Cramo Plc announced an invitation to all holders (the “Noteholders”) of its outstanding EUR 150,000,000 2.375 % notes due 2022, with a current outstanding amount of EUR 134,200,000 (the “Notes”) to tender any and all of their Notes for purchase by Cramo for cash on the terms and conditions set out in the consent solicitation and tender offer memorandum dated 12 June 2020 (the "Consent Solicitation and Tender Offer Memorandum") (the “Tender Offer”). At the same time, the company announced that it is soliciting consents (such consents, "Consents") from all Noteholders to approve an amendment (the “Proposal”) to the terms and conditions of the Notes (the "Terms and Conditions") (the “Consent Solicitation”). The completion of the Tender Offer is subject to the passing of a resolution pursuant to which the amendment of the Terms and Conditions in accordance with the Proposal is approved at the Noteholders’ Meeting (the "Consent Condition").