At the company's annual general meeting in 2022, it was resolved to adopt a warrant program for the management and key employees, comprising a maximum of 215,000 warrants ("Warrant Program 2022/2025"). The exercise period for Warrant Program 2022/2025 runs from 1 June 2025 up to and including 31 August 2025. At the company's annual general meeting in 2023, it was resolved to adopt an additional warrant program for the management and other selected key personnel, of a maximum of 380,000 warrants ("Warrant Program 2023/2025"). The exercise period for Warrant Program 2023/2025 runs from 2 June 2025 up to and including 2 September 2025. Each warrant entitles the holder to subscribe for one (1) share in Cheffelo.

All warrants held by participants under each program, including members of the company's management (a total of 125,000 warrants under Warrant Program 2022/2025 and a total of 216,832 warrants under Warrant Program 2023/2025), have been exercised.

The price per share under Warrant Program 2022/2025 and Warrant Program 2023/2025 has been recalculated as a result of dividends paid by the company, in accordance with the complete terms of each warrant program. The share subscription in Cheffelo under Warrant Program 2022/2025 has been made at a price of SEK 30.48 per share. The share subscription in Cheffelo under Warrant Program 2023/2025 has been made at a price of SEK 19.40 per share. The warrant exercises through Warrant Program 2022/2025 and Warrant Program 2023/2025 entail that Cheffelo receives a total of approximately SEK 8 million before transaction costs. The number of shares in Cheffelo increases by a total of 341,832 shares, to 13,020,424 shares, and the share capital increases by SEK 31,548.214012, to SEK 1,201,675.451262. The dilution, as a result of the share subscription under Warrant Program 2022/2025 and Warrant Program 2023/2025, amounts to a total of approximately 2.7 percent, based on the number of shares before the exercise of the warrants.