https://newsweb.oslobors.no/message/485375

Andrea Cattaneo, Chief Executive Officer of Zenith, commented:

"I am very pleased that we are significantly reducing our debt position by taking a number of steps to strengthen our balance sheet.

Beyond the evident benefits, this should also help Zenith improve its issuer credit rating of B+ with Positive Outlook to secure debt financing at more favourable terms to support its future development.

Our near-term operational progress will play a determining role towards enabling the Company towards further achieving this goal.”