RC2 Reconstruction Capital Ii Limited

TIDMRC2

RNS Number : 0270O

Reconstruction Capital II Ltd

28 September 2023

28 September 2023

Reconstruction Capital II Limited

Loan to Telecredit IFN S.A.

Reconstruction Capital II Limited (the "Company") announces that Ion Florescu (a substantial shareholder in the Company) has entered into an agreement to provide a total of EUR500,000 in unsecured loans to Telecredit IFN S.A. ("Telecredit") (the "Loan").

The Loan matures in September 2024 and carries an annual interest rate of 8% and was granted to support the working capital requirements of Telecredit related to its SME factoring and discounting operations.

The Loan constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The independent directors of the Company (other than Zoran Melovski being a director connected to Ion Florescu), having consulted with the Company's nominated adviser, Grant Thornton UK LLP, consider that the terms of the Loan are fair and reasonable insofar as the Company's shareholders are concerned.

For further information, please contact:

Reconstruction Capital II Limited

Cornelia Oancea / Luca Nicolae

Tel: +40 21 3167680

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett / Samuel Littler

Tel: +44 (0) 20 7383 5100

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September 28, 2023 07:56 ET (11:56 GMT)

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