Under the Company's warrant programme, two persons discharging managerial responsibilities have been allotted a total of 450,000 warrants, where each warrant entitles the holder to subscribe for one (1) new share in Morrow Bank AB at a subscription price of SEK 14.00 per share. For each warrant, a market-based price of SEK 2.74 per warrant is paid, calculated by an independent valuer in accordance with the Black & Scholes model. The allotment is distributed as follows:

Chair of the Board Niklas Midby has been allotted 400,000 warrants and holds, together with closely associated persons, following this transaction 73,000 shares and 400,000 warrants in Morrow Bank AB.

Board member Julia Ehrhardt has been allotted 50,000 warrants and holds, together with closely associated persons, following this transaction 50,000 warrants in Morrow Bank AB.

The warrants may be exercised during the period from and including the date of registration of the warrants with the Swedish Companies Registration Office up to and including 31 December 2029.

Notification will be made to the Swedish Financial Supervisory Authority within the prescribed time in accordance with Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (MAR).