Polygon AB (publ) announces a consent solicitation for its outstanding senior secured floating rate notes

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO
ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO
DISTRIBUTE THIS ANNOUNCEMENT.
Polygon AB (publ) announces a consent solicitation for its outstanding up to
maximum EUR 180,000,000 senior secured floating rate notes due 2019 with a
current outstanding total nominal amount of EUR 120,000,000 (ISIN SE0005878535)
(the "Notes")

Polygon AB (publ) reg. no 556816-5855 (the "Company") announces that it is
soliciting consent from holders of the Notes (the "Noteholders") to amend
certain terms and conditions of the Notes (the "Consent Solicitation").

The Consent Solicitation is made subject to the terms and conditions, and
certain restrictions, described in the consent solicitation memorandum regarding
the Consent Solicitation issued by the Company and dated 11 October 2016 (the
"Consent Solicitation Memorandum").

Consent solicitation from Noteholders
The Company today announces that it is soliciting consents from all Noteholders
to certain amendments (the "Proposals") of the terms and conditions (the "Term
and Conditions") governing the Notes.

A Noteholder who delivers a valid voting instruction in favour of the Proposals
before 17:00 CET on 19 October 2016 (the "Early Bird Consent Fee Deadline") may
be eligible to receive an early bird consent fee of 1.50 per cent. in respect of
the Notes (the "Early Bird Consent Fee").

The Proposals are passed through voting at a noteholder’s meeting held at the
offices of Nordea Markets at Smålandsgatan 17, 111 47 Stockholm, Sweden, and
will take place at 09:00 CET on 26 October 2016 (the "Meeting"). In order for
the Proposals to be passed at the Meeting a quorum of at least twenty (20) per
cent. of the adjusted nominal amount must be reached and a majority of at least
sixty-six and two thirds (66 2/3) per cent. of the adjusted nominal amount must
approve the Proposals. Noteholders may cast a vote at the Meeting by
participating in person or via representation by proxy.

Noteholders that wish to be eligible to receive the Early Bird Consent Fee
should not participate in person or via representation by proxy at the Meeting,
but should use the consent voting instruction form annexed to the Consent
Solicitation Memorandum. Noteholders are advised to read carefully the Consent
Solicitation Memorandum for full details of and information on the procedures
for participating in the

Consent Solicitation. This press release is for information purposes only and is
not an offer to sell or a solicitation of an offer to buy any security. The
Consent Solicitation is being made solely pursuant to the Consent Solicitation
Memorandum. If any Noteholder is in any doubt as to the contents of this press
release, the information contained in the Consent Solicitation Memorandum or the
action it should take, such Noteholder should seek its own financial and legal
advice, including in respect of any tax consequences, immediately from its
broker, bank manager, solicitor, accountant or other independent financial, tax
or legal adviser.

To receive copies of the Consent Solicitation Memorandum or for questions
relating to the Consent Solicitation, please contact Nordea Bank Danmark A/S
acting as solicitation agent (the "Solicitation Agent"). Any individual or
company whose Notes are held by a nominee must contact such nominee to
participate in the Consent Solicitation.

Solicitation Agent:
Nordea Bank Danmark A/S: +45 6161 2996,
bibi.larsen@nordea.com / LiabilityManagement@nordea.com

Paying Agent:
Nordea Bank AB (publ): IssuerSeCustodian@nordea.com

For further information, visit www.polygongroup.com or contact
Mats Norberg, CFO at Polygon
Phone: + 46 (0) 70 331 65 71
Mail: mats.norberg@polygongroup.com

This information is information that Polygon AB (publ) is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, at 18:00
CET on 11 October 2016.