With reference to its announcement on 2 June 2026 concerning the contemplated Offering (as defined below) and listing of shares on the regulated market maintained by Nasdaq Helsinki Ltd ("Nasdaq Helsinki") (the "Listing"), Savox Communications Plc ("Savox" or the "Company") announces the subscription price for the Offering in connection with its contemplated Listing and further information on the Offering.

The subscription period for the contemplated Offering is expected to commence on 9 June 2026 at 10:00 a.m. EEST.

The Offering in brief

• The Company aims to raise gross proceeds of approximately EUR 30 million by offering preliminarily a maximum of 2,798,508 new shares in the Company (the "New Shares") for subscription (the "Share Issue").
• Furthermore, the largest shareholder of the Company Savox S.A., a company controlled by the Chairman of the Company's Board of Directors Paul Ehrnrooth (the "Principal Shareholder") will offer for purchase in preliminarily a maximum of 1,864,130 existing shares in the Company (the "Sale Shares") (the "Share Sale", and together with the Share Issue, "Offering"). The New Shares, the Sale Shares and the Additional Shares (as defined below) are together referred to herein as the "Offer Shares".
• The subscription price for the Offer Shares in the Offering is EUR 10.72 per Offer Share (the "Subscription Price").
• The market capitalisation of the Company after the Offering is approximately EUR 190 million assuming that a maximum number of New Shares is offered and subscribed for in the Offering at the Subscription Price.
• The number of Offer Shares is preliminarily a maximum of 4,662,638 Offer Shares assuming that a preliminary maximum number of New Shares would be subscribed for in the Share Issue, the Principal Shareholder will sell the maximum number of Sale Shares and the Over-Allotment Option (as defined below) is not used (and 5,362,033 Offer Shares assuming that the Over-Allotment Option is used in full).
• The Offering consists of (i) a public offering to private individuals and entities in Finland (the "Public Offering") and (ii) an institutional offering to institutional investors in Finland and, in accordance with applicable laws, internationally outside of the United States (the "Institutional Offering").
• The Cornerstone Investors (as defined below) have each individually, subject to certain conditions, committed to subscribe for Offer Shares in the Offering for a total amount of approximately EUR 26 million.
• In connection with the Offering, the Company is expected to commit to a lock-up arrangement of 360 days and the Principal Shareholder of 180 days from the Listing. The members of the Board of Directors of the Company and the management team of the Company are expected to commit to a lock-up arrangement of 360 days.
• In connection with the Offering, the Principal Shareholder is expected to grant to the Managers (as defined below) an over-allotment option, exercisable by Nordea Bank Abp ("Nordea") on behalf of the Managers as stabilising manager (the “Stabilising Manager”) to purchase preliminarily a maximum of 699,395 additional shares in the Company at the Subscription Price (the “Additional Shares”) solely to cover over-allotments in connection with the Offering (the “Over-Allotment Option”). The Over-Allotment Option is exercisable within 30 days from the commencement of trading in the Company's shares (the "Shares") on the prelist of Nasdaq Helsinki.
• The Offer Shares represent preliminary a maximum of approximately 26,3 per cent of the Shares and votes vested by the Shares after the Share Issue assuming that the Over-Allotment Option will not be exercised (approximately 30,3 per cent assuming that the Over-Allotment Option will be exercised in full), and assuming that the Principal Shareholder will sell the maximum number of Sale Shares and that the Company will issue 2,798,508 New Shares.
• The size of the Offering is approximately EUR 57.5 million assuming that the Company raises gross proceeds of approximately EUR 30 million in the Share Issue, the Principal Shareholder will sell the maximum number of Sale Shares, and the Over-Allotment Option is exercised in full.
• The subscription period for the Public Offering will commence on 9 June 2026 at 10.00 a.m. EEST and end on or about 15 June 2026, at 4.00 p.m. EEST.
• The subscription period for the Institutional Offering will commence on 9 June 2026 at 10.00 a.m. EEST and end on or about 16 June 2026, at 16.00 EEST.
• In the event of an oversubscription, the Public Offering may be discontinued at the earliest on 12 June 2026, at 4.00 p.m. EEST. In addition, the Institutional Offering may be discontinued at the earliest on 15 June 2026, at 4.00 p.m. EEST.
• The Company’s Board of Directors and the Principal Shareholder are entitled to extend the subscription period of the Public Offering and Institutional Offering respectively.
• Savox has submitted a Finnish language prospectus related to the Offering (the "Finnish Prospectus") for approval by the Finnish Financial Supervisory Authority. The Finnish Financial Supervisory Authority is expected to approve the Finnish Prospectus on or about 8 June 2026.
• Trading of the Shares on the prelist of Nasdaq Helsinki is expected to commence on or about 18 June 2026 and on the regulated market maintained by Nasdaq Helsinki on or about 22 June 2026 with the trading code "SAVOX".

