“As we now enter the next phase, becoming a standalone listed company, I feel the same excitement I did when we first started — and when we joined Embracer seven years ago. Today’s games industry is more competitive than ever, but also more rewarding when you get things right. We have a strong foundation in our lean teams and core franchises. Our ambition is to keep focusing on what we do best: developing our existing games, building new ones, and staying close to and growing our communities around them. I couldn’t be prouder of Coffee Stain Group and our teams as we take this next step together towards an exciting future”, says Anton Westbergh, co-founder and Group CEO of Coffee Stain.

Listing of Coffee Stain’s class B shares on Nasdaq First North Premier Growth Market in Stockholm
On 12 November 2025, the Nasdaq Stockholm AB approved Coffee Stain’s listing application for the admission to trading of Coffee Stain’s class B shares on Nasdaq First North Premier Growth Market in Stockholm, subject to customary conditions. A company description, which will inter alia contain information about Coffee Stain, is expected to be published on 8 December 2025 and will be available on Embracer’s and Coffee Stain’s respective websites.

Important dates and indicative timeline
The last day of trading in the class B shares of Embracer including the right to receive shares in Coffee Stain is 5 December 2025. As of 8 December 2025, the class B share of Embracer will be traded excluding the right to receive shares in Coffee Stain. Other than being registered as a shareholder of Embracer, including holding shares through an Investment Savings Account (Sw. Investeringssparkonto (ISK)) or endowment insurance (Sw. kapitalförsäkring), on the record date for the Distribution, which will be 9 December 2025, no further actions are required by Embracer’s shareholders.

Trading in Coffee Stain’s class B shares on Nasdaq First North Premier Growth Market in Stockholm is expected to commence on 11 December 2025. The class B shares will be traded under the ticker COFFEE B with the ISIN code SE0026599557. The class A shares of Coffee Stain will not be admitted to trading.

More information on the Distribution including the information brochure published in connection with the Extra General Meeting of Embracer and key dates can be found here.

5 December 2025: The last day for trading in the shares of Embracer including the right to receive shares in Coffee Stain
8 December 2025: The company description is expected to be published
8 December 2025: The first day for trading in the shares of Embracer excluding the right to receive shares in Coffee Stain
9 December 2025: Record date for the distribution of shares in Coffee Stain
11 December 2025: First day of trading in Coffee Stain’s class B shares

Advisors
Skandinaviska Enskilda Banken AB is acting as Lead Financial Advisor in connection with the Distribution. DNB Carnegie Investment Bank AB (publ), Nordea Bank Abp, filial i Sverige and SB1 Markets, filial i Sverige are acting as Financial Advisors. Baker & McKenzie Advokatbyrå KB acts as legal counsel to Embracer and Coffee Stain.