Call Option Notice


We refer to the terms and conditions of the Bonds, dated 26 June 2014 (the
"Terms and Conditions"). Terms defined in the Terms and Conditions have the same
meaning in this notice unless given a different meaning herein.

We hereby give you notice that Ceratiidae II AB will exercise its right to
redeem all outstanding Bonds in full on 6 December 2016, in accordance with
Clause 10.3 (Voluntary Total Redemption) of the Terms and Conditions.

The redemption amount for each Bond shall be the applicable Call Option Amount
(being 103.94 per cent. of the Nominal Amount), plus accrued but unpaid
Interest, and the redemption amount will be paid to the Bondholders holding
Bonds on the applicable Record Date (being 29 November 2016).

The Bonds will be delisted from the corporate bond list of Nasdaq Stockholm on
or about 6 December 2016.

This notice is irrevocable and shall be governed by Swedish law.

Attachments

11015280.pdf