Paul Ehrnrooth, Chair of Savox's Board of Directors, comments:

"The defence and safety and security sectors are undergoing a structural transformation, and the markets are expected to grow in the coming years. Savox has also grown strongly in recent years, particularly in the defence sector, where we have grown at an average rate of over 60 per cent on a yearly basis (CAGR) in 2021–2025.

The just launched offering supports our strategic growth objectives. At this stage, I would like to thank the cornerstone investors who have wanted to become our shareholders. I also welcome retail investors to join us in building Savox into an even more successful, internationally competitive provider of critical communications systems in the important defence as well as safety and security sectors."

Jerry Kettunen, Savox's CEO, comments:

"Savox has over the years succeeded in establishing a strong position as a provider of critical communications systems in the global defence as well as safety and security sector. In recent years, we have expanded our operations particularly in the defence sector, which already accounted for approximately 51 per cent of our revenue last year. Our product offering includes, for example, tactical communication devices and next-generation intercom and vision solutions.

Our technology platform enables system interoperability across different systems. Our vertically integrated manufacturing model, in turn, supports product development in collaboration with our customers. Although we operate globally, our production is primarily concentrated in Finland.

Savox's aim is to continue accelerating growth in a determined manner across Europe, the United States, and selected Asia-Pacific markets. The market is at a very interesting stage of development, and we believe this is a good moment to invite new investors to join us in supporting the execution of Savox's growth strategy."

Background and reasons for the Offering

Savox is a Finnish company operating in the critical communications sector that offers a wide range of communication devices and solutions for global defence, law enforcement, fire and rescue, and industrial markets. The Company has a broad product portfolio covering tactical communication controllers, advanced hearing protection, rugged ICT devices, search and rescue systems, and next-generation intercom and vision solutions. Savox's end customers include, among others, defence forces, law enforcement authorities, fire and rescue organisations, and industrial professionals. The Company's solutions support these customers' safe and effective communication, coordination, and operation, particularly in demanding field conditions.

The objective of the Offering is to support the implementation of Savox's long-term business strategy and strategic objectives. Proceeds from the Share Issue would strengthen the Company's balance sheet and financial flexibility, which would enable the implementation of the growth strategy. Stronger balance sheet would particularly support working capital management, the financing of customer and programme projects and long-term product development investments, enabling greater financial flexibility and optionality in funding. The Listing would also allow Savox to access the capital markets and broaden its ownership base both with domestic and foreign investors, which would increase the liquidity of the Shares. Furthermore, the Offering is expected to benefit Savox operationally, strengthen Savox's recognition among its customers, prospective employees and investors and other stakeholders and, thus, enhancing the Company's competitiveness and supporting long-term value creation. The Listing and increased liquidity would also enable the Company to use its Shares more effectively as consideration in potential acquisitions and remuneration of personnel.

Information on the Offering

Preliminarily a maximum of 233,208 Offer Shares are offered in the Public Offering to private individuals and entities in Finland. Preliminarily a maximum of 4,429,430 Offer Shares are being offered in the Institutional Offering to institutional investors through private placements in Finland and, in accordance with the applicable laws, internationally outside the United States. Depending on the demand, the Company and the Principal Shareholder may reallocate Offer Shares between the Public Offering and the Institutional Offering in deviation from the preliminary number of shares without limitation. However, the minimum number of Offer Shares to be offered in the Public Offering is 233,208 Offer Shares or, if the aggregate number of Offer Shares covered by the subscription commitments submitted in the Public Offering is smaller than this, such aggregate number of Offer Shares as covered by the subscription commitments.

The Offer Shares are offered in the Offering for a Subscription Price of EUR 10.72 per Offer Share. The Subscription Price may be changed during the subscription period, however, so that in the Public Offering the Subscription Price will be no more than the original Subscription Price of EUR 10.72 per Offer Share. If the Subscription Price is changed, the Finnish Prospectus published by the Company in connection with the Offering will be supplemented and the supplement will be published through a stock exchange release.

The Company aims to raise gross proceeds of approximately EUR 30 million in the Share Issue by offering preliminarily a maximum of 2.798.508 New Shares in the Company for subscription.

