Reconstruction Capital II Limited announced that it has entered into a €800,000 unsecured loan facility with Ion Florescu, a substantial shareholder in the Company (the "Facility"). The Facility is necessary to support the working capital requirements of the Company, since the ability of Policolor, its main investee company, to pay dividends has been negatively affected by worsening trading conditions since the outbreak of the war in Ukraine. The Facility will carry an interest rate of 8% on all amounts drawn down by the Company, and the loan term is twenty-four months.

There is no arrangement fee and no early repayment fee. The Company can draw down under the Facility at any time prior to 31st December 2023.