Press release Biocartis Group NV: Biocartis Announces Completion of Exchange Offer for its Existing Convertible Bonds, and issuance of New Convertible Bonds

PRESS RELEASE: REGULATED INFORMATION

31 October 2022, 07:00 CET

Biocartis Announces Completion of Exchange Offer for its Existing Convertible Bonds, and issuance of New Convertible Bonds

Mechelen, Belgium, 31 October 2022 – Biocartis Group NV (the "Company" or "Biocartis"), an innovative molecular diagnostics company (Euronext Brussels: BCART), announces the completion of the exchange offer for its 4.00% convertible bonds due 2024/2027 (the "Existing Convertible Bonds") thereby delivering on another step of the comprehensive recapitalization arrangements that were announced on 1 September 2022.

As per the previous announcement of the Company on 26 September 2022, holders of Existing Convertible Bonds were offered the right to exchange (the "Exchange") their Existing Convertible Bonds into new second lien secured convertible bonds issued by the Company (the "New Convertible Bonds"), subject to their commitment to participate pro-rata in a fully backstopped EUR 25 million investment into additional New Convertible Bonds, to occur at a later stage of the comprehensive recapitalization arrangements.

On 28 October 2022 the Exchange was formally completed with a large majority of holders of Existing Convertible Bonds electing to participate. Accordingly, an aggregate principal amount of EUR 102,300,000 of Existing Convertible Bonds was exchanged, on a one-for-one basis for newly issued New Convertible Bonds. As a result of the completion of the exchange, an aggregate principal amount of EUR 16,400,000 of Existing Convertible Bonds remains outstanding.

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More information:
Renate Degrave
Head of Corporate Communications & Investor Relations Biocartis
e-mail        rdegrave@biocartis.com
tel            +32 15 631 729
mobile      +32 471 53 60 64

About Biocartis

With its revolutionary and proprietary Idylla™ platform, Biocartis (Euronext Brussels: BCART) aspires to enable personalized medicine for patients around the world through universal access to molecular testing, by making molecular testing actionable, convenient, fast and suitable for any lab. The Idylla™ platform is a fully automated sample-to-result, real-time PCR (Polymerase Chain Reaction) based system designed to offer in-house access to accurate molecular information in a minimum amount of time for faster, informed treatment decisions. Idylla™’s continuously expanding menu of molecular diagnostic tests address key unmet clinical needs, with a focus in oncology. This is the fastest growing segment of the molecular diagnostics market worldwide. Today, Biocartis offers tests supporting melanoma, colorectal, lung and liver cancer, as well as for COVID-19, Flu, RSV and sepsis. For more information, visit www.biocartis.com or follow Biocartis on Twitter @Biocartis_ , Facebook or LinkedIn.

Biocartis and Idylla™ are registered trademarks in Europe, the United States and other countries. The Biocartis and Idylla™ trademark and logo are used trademarks owned by Biocartis. Please refer to the product labeling for applicable intended uses for each individual Biocartis product.
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Forward-looking statements
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