The cornerstone investors listed below (together, the "Cornerstone Investors") have given subscription undertakings amounting to approximately EUR 26 million in total in the Offering. The Cornerstone Investors have each individually committed to subscribe for Offer Shares at the Subscription Price in the Offering, subject to certain conditions being fulfilled, including a condition that the maximum valuation of all Shares in the Company before any proceeds from the Share Issue does not exceed EUR 160 million. According to the terms and conditions of the subscription undertakings, the Cornerstone Investors will be guaranteed the number of Offer Shares covered by the subscription undertakings.

The Cornerstone Investors have given subscription undertakings as follows:

• Elo Mutual Pension Insurance Company EUR 9.4 million;
• Tesi (Finnish Industry Investment Ltd) EUR 5.0 million;
• Danske Invest Finnish Equity Fund EUR 4.0 million;
• DNB Asset Management EUR 4.0 million; and
• Protean Funds Scandinavia EUR 4.0 million.

In connection with the Offering, the Company is expected to commit to a lock-up undertaking for a period that will end 360 days and the Principal Shareholder for a period that will end 180 days from the Listing. The members of the Board of Directors of the Company and the management team of the Company are expected to commit to a lock-up agreement with similar terms to that of the Company that will end on the date that falls 360 days from the Listing.

The Principal Shareholder is expected to grant to the Managers (as defined below) an Over-Allotment Option, exercisable by Nordea on behalf of the Managers as Stabilising Manager, to purchase preliminarily a maximum of 699,395 Additional Shares at the Subscription Price solely to cover any over-allotments in connection with the Offering. The Over-Allotment Option is exercisable within 30 days from the commencement of trading in the Shares on the prelist of Nasdaq Helsinki (i.e., on or about the period between 18 June 2026 and 18 July 2026). The Additional Shares represent approximately 4.7 per cent of the Shares and votes prior to the Offering and approximately 3.9 per cent after the Offering assuming that the Company will issue 2,798,508 New Shares and that the Principal Shareholder will sell the preliminary maximum number of Sale Shares. However, the number of Additional Shares will not in any case represent more than 15 per cent of the aggregate number of New Shares and Sale Shares.

As a result of the Share Issue, the number of Shares may increase preliminarily to a maximum of 17,711,553 Shares assuming that the New Shares preliminarily offered in the Offering are offered and subscribed for in full.

Savox's Shares have not been subject to trading on regulated market or multilateral trading facility before the Offering. The Company intends to submit a listing application to Nasdaq Helsinki to list the Shares on the regulated market maintained by Nasdaq Helsinki. Trading in the Shares is expected to commence on the prelist of Nasdaq Helsinki on or about 18 June 2026 and on the regulated market maintained by Nasdaq Helsinki on or about 22 June 2026.

Publication of the Finnish Prospectus

Savox has submitted the Finnish Prospectus related to the Offering for approval by the Finnish Financial Supervisory Authority. The Finnish Financial Supervisory Authority is expected to approve the Finnish Prospectus on or about 8 June 2026. The Finnish Prospectus will be available on the website of the Company at ipo.savox.com, on Nordea's website at www.nordea.com/fi/savox and on Nordnet Bank AB's ("Nordnet") website at www.nordnet.fi/savox on or about 9 June 2026 at the latest. An English language Offering Circular prepared on the basis of the Finnish Prospectus will be available on the website of the Company at ipo.savox.com, on Nordea's website on www.nordea.com/fi/savox and on Nordnet's website www.nordnet.fi/savox on or about 9 June 2026 at the latest.

Advisers and subscription places

Nordea has been appointed to act as sole global coordinator and joint bookrunner of the Offering (the "Sole Global Coordinator") and Skandinaviska Enskilda Banken AB (publ) Helsinki Branch ("SEB") has been appointed to act as joint bookrunner for the Offering (together with the Sole Global Coordinator, the "Managers"). Nordea acts as a subscription place in the Public Offering and Institutional Offering, SEB acts as a subscription place in the Institutional Offering and the Company has appointed Nordnet as the place of subscription of the Public Offering. The Company has appointed HLP Corporate Finance Oy to act as its financial adviser. Krogerus Attorneys Ltd is acting as legal adviser to Savox. White & Case LLP is acting as the legal adviser to the Managers. Miltton Ltd is acting as communications adviser to Savox.

Company presentation event

Savox will host a company presentation (in Finnish) on June 9, 2026, at 6 p.m. EEST. The speakers will include Savox’s Chairman of the Board, Paul Ehrnrooth, CEO Jerry Kettunen, and CFO Juha Järvi. The event will be held at Miltton, address Sörnäisten rantatie 15, 00530 Helsinki. The event can also be followed via a webcast. Participants will have the opportunity to ask questions after the presentation. Registration for the event is available at https://savox.events.inderes.com/20260609-yhtiotilaisuus.

