Basel, Switzerland – July 28, 2026 – This is a notice to creditors of Herens Midco S.à r.l., Herens Holdco S.à r.l. and their subsidiaries (“Arxada”) as follows:
together, the “Creditors”, in relation to Arxada’s recapitalization and amend & extend transaction originally announced on May 12, 2026 (the “A&E Transaction”). The A&E Transaction is being implemented by way of an English scheme of arrangement under Part 26 of the Companies Act 2006 (the “Scheme”) in accordance with the transaction support agreement in respect of the A&E Transaction originally dated April 25, 2026 and subsequently amended (the “Transaction Support Agreement”).
The first hearing for the Scheme took place on July 27, 2026, at which the Court approved the convening of meetings of the Creditors in relation to the Scheme (the “Creditor Meetings”).
The voting record time for the Scheme will be 5:00pm London time on August 14, 2026 (the “Voting Record Time”). Creditors party to the Transaction Support Agreement are obliged to vote in favor of the Scheme.
The Creditor Meetings will be held on August 27, 2026 at the following times:
An explanatory statement (the “Explanatory Statement”) describing the A&E Transaction and the Scheme, including details of the Creditor Meetings and instructions for Creditors to vote on the Scheme, has been posted to the Transaction Website at https://deals.is.kroll.com/arxada (the “Transaction Website”).
To vote at the Creditor Meetings, Creditors must submit a Scheme Creditor Letter via the Transaction Website (and comply with the requirements set out therein), prior to the Voting Record Time. Please refer to Appendix A (Instructions to Scheme Creditors) of the Explanatory Statement for further details.
The Court hearing to sanction the Scheme following the Creditor Meetings is scheduled for September 15, 2026.
Arxada encourages all Creditors that are party to the Transaction Support Agreement and all other Creditors who wish to access the Explanatory Statement and/or vote on the Scheme to consult the Transaction Website.
If Creditors have questions on the A&E Transaction or Scheme, please email Bain Capital, Cinven and/or Arxada at the contact details provided below.

Arxada
Peter Frauenknecht
cfo.arxada@arxada.com
Emily Johnson
emily.johnson@arxada.com
Bain Capital
Maria Andrisani
MAndrisani@BainCapital.com
Cinven
Christopher Anderson
Christopher.Anderson@Cinven.com
Arxada is a global leader in innovative solutions that protect our world. Our groundbreaking technologies, in-depth regulatory know-how, manufacturing and process development help our customers to safeguard nutrition, health and infrastructure efficiently through chemistry and microbiology that enhance sustainability. We offer a broad portfolio of ingredients and services for multiple end-markets that include Human Health & Nutrition, Home & Personal Care, Professional Hygiene, Paints & Coatings and Wood Protection. With customers in more than 100 countries, the company achieved sales of CHF 2billion in 2025. Headquartered in Basel (Switzerland), Arxada employs 3,100 associates across 24 production sites and 14 R&D centers, all committed to our customers’ success.
To learn more about Arxada, please visit: arxada.com and Arxada on LinkedIn.
This release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities referred to in this announcement, in any jurisdiction, including the United States, in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, or an exemption from registration.
To the extent that any securities are issued pursuant to the Scheme, such securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or with any securities regulatory authority or under any relevant securities laws of any state or other jurisdiction of the United States. Any securities delivered under the Scheme may not be offered, sold, pledged or otherwise transferred except to (1) with respect to U.S. holders, to: (x) "qualified institutional buyers" within the meaning of Rule 144A under the U.S. Securities Act, or (y) institutional accredited investors (as defined in Rule 501(a)(1), (2), (3) or (7), (8), (9), (12) or (13) of Regulation D under the U.S. Securities Act), in each case, transacting in a private transaction in reliance upon an exemption from the registration requirements of the U.S. Securities Act; or (2) outside the United States to: (x) a holder who is not a "U.S. person" (as such term is defined in Rule 902 under the U.S. Securities Act) that is outside the United States transacting in offshore transactions in reliance on Regulation S under the U.S. Securities Act; and (y) if located in the European Economic Area, are persons who are not retail investors, being a person who is not one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU; or (ii) a customer within the meaning of Directive 2016/97/EU, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of Directive 2014/65/EU; or (iii) a "qualified investor" as defined in Regulation (EU) 2017/1129; or if located in the United Kingdom, are persons who are not retail investors in the United Kingdom, being a person who is not either one (or both) of the following: (i) a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No. 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018; or (ii) a qualified investor as defined in paragraph 15 of Schedule 1 to the Public Offers and Admissions to Trading Regulations 2024. No public offering of such securities will be made in the United States.
This announcement is for information purposes only, and no recommendation is being made as to whether the Creditors should consent to the Scheme. The Explanatory Statement contains important information which should be read carefully before any decision is made with respect to the Scheme. The Explanatory Statement should be consulted for additional information regarding consent procedures and the conditions for the Scheme. If any Creditor is in any doubt as to the action it should take or is unsure of the impact of the implementation of the Scheme, it is recommended to seek its own financial, accounting and legal advice, including as to any tax consequences, immediately from its stockbroker, bank, manager, solicitor, accountant or other independent financial, legal or tax adviser.
This announcement contains forward-looking statements. These statements include, but are not limited to, statements regarding the anticipated timing of future announcements and the implementation the A&E Transaction. Forward-looking statements are based on our current expectations and assumptions and are subject to risks and uncertainties, many of which are outside our control, that could cause actual results or outcomes to differ materially from those expressed or implied in those statements. No assurance can be given that the matters described in these forward-looking statements will occur as described or at all. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.