Terms for the Rights Issue
Registered shareholders in Euroclear Sweden AB will receive one (1) unit right for each share held. Thirteen (13) unit rights entitle shareholders to subscribe for one (1) unit and twenty (20) warrants. One (1) unit consists of twenty (20) new shares.

Registered shareholders in Finland will receive one (1) subscription right for each share held on the record date. Thirteen (13) subscription rights entitle to subscription of twenty (20) new shares. In addition, registered shareholders in Finland will receive twenty (20) warrants for each of twenty (20) new shares that they have subscribed and paid for.

The subscription price in the Rights Issue has been set at SEK 0.04 per unit, corresponding to SEK 0.002 per share (EUR 0.000180)

Warrants, issued free of charge, will only be allocated to those who subscribe for shares in the Rights Issue and thus not to those who have purchased BTU on Nasdaq First North Growth Market.

The subscription period in the Rights Issue will run from 20 May 2025 up to and including 3 June 2025 in Sweden, while the subscription period in Finland will run from 21 May 2025 up to and including 5 June 2025, with the right for the Company’s board of directors to extend the subscription period. Subscription of new shares without unit rights will take place during the same period.

Trading in unit rights on Nasdaq First North Growth Market will take place from 20 May 2025 up to and including 28 May 2025.

See information memorandum for complete terms and conditions including the terms for the warrants.

Important information

Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction.

This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Enersize in any jurisdiction, either from Enersize or from anyone else. This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction.

This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.

Forward-looking statements

This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Nasdaq First North Growth Market Rulebook.