Important dates

Further enquiries

Jerry Kettunen, CEO, tel. +358 40 044 4615

Juha Järvi, CFO, tel. +358 50 367 2286

Information about Savox

Savox is a Finnish company operating in the critical communications sector that offers a wide range of communication devices and solutions for global defence, law enforcement, fire and rescue, and industrial markets. The Company has a broad product portfolio covering tactical communication controllers, advanced hearing protection, rugged ICT devices, search and rescue systems, and next-generation intercom and vision solutions. Savox's end customers include, among others, defence forces, law enforcement authorities, fire and rescue organisations, and industrial professionals. The Company's solutions support these customers' safe and effective communication, coordination, and operation, particularly in demanding field conditions. Our revenue in 2025 was EUR 56.1 million.

IMPORTANT INFORMATION

Neither this release nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Singapore or any other jurisdiction in which publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States, nor may the securities of Savox Communications Plc (the "Company") be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. The Company does not intend to register any portion of the offering in the United States or to offer securities to the public in the United States.

The issue, offer, exercise and/or sale of securities are subject to specific legal or regulatory restrictions in certain jurisdictions. The Company, Nordea Bank Abp or Skandinaviska Enskilda Banken AB (publ) Helsinki Branch assume no responsibility in the event there is a violation by any person of such restrictions.

The information contained herein shall not constitute an offer to sell or a solicitation of an offer to purchase or subscribe, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the applicable prospectus published or offering circular distributed by the Company.

The Company has not authorised any offer to the public of securities in the United Kingdom or in any Member State of the European Economic Area other than Finland. With respect to each Member State of the European Economic Area other than Finland and which applies the Prospectus Regulation (each, a "Relevant Member State"), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in the Relevant Member States (a) to any legal entity, which fulfils the requirements of a qualified investor as defined in the Prospectus Regulation; or (b) in any other circumstances falling within Article 1(4) of the Prospectus Regulation. For the purposes of this paragraph, the expression "offer of securities to the public" means a communication to persons in any form and by any means, presenting sufficient information on the terms of the offer and the securities to be offered, so as to enable an investor to decide to purchase or subscribe for those securities. The expression "Prospectus Regulation" means Regulation (EU) 2017/1129 of the European Parliament and of the Council, as amended.

This communication is directed only at persons who are outside the United Kingdom or persons who are qualified investors within the meaning of the Public Offers and Admissions to Trading Regulations 2024 and are also (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities or other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as the "Relevant Persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, the Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

Full terms, conditions and instructions for the initial public offering are included in the prospectus that has been prepared by the Company in connection with the contemplated initial public offering. The prospectus is available on the website of the Company at ipo.savox.com.

Investors are advised to read the prospectus before making an investment decision to fully understand the risks and rewards associated with the investment. The approval by the Finnish Financial Supervisory Authority of the prospectus shall not be considered as an endorsement of the securities offered.

FORWARD-LOOKING STATEMENTS

Certain statements in this release are "forward-looking statements." Forward-looking statements include statements concerning plans, assumptions, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, the Company's competitive strengths and weaknesses, plans or goals relating to financial position, future operations and development, its business strategy and the anticipated trends in the industry and the political and legal environment in which it operates and other information that is not historical information. In some instances, they can be identified by the use of forward-looking terminology, including the terms "believes," "intends," "may," "will" or "should" or, in each case, their negative or variations on comparable terminology.

Forward-looking statements in this release are based on assumptions. Forward-looking statements involve inherent risks, uncertainties and assumptions, both general and specific, and the risk exists that the predictions, forecasts, projections, plans and other forward-looking statements will not be achieved. Given these risks, uncertainties and assumptions, investors are cautioned not to place undue reliance on such forward-looking statements. Any forward-looking statements contained herein speak only as at the date of this release. Save as required by law, the Company does not intend to, and does not assume any obligation to, update or correct any forward-looking statement contained in this release.

INFORMATION TO DISTRIBUTORS

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares have been subject to a product approval process, which has determined that the shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors should note that: the price of the shares may decline and investors could lose all or part of their investment; the shares offer no guaranteed income and no capital protection; and an investment in the shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to any offering of the shares.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares.

Each distributor is responsible for undertaking its own target market assessment in respect of the shares and determining appropriate distribution channels.