Örnsköldsvik, Sweden. On May 2, 2025 the Board of Directors of Clavister Holding AB resolved, with the support of an issue authorization from the Annual General Meeting 2024, to issue no more than 11,603,877 warrants, without consideration, to the European Investment Bank (“EIB”), in accordance with an agreement entered into with EIB in December 2017.

Each warrant entitles the holder to subscribe for 1 new share in the company at a subscription price of SEK 0.1 during the period commencing on the date of registration of the warrants with the Swedish Companies Registration Office up to and including April 30, 2038. By the utilization of the warrants, the number of shares in the company may increase by no more than 11,603,877 shares and the share capital may increase by not more than SEK 1 160 387.7.

The reason for the deviation from the shareholders’ pre-emptive rights, as well as the basis for the subscription price, is that the company entered into an agreement with EIB in December 2017. The agreement contains a so-called anti-dilution protection, meaning that the company shall issue warrants to EIB free of charge if the company issues shares to a third party. The purpose of the resolution is for the company to fulfill its obligations under the aforesaid agreement in connection with the company’s unit issue in the winter of 2023/24.