May 2018

As has been reported in the media, ABN AMRO N.V. brought proceedings against Totisa Holdings S.A. after it defaulted on a loan facility in 2015. Totisa Holdings S.A. and others lodged a counterclaim alleging that the bank wrongly refused to provide an additional $3 million loan. We are now happy to confirm that the proceedings have been settled amicably and on confidential terms, without admission of wrongdoing by any party