in total 9,999,975 Bong
shares at a subscription price of SEK 1.00 per share in order for the conversion
to be allowed.
Bong has previously announced certain proposed transactions to significantly
reduce and change the nature of Bong’s indebtedness, including conversion of all
Convertible Bonds into Bong shares. On 15 December 2015, Bong announced that it
had raised SEK 200m trough a senior secured bond issue and that one of several
conditions for the release of the bond proceeds and the repurchase of the
current banks’ claims on Bong is that all Convertible Bonds are converted into
Bong shares.

The Bondholders’ Meeting resolved to amend the terms and conditions of the
Convertible Bonds in order to allow for Bong to convert all Convertible Bonds
into Bong shares at any time and at a conversion price of SEK 2.75 per share.
The amendments also entail an extended right for the Bondholders to convert
their Convertible Bonds. In addition and subject to approval by the
extraordinary general meeting in Bong to be held on 25 January 2016 (the “EGM”),
Bondholders registered as such per 12 January 2016 (the “Voting Record Date”)
for voting at the Bondholders’ Meeting shall, during a three-month period after
the EGM, be entitled to subscribe for 133,333 Bong shares per Convertible Bond
held at the Voting Record Date, in total 9,999,975 Bong shares, at a
subscription price of SEK 1.00 per share in order for a conversion to be
allowed.

As previously communicated, the amendments to the terms and conditions of the
Convertible Bonds are subject to approval by the EGM. Provided that the EGM
resolves to amend the terms and conditions of the Convertible Bonds in
accordance with the above, the amendments will be submitted to the Swedish
Companies Registration Office for registration. Subsequently, Bong intends to
convert all Convertible Bonds into Bong shares.

About Bong
Bong is a leading provider of specialised packaging and envelope products in
Europe, offering solutions for distribution and packaging of information,
advertising materials and lightweight goods. Important growth areas in the Group
are packaging within retail and e-commerce and the envelope market within
Eastern Europe. The Group has annual sales of approximately SEK 2.3 billion and
about 1,685 employees in 16 countries. Bong has strong market positions in the
majority of key markets in Europe, and the Group sees interesting possibilities
for continued expansion and development. Bong is a public limited company whose
stock is quoted on Nasdaq Stockholm (Small Cap).

Bong AB (publ) discloses the information in this press release pursuant to the
Securities Markets Act. The information was provided for public release on 20
January 2016 at 08.00 CET.

For further information contact Stéphane Hamelin, CEO, Bong AB.
Phone (switchboard) +46 44-20 70 00