Today, November 14, 2025, the subscription period begins in Terranet AB's ("Terranet" or the "Company") rights issue of units resolved by the Board of Directors on November 4, 2025 (the "Rights Issue"). The subscription period in the Rights Issue runs from and including November 14, 2025, up to and including November 28, 2025. Please note that some banks and nominees may have an earlier deadline for subscription in the Rights Issue. Shareholders should therefore check with their bank or nominee whether they have an earlier response date for subscription.

Summary of the Rights Issue:

• One (1) existing share, regardless of share class, entitles to one (1) unit right and thirty-five (35) unit rights entitle to subscription of one (1) new unit. One (1) unit contains five (5) new Class B shares. This means that a total of no more than 236,861,290 new shares will be issued within the Rights Issue
• The subscription price has been set at SEK 0.39 per unit, corresponding to SEK 0.078 per Class B share. At full subscription in the Rights Issue, Terranet will receive approximately SEK 18.5 million before issue costs.
• The last day of trading in Terranet's Class B share including the right to receive unit rights in the Rights Issue was November 10, 2025. The Class B shares were traded excluding the right to receive unit rights in the Rights Issue as of November 11, 2025.
• The Rights Issue is fully guaranteed through underwriting commitments. The underwriting commitments are not secured by bank guarantees, escrow funds, pledges or similar arrangements.
• The subscription period for the Rights Issue runs from and including 14 November 2025 up to and including 28 November 2025.

Preliminary timetable for the Rights Issue

Advisers
Mangold Fondkommission is acting Sole Global Coordinator and Sole Bookrunner and Eversheds Sutherland Advokatbyrå AB is acting as legal advisor to the Company in connection with the Rights Issue.

Important information
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Terranet in any jurisdiction, neither from Terranet nor anyone else.